Tuesday, September 27, 2016

It's only money [UPDATED]

[Scroll down for update]

The ostensibly toothless Individual Mandate seems to have hit more people in '14 than previously reported.

A lot more:

"[A]bout 560,000 more taxpayers paid about $200 million more in penalties than was previously reported"

That upped the total for the year to $1.7 billion, and graphically demonstrated (as if this weren't obvious from the git-go) just how "sustainable" the ObamaTax isn't.

To help mitigate the pain, several senators have introduced the Obamacare Tax Relief and Consumer Choice Act under which, if passed and signed into law [ed: Heh], "individuals would not have to pay the penalty if health insurance premiums in their state rose by 10 percent or more or if they could not afford deductibles."

Exit question: Why won't the Powers That Be tell us how many folks actually paid the penalty (in cold hard cash) as opposed to having it withheld from their refunds?

[Hat Tip: FoIB Holly R]

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