Quote:
Originally Posted by Chuck33079
Individuals who aren't offered insurance through their employer can purchase their own plan on the open marketplace, or pay a $95 tax penalty.
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The tax penalty is $95 or 1% of your annual income, which ever is higher. Thats for the first year. It ends up going to $695 or 2.5% of your income in 2016 when the act is fully phased in.
So the first year, if you make 50k a year, your penalty will be $500. Afterwards it will be $1250.
Moral of the story, get some insurance so you money is at least benefiting you lol.