This Is Who Will Pay Fines Under the Obamacare Mandate

This Is Who Will Pay Fines Under the Obamacare Mandate:

.....what of the estimated 4 million Americans who likely will pay a fine in 2016 for noncompliance with the individual mandate?

They make up about 13 percent of the 30 million uninsured Americans projected for 2016, according to CBO and the Joint Committee on Taxation. They don’t get a break from the penalty under the Affordable Care Act, or Obamacare, because they:

• Live in the United States as legal citizens.
• Are law-abiding and not incarcerated.
• Are not members of an Indian tribe.
• Make enough money to file an income tax return.
• Make enough money to not be eligible for Medicaid.
• Make enough money so that potential health insurance premiums would not take up 8 percent of their entire salary.

The penalty becomes more severe each year, starting at $95 per U.S. adult (or 1 percent of taxable income, whichever is greater) this year, progressing to $325 (2 percent of taxable income) in 2015, and reaching $695 (2.5 percent of taxable income) by 2016.