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panader0

(25,816 posts)
Thu Jun 28, 2012, 09:01 PM Jun 2012

Question about the sliding tax rate in the ACA--

Those under 133% of the poverty level ($14,000 plus) pay nothing, if I understand correctly.
What are the rates and income levels after that?
It gradually increases by income, no? Anybody know about this?

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Question about the sliding tax rate in the ACA-- (Original Post) panader0 Jun 2012 OP
Here.... PoliticAverse Jun 2012 #1

PoliticAverse

(26,366 posts)
1. Here....
Thu Jun 28, 2012, 09:07 PM
Jun 2012

• Require U.S. citizens and legal residents to have qualifying health coverage. Those without coverage
pay a tax penalty of the greater of $695 per year up to a maximum of three times that amount ($2,085)
per family or 2.5% of household income. The penalty will be phased-in according to the following
schedule: $95 in 2014, $325 in 2015, and $695 in 2016 for the flat fee or 1.0% of taxable income in 2014,
2.0% of taxable income in 2015, and 2.5% of taxable income in 2016. Beginning after 2016, the penalty
will be increased annually by the cost-of-living adjustment. Exemptions will be granted for financial
hardship, religious objections, American Indians, those without coverage for less than three months,
undocumented immigrants, incarcerated individuals, those for whom the lowest cost plan option
exceeds 8% of an individual’s income, and those with incomes below the tax filing threshold (in 2009
the threshold for taxpayers under age 65 was $9,350 for singles and $18,700 for couples).


From: http://www.kff.org/healthreform/upload/8061.pdf

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