The IRS fined more than 7.5 million Americans who didn’t have health insurance in 2014, even as Obamacare subsidies flowed to people who didn’t even exist.
The Treasury Department reported last week the number of Americans who faced fines because of the Affordable Care Act’s individual mandate was significantly higher than the Obama administration expected. For 2014, the IRS projected that roughly 6 million would face fines, but the final total was 1.5 million higher.
It was the first year in which buying health insurance was made mandatory under the ACA, with penalties of $95 or 1 percent of total income – whichever was higher – for people who did not comply.
The average penalty collected for the 2014 tax year was about $200, the IRS reported.
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3 comments:
Our government a big greedy slimy disguisting money sucking toilet..they fixed nothing!! and once again enriched the greedy corporations while sucking the barely surviving people dry. And taken another slice of our freedoms. Further Enslaving us to their worthless dollar
We are slaves. Don't pay your taxes they will take your freedom. Fact.
Another Liberal Progressive tax scam.
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