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REUTERS/JONATHAN BACHMAN

Treasury officials have announced that 3-6 million people will be forced to pay the Obamacare tax penalty for not having health insurance in 2014. This is the first time the Treasury Department has given such an estimate.

The penalty is $95, or 1% of income above a certain threshold (roughly $20,000 for a couple). So you could end up owing the IRS a lot of money.

Take a married couple with $100,000 in income – their bill comes to $797, according to the Tax Policy Center ACA penalty calculator.

Written by DAN RIEHL- Breitbart
Read more at Breitbart

One thought on “OBAMACARE TAX PENALTY TO HIT MILLIONS”
  1. The hits will not stop coming, even if you DO have OCare…
    My wife, God bless her, complied with the ‘law’, and got it. She put me in for it too, unbeknownst to me… the tax payers pay for 90 percent of our health insurance. Makes me mad to admit it. But now, we get a tax statement saying we made 6k more last year then we ‘made’. Tranfer payments to an insurance company under our names…
    Puts you in another tax bracket, goodbye refund. F* you Obama and the IRS… burn it down, start over.

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