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Some additional thoughts on the ObamaTax
Friday, December 11, 2015 7:50
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Yesterday, we discussed the utter futility of the penalty/tax/fine/pumpkin as an inducement for folks to buy over-priced ObamaPlans vice paying a basically nominal amount for failure to “comply.”
It occurs to me, though, that there’s an inherent flaw in how the ObamaTax is actually calculated and applied:
One’s premium and subsidy (if applicable) are based in part of where one lives (zip code, county), but the penalty is simply a flat percentage of income regardless of one’s location. This seems completely capricious and unjust: that percentage of income is going to have a much bigger effect on folks in certain areas where the cost of living is higher.
So how come no one’s taken up this battle (yet)?
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Source: http://insureblog.blogspot.com/2015/12/some-additional-thoughts-on-obamatax.html
