Obamacare penalty regressive, will cost most uninsured at least $1,000
Steve Ciccarelli of Annandale, Va., right, a proponent of President Barack Obama’s health care law, argues with opponent on the issue, Susan Clark, of Washington, outside the Supreme Court in Washington, Thursday, June 28, 2012. (AP Photo/David Goldman)
From The Daily Caller, By Michael Bastasch, July 25, 2012 – The penalty imposed by the Affordable Care Act on citizens who elect not to purchase health insurance will be at least $1,000 for most people, and more than $12,000 for high-income earners, according to an analysis by the nonpartisan Tax Foundation.
“We can see that this is a big tax, particularly on the poor,” writes the Tax Foundation’s William McBride. “Higher income families generally pay a higher amount, but actually a smaller percent of their income, making this a regressive tax.”
Parker County Blog 