If you don’t have health insurance: How much you’ll pay

[timosman]

https://www.healthcare.gov/fees/fee-...being-covered/

Is this still in place?

The fee is calculated 2 different ways – as a percentage of your household income, and per person. You’ll pay whichever is higher.

Percentage of income

2.5% of household income
Maximum: Total yearly premium for the national average price of a Bronze plan sold through the Marketplace

Per person

$695 per adult
$347.50 per child under 18
Maximum: $2,085

[angelatc]

Legally yes but Trump made the IRS accept the silent returns:

http://www.fa-mag.com/news/can-taxpa...ump-32015.html

[Anti Federalist]

Legally yes but Trump made the IRS accept the silent returns:

http://www.fa-mag.com/news/can-taxpa...ump-32015.html

I'd be wary of getting slapped with ex post facto fines after the leftist coup removes Trump.

[presence]

Why MRI scan in US cost $3000 when exact same MRI scan in India cost Rs3000 if Rs/USD exchange rate is 0.016

????

[angelatc]

I'd be wary of getting slapped with ex post facto fines after the leftist coup removes Trump.

Yes, that's what the tax preparers advise people.

[Anti Federalist]

Why MRI scan in US cost $3000 when exact same MRI scan in India cost Rs3000 if Rs/USD exchange rate is 0.016

????

[timosman]

Yes, that's what the tax preparers advise people.

How will the future IRS prove you didn't have an insurance back in 2016-2020?

[angelatc]

How will the future IRS prove you didn't have an insurance back in 2016-2020?

There's a form you have to attach. Your employer or the exchange provides it. If you get audited, and the form is not there, they will assess the penalty. It's just like any other audit item.

[oyarde]

How will the future IRS prove you didn't have an insurance back in 2016-2020?

They have papers for that . No papers ? Off to the chain gang .

[timosman]

There's a form you have to attach. Your employer or the exchange provides it. If you get audited, and the form is not there, they will assess the penalty. It's just like any other audit item.

What if the exchange you were with collapsed and is no longer in place?

[angelatc]

What if the exchange you were with collapsed and is no longer in place?

THey would have sent you the form at the end of the tax year. You play coy all you wish, but they don't $#@! around with all that. When it comes to the audit, you're guilty unless proven innocent.

If you don't have the form, you'll be assessed the tax. It isn't complicated.

[timosman]

THey would have sent you the form at the end of the tax year. You play coy all you wish, but they don't $#@! around with all that. When it comes to the audit, you're guilty unless proven innocent.

This goes against the 5th amendment.

If you don't have the form, you'll be assessed the tax. It isn't complicated.

Is it legal? The Trump administration sets a precedence by deeming the tax non-mandatory.