Tag Archives: tax

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 , 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.”

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