Penalty for not getting health insurance called a tax

| Print |  Email
Must Reads
Tuesday, November 19, 2013

Beginning in 2014, if you lack health coverage, you face an annual penalty deemed a tax by the U.S. Supreme Court.

The feds call the tax a shared responsibility payment. For ease of use, many of us in the media and readers have seized upon the penalty for singles - $95 for all of 2014 - as reason to forgo coverage that will cost more than $95 a month.

But it's not that simple, as Roberton Williams of the Tax Policy Center pointed out last week, for a number of reasons.

Your penalty will likely be more than $95. In fact, if you're single and make more than $19,650 next year, you'll owe more. And in future years, you'll owe considerably more, depending on your income.

Read more at OregonLive.com.

 

More Articles

Downtime with John Helmick

June 2015
Tuesday, May 26, 2015
BY JACOB PALMER

Live, Work, Play: CEO of Gorilla Capital.


Read more...

Undersea Power

June 2015
Friday, May 22, 2015
BY JACOB PALMER

Mike Morrow and Mike Delos-Reyes first came up with the idea of an ocean power device 23 years ago, when they were students at Oregon State University. They realized a long-held vision last summer, when their startup, M3 Wave, successfully launched the first ocean power device that works underwater.


Read more...

The ancient fish that stops bullets

The Latest
Friday, May 08, 2015
hagfishthumbBY CHRIS NOBLE | PHOTOS BY JASON E. KAPLAN

Hagfish may not have evolved much over the last 300 million years, but their protein-heavy slime promises advances in super-materials.


Read more...

The Good Hacker

May 2015
Friday, April 24, 2015
BY CHRIS HIGGINS

As digital security breaches skyrocket, a cybersleuth everyman takes center stage.


Read more...

Frothy Battle

June 2015
Friday, May 22, 2015
BY ROBERT MULLIN

Latest development in Nestlé plant saga sparks debate about the value of water.


Read more...

Much ado about data-driven organizations, for good reason

Contributed Blogs
Monday, April 13, 2015
bigdatathumbBY GRANT KIRBY | OP-ED CONTRIBUTOR

The mega-shift from technology-driven to data-driven organizations raises questions about Oregon’s workforce preparedness.


Read more...

5 ways successful people kickstart the day

The Latest
Thursday, April 02, 2015
coffeethumbBY JACOB PALMER | DIGITAL NEWS EDITOR

Are mornings the most productive part of the day?  We ask five successful executives how they get off to a good start.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS