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Obama's New Tax

this is a discussion within the Poli-Sci Community Forum; Congressional budget analysts are now estimating that nearly 6 million Americans - most of them in the middle class - will have to pay a tax penalty for not getting health insurance once President Barack Obama's health care law is ...

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Old 09-19-2012, 04:03 PM   #1
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Obama's New Tax

Congressional budget analysts are now estimating that nearly 6 million Americans - most of them in the middle class - will have to pay a tax penalty for not getting health insurance once President Barack Obama's health care law is fully in place.

That's 2 million more than a previous estimate found, or a 50 percent increase. The average penalty will be nearly $1,200.

Starting in 2014, the new health care law requires virtually every legal resident of the U.S. to carry health insurance, or face a tax penalty. The Supreme Court upheld Obama's law as constitutional after finding that the penalty fell within the power of Congress to impose taxes.

The nonpartisan Congressional Budget Office said today the penalty will raise $6.9 billion when fully in effect in 2016.
Tax penalty to hit nearly 6 million uninsured people | The Columbus Dispatch
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Old 09-19-2012, 07:39 PM   #2
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Re: Obama's New Tax

Not only that, the people who will have to pay that tax,are the people who can't afford health insurance. So in essence, BHO is hurting the very people he's trying to give a free ride to.
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Old 09-19-2012, 09:49 PM   #3
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Re: Obama's New Tax

Originally Posted by Srgt. Hulka View Post
Not only that, the people who will have to pay that tax,are the people who can't afford health insurance. So in essence, BHO is hurting the very people he's trying to give a free ride to.
I have a friend who is self-employed. He and his wife run their own website. Basic health care for he and his wife with a 'standard' deductible (his word) will cost them 1100.00 a month.

OUR GOVERNMENT IS FORCING HIM TO PURCHASE THIS INSURANCE

Nothing could possibly be more unAmerican than this. After my liberal friend told me he didn't care what the Constitution said, I've been forced to rethink the mentality of people who actually support this. It scares me to death.

The more I learn about Obama, his sad excuse for a father whom he feels some sense of loyalty to even though he married his mother while he was married to another woman - even though he only saw Obama a single time - even though it was revealed later to Obama that his father was a wife beater and a drunk, the more fearful I am of his agenda. But it isn't Obama that truly worries me. It is the ignorance of the people - Americans - who don't understand what it is they are supporting.

Obama is NOT stupid. He knows precisely what he's doing and unfortunately he's doing it. WAKE UP AMERICA! I am BEGGING and I am PLEADING with you to WAKE UP. You need to understand this man's history. You need to know his associations. It isn't propaganda. The truth is simply the truth. No one need spin it - and Obama's opposition has done a crap job of exposing his agenda.

As Americans, as Conservatives or Liberals, we can debate and find middle ground. We always have. This man is doing what no other military power could ever do. He is destroying America from within. PLEASE WAKE UP. I beg you all, before you vote, research this man on your own. I will GLADLY share my cell phone number with any of you and will have a unassuming and open conversation with you about this man. YOU NEED TO KNOW.

WAKE UP!
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Old 09-20-2012, 08:13 AM   #4
 
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Re: Obama's New Tax

Nearly 6 million Americans -- most of them in the middle class -- will face a tax penalty for not carrying medical coverage once President Barack Obama's health care overhaul law is fully in place, congressional budget analysts said Wednesday.
The new estimate amounts to an inconvenient fact for the administration, a reminder of what critics see as broken promises.
The numbers from the nonpartisan Congressional Budget Office are significantly higher than a previous projection by the same office in 2010, shortly after the law passed.
The earlier estimate found 4 million people would be affected. The difference -- 2 million people-- represents a 50 percent increase.
That's still only a sliver of the population, given that more than 150 million people currently are covered by employer plans. Nonetheless, in his first campaign for the White House, Obama pledged not to raise taxes on individuals making less than $200,000 a year and couples making less than $250,000.
And the budget office analysis found that nearly 80 percent of those who'll face the penalty would be making up to or less than five times the federal poverty level. Currently that would work out to $55,850 or less for an individual and $115,250 or less for a family of four.
Average penalty: about $1,200 in 2016.
"The bad news and broken promises from Obamacare just keep piling up," said Rep. Dave Camp, R-Mich., chairman of the House Ways and Means Committee, who wants to repeal the law.
There was no immediate response from the administration.


Read more: Tax penalty to hit nearly 6M uninsured people, under ObamaCare | Fox News

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