How long are our esteemed lawmakers going to wait before they do something about this ridiculous law?
8.1 Million Taxpayers Paid $1.7 Billion in Obamacare Penalties in 2014
Nearly 8.1 million taxpayers paid $1,694,088,000 in Obamacare penalties for not having health insurance in 2014, the first year the penalty was in effect, according to the most recent data from the Internal Revenue Service.
IRS Commissioner John Koskinen told lawmakers in 2015 that preliminary data from the IRS found that approximately 7.5 million taxpayers paid a total of $1.5 billion in penalties. This means about 560,000 more taxpayers paid about $200 million more in penalties
Around four million individuals are estimated to pay $4 billion in penalties this year, according to the Congressional Budget Office. The budget office projects that $5 billion will be collected each year from 2017 to 2024.
“As Obamacare continues to unravel, things will only get worse,” Cotton said. “The legacy of Obamacare is skyrocketing premiums, unaffordable deductibles, the destruction of the individual insurance market, and tax penalties on Obamacare’s victims.”
“Obamacare penalizes taxpayers who can no longer afford insurance that Obamacare made unaffordable.”
http://freebeacon.com/issues/8-1-mi...ail&utm_term=0_b5e6e0e9ea-6c2b84bbbb-22930469
8.1 Million Taxpayers Paid $1.7 Billion in Obamacare Penalties in 2014
Nearly 8.1 million taxpayers paid $1,694,088,000 in Obamacare penalties for not having health insurance in 2014, the first year the penalty was in effect, according to the most recent data from the Internal Revenue Service.
IRS Commissioner John Koskinen told lawmakers in 2015 that preliminary data from the IRS found that approximately 7.5 million taxpayers paid a total of $1.5 billion in penalties. This means about 560,000 more taxpayers paid about $200 million more in penalties
Around four million individuals are estimated to pay $4 billion in penalties this year, according to the Congressional Budget Office. The budget office projects that $5 billion will be collected each year from 2017 to 2024.
“As Obamacare continues to unravel, things will only get worse,” Cotton said. “The legacy of Obamacare is skyrocketing premiums, unaffordable deductibles, the destruction of the individual insurance market, and tax penalties on Obamacare’s victims.”
“Obamacare penalizes taxpayers who can no longer afford insurance that Obamacare made unaffordable.”
http://freebeacon.com/issues/8-1-mi...ail&utm_term=0_b5e6e0e9ea-6c2b84bbbb-22930469
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