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6.5 million taxpayers paid $3 billion in Obamacare penalties


Posted: Mar 29, 2017

Approximately 6.5 million taxpayers paid $3 billion in Obamacare penalties for not having health insurance in 2016, according to preliminary data from the Internal Revenue Service Commissioner John Koskinen. Beginning in 2014, the Affordable Care Act’s individual mandate required that Americans purchase health care coverage or pay a penalty to the Internal Revenue Service. While the number of taxpayers paying the penalty has declined since 2014, the total amount in penalties paid to the IRS has increased since then. In 2014, individuals without insurance had to pay the greater penalty of either a flat fee of $95 or 1 percent of the household’s adjusted gross income in excess of the threshold for mandatory tax filing. In 2016, those penalties increased to a flat fee of $695 or 2.5 percent of the adjusted gross income. In 2014, Koskinen’s preliminary data showed that there were 7.5 million taxpayers who paid a total of $1.5 billion in Obamacare penalties. Final data from the IRS, however, showed those numbers increase to 8.1 million taxpayers paying a total of $1.7 billion in Obamacare penalties. Koskinen’s preliminary data from 2016 shows that there were 6.5 million taxpayers paying a total of $3 billion in Obamacare penalties, which is nearly double what the IRS collected in 2014. As in 2014, final IRS data may show an increase in these numbers when it is released. In 2016, the IRS reports that the average penalty paid was around $470 and that about 70 percent of payments were $500 or less, while only 7 percent of payments were $100 or less. There were 117 million tax returns of individuals who had qualifying health care coverage all year and 12.7 million taxpayers claimed an exemption to get out of paying the mandate. According to the IRS, the most common exemption occurs when a household’s income is less than the tax-filing threshold. This year, the IRS is easing requirements for Obamacare's individual mandate, after President Donald Trump signed an executive order requiring that federal agencies reduce the burden of Obamacare. Now, the IRS will not require taxpayers to indicate whether or not they have health insurance. The Internal Revenue Service did not respond to requests for comment by press time. free beacon ;

Those of us who had to pay a penality are not represented here. - Most of the people here get subsidies of some

[ In Reply To ..]
kind so don't care about others who lost their health insurance.

If people didn't get subsidies - they must have

[ In Reply To ..]
made a decent amount of money. Folks that really are being hurt on the ACA are in the republican states who didn't take the Medicaid expansion.

Do you think you would have benefited from the republican version of healthcare?

My opinion is national healthcare is the way to go but now I'll be called communist, socialist or whatever. I really don't care, that is the best way to go so we can all have healthcare.

Health insurance is not healthcare. - NM

[ In Reply To ..]
xx

I understand we live in a culture of hate and envy. No one asks - how are we going to pay for socialized medicine.

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They only care about their own pocketbooks. No competition means no market prices.

The far left has been very effective in demonizing anyone who wants to be self reliant.
We would pay for it with higher - taxes
[ In Reply To ..]
Just like the rest of the civilized nations that have it. So what!

You want to be self-reliant yet complain about the price of being self-reliant. Criticize national healthcare all you want but then you shouldn't complain about the price you pay when it's left up to insurance companies to set rates.
At least with insurance companies you have competition. If you - don't like one you can go with
[ In Reply To ..]
a cheaper one. That's why being able to buy across state lines is a good thing. More competition.
Another trickle - down
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theory. This has worked just so well for us hasn't it? The working class is paying higher prices while the rich get richer. Maybe when the GOP gets done with us that light bulb will go off that it doesn't work but I doubt it. We'll still hear it's Obama's fault or Hillary's fault or whoever the name of the day is.
Another thing I'v enoticed popping up are concierge - clinics. You have to pay cash
[ In Reply To ..]
and they list their prices for everything, including surgeries. They don't take govt programs so their prices reflect REAL market prices.

Self reliant people always find a way.
You can use your HSA's for this too. - NM
[ In Reply To ..]
NM
On that note, now you understand why people don't want - anymore socialized medicine. It's going to co
[ In Reply To ..]
WAY MORE than a wall - trillions. They only way to pay for that is through taxes.

The wall will pay for itself over time. The facts back this up.
What facts? How will the wall - pay for itself??
[ In Reply To ..]
I have not heard how it will pay for itself. Please share! Last I heard Mexico would be paying for it...yeah right!
Or tariffs that we will - be paying for - nm
[ In Reply To ..]
xx

Well maybe that money can go to the - stupid, overpriced wall!

[ In Reply To ..]
NM

Looking at the answers, it's just as I predicted. "You must have made too - much money" blah blah blah.

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It's not right that my health insurance cost more than my house payment!

Getting rid of the unconstitutional tax and HSA penalties from Obamacare are WONDERFUL!

Yet - sm

[ In Reply To ..]
trump and the republicans failed at this. Take it up with this administration. It was an awful substitution therefore failure.

How is one bill that didn't pass a failure? There will be - another bill. Besides, I'm old

[ In Reply To ..]
school. I believe in self reliance. It has nothing to do with politics.

The snowflake generation believes they are victims.
You have no idea - sm
[ In Reply To ..]
if another bill will be passed or not. He failed at his "we will repeal and replace Obamacare from day 1 I enter office". Whether it was just one bill doesn't matter, it was considered a failure.
This is just left talking points. - nm
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x
No it's a fact. - sm
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That's all.
Freedom Caucus saved us from the RINO trap, - which is just Obamacare 2.0
[ In Reply To ..]
The Uniparty is fighting back though.

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