3 ms·

Taxes are taken out of money I make or spend. This is funded by fines I owe whatever I do. Sorry, I'm not sure I see the difference. At the worst, this is an

Taxes are taken out of money I make or spend. This is funded by fines I owe whatever I do. Sorry, I'm not sure I see the difference. At the worst, this is an increase of 2.5% in your taxes unless you do something (buy insurance) to avoid it. They might well call it a fine but in both cases its just paying a percentage of what you make. You might not like this increase, but thats a separate point. Let me know if I'm missing something though... Edit: I think they are calling it a fine so that people will avoid it as much as possible in an effort to make sure people purchase health insurance.

ckinnan 17y ago
Just to clarify-- the percentage increase in your taxes is much higher than 2.5%-- a 2.5% new tax rate is probably a 5 or 7% increase depending on your existing tax burden.
- jbarciauskas 17y ago
  That doesn't clarify anything, it took me about 30 seconds to figure out what it was you are trying to say. It's pretty simple to understand the penalty is 2.5% of your income, most people don't think in terms of their existing effective tax rate.