Tax Penalty for being on Medicaid

Tax Penalty for being on Medicaid

Posted in the Paris Forum

Beware

Paris, TX

#1 Feb 1, 2013
On Tax form print out it says :

Eligibility Status: Medicaid

Approx. montly cost : 0

Potential Tax Penalty 2014: 95.00/yr

Potential Tax Penalty 2015: 325.00/ yr

Screw U Obama!
What

Paris, TX

#2 Feb 1, 2013
What does that mean?
Plain and Simple

Paris, TX

#3 Feb 1, 2013
In 2014 you will pay a 95.00 fine or a percentage of your income (i forget the percent) if you do not have medical insurance. The next year it goes to 325.00 or a percentage of your income. The insurance will cost well more than that, so if you can't afford it, you're SOL. You either buy a product you can't afford or pay a penalty and after you pay the penalty, you still dont have insurance. Oh, and to top it off...not only do you pay the penalty, but also forfeit your earned income credit if you have to pay the fine. Ain't Obama great?
No Joke

Antlers, OK

#4 Feb 1, 2013
Yes it will be interesdting how people handle this......They wanted him and his change.
No Joke

Antlers, OK

#5 Feb 1, 2013
interesting..
Lol

Paris, TX

#6 Feb 1, 2013
Guess y'all got what you wanted
HMM

Paris, TX

#7 Feb 2, 2013
Lol wrote:
Guess y'all got what you wanted
I'm not sure a lot of people on Medicaid voted for him or voted at all, but they will suffer for it like everyone else. So many of the people I know that did vote for the idiot are not on Medicaid, but will soon find that their "Savior" will get them too. More coming out of paychecks, taxes and their healthcare will be affected. The ones that are on every free thing they can get and that was their reason for voting for him will soon realize it's coming to an end and where will he be? Laughing on Pennsylvania Ave.
Silver Spurs

Paris, TX

#8 Feb 2, 2013
Time to turn off the oxygen and sleep with summer wine.
lol

United States

#9 Feb 2, 2013
i wonder if that is 1 fine per household or 1 fine for each member of household on medicaid?

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