Who pays the Obamacare individual mandate tax?
Created on August 27, 2014
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Read the original report, "Who Will Have to Pay Obamacare’s Individual Mandate Fine?" by Alyene Senger.
In 2016, about 4 million people are projected to pay the Obamacare individual mandate tax. Nearly 70 percent of those will earn less than 400 percent of the federal poverty level (FPL) ($46,680 for an individual in 2014), and some even live in poverty.
Source: Congressional Budget Office, “Payments of Penalties for Being Uninsured Under the Affordable Care Act: 2014 Update,” June 2014.
Tags: Obamacare, individual-mandate, tax