Stop Me Before I Vote Again

"Penalty:
The annual penalty for not having minimum essential coverage will be the greater of a flat dollar amount per individual or a percentage of the individual’s taxable income. For any dependent under the age 18, the penalty is one half of the individual amount.

The flat dollar amount per individual is $95 in 2014; $325 in 2015 and $695 in 2016.After 2016, the flat dollar amount is indexed to inflation. The flat dollar penalty is capped at 300% of the flat dollar amount. For example:

o A family of three (two parents and one child under 18) would have a flat dollar penalty of $1737 in 2016;

o A family of four (two parents and two children over 18) would have a flat dollar penalty of $2,085 in 2016 because the 300 % cap would apply.

The percentage of taxable income is an amount equal to a percentage of a household’s income (as defined by the Act) that is in excess of the tax filing threshold (phased in at 1% in 2014; 2% in 2015; 2.5% in 2016). For example:

o If an individual has a household income of $50,000, the percentage would be 1% of the difference between $50,000 and the tax threshold (which is $9,350 for an individual in 2010). Assuming the tax threshold is $10,000 in 2014, this individual would be subject to a percentage penalty of $400. Because this percentage penalty is greater than the flat dollar penalty for 2014 (which is $95), he would pay the percentage penalty.

Generally, the annual penalty is capped at an amount equal to the national average premium for qualified health plans which have a bronze level of coverage available through the state Exchange."

Simple, huh? Why, any child could understand it.

Indeed there seems to be some patrolling (not to say troll-patting) going on. But attention is always welcome.

yes it's absolutely venal.

Venal, just like: doing away with wage earner IRS Income Averaging (which would have spared millions, thousands they could ill afford); legalized obscene Transfer Pricing agreements for multinational corps; transfering safety net disability and unemployment payments onto endless fee inventing and sucking bank debit cards, while nefariously tossing yet another postal revenues devastating bomb at the public service "Post Office" (despite those bank's long and unpunished record of malevolence against 'citizens' and despite the fact that it seems that should be considered an illegal STATE FORCED CONTRACT of opening an account with a bank one would have never opened if they had any control over it), et al.

All VENAL.

It seems those in control can't wait for the rest of us to shut up or die.

Don't worry the 'Lefty' Lib/Pwogs will keep assuring everyone this is a great piece of legislation. You will learn to love it when all of the good stuff kicks in sometime in the future.

They're all really *convinced* it's a great piece of legislation, apparently because of the pre-existing condition thing. Which wasn't even up for review, was it?

@MJS "convinced" yes. Most also seem to be in denial that the bailouts and this ACA are what cost them the last election and likely the next.

At a quick glance, I read the headline as, "Mandate Violation Party." Which immediately led me to wonder: When? Where? Can I come?

I *want* that Martini.