Obamacare's provisions for those who choose to ignore the individual mandate and not get insurance coverage are fairly simple. Next year, families who don't have eligible insurance will pay $95 per adult and $47.50 per child, with the total amount for each family capped at $285 or 1% of income above the filing threshold, whichever is greater. In 2015, those figures go up to $325 per adult and $162.50 per child, with caps of $975 or 2% of income above the filing threshold. The following year, Obamacare imposes penalties of $695 per adult and $345.50 per child up to $2,085 or 2.5% of income above the filing threshold. For any month without coverage, you'll pay a twelfth of the penalty amount, although you can have up to a three-month gap in coverage without incurring a penalty.
Where things get tricky, however, is in determining who's exempt from having to pay the penalty. Low-income families whose total income falls below the threshold for having to file tax returns -- which hasn't yet been determined for 2014 but would be $10,000 for individuals and $20,000 for families if the provisions applied this year -- don't have to pay a penalty. Those who make more than those amounts have to calculate how much they'd have to pay out-of-pocket to obtain health insurance under the various subsidies available under Obamacare. If their net cost, after taking away any contributions their employer makes on their behalf, is more than 8% of their income, then Obamacare wouldn't impose a penalty.
This guy Obama makes Nixon look like an altar boy. If you are poor and you support this mother fracker you are in for a huge surprise when that Obamacare penalty hits you. Unless you are teh kind of person who likes to pay tickets you aren't going to like this fine. Employers are already cutting back workers hours so the fine will go to you not to them.