RIGHTWING LIE ALERT > IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family
What the IRS says is that its using for its calculation of the Shared Penalty the Average National Bronze coverage plan that can be found in Private Insurance which is ESTIMATED to be $20,000 a year for a Family Plan of 5...THIS IS NOT THE OBAMACARE BRONZE PLAN it is AN ESTIMATE OF THE PRIVATE INSURANCE BRONZE PLAN...currently in the Health Care Markets there are variously rated plans for all carriers OBAMACARE is using this plan estimate TO CALCULATE WHAT YOU WOULD PAY IF YOU DECIDE NOT TO HAVE THE COVERAGE...and guess what this is what you would pay:
A taxpayer must pay the shared responsibility payment for each month that the taxpayer or the taxpayer’s dependents lacked minimum essential coverage and did not qualify for an exemption.
The amount of the tax is the lesser of the applicable national average bronze plan premium or the sum of the monthly payment amounts.
The monthly payment amount equals one twelfth of the greater of
the fixed dollar amounts ($95 for 2014, $325 for 2015, and $695 for 2016) times the number of adults in the household and one half the specified amount times the number of children in the household, up to a maximum of three times the flat amount, or
the amount of the taxpayer’s household income in excess of the tax filing threshold times 1 percent for taxable years beginning in 2013 and 2014, 2 percent for taxable years beginning in 2014, and 2.5 percent for years thereafter.
This penalty payment is NOWHERE NEAR ANY $20,000 which is what the DECEPTION IS trying to get you to think
The tax is due when taxes are otherwise due and is assessed and collected like any other tax, except that taxpayers who fail to pay the tax are subject neither to criminal penalties nor to liens and levies.