- 6.6 million U.S. taxpayers paid a penalty imposed for the first time this year for not having health insurance.
- That is 2% of the population of the United States.
- In January, the Treasury Department projected that 6 million taxpayers would pay the fine.
- The average penalty was $190.
- 300,000 taxpayers overpaid the penalty by a total of $35 million by failing to accurately apply one of the, now, 32 exemptions to the mandate.
- The average overpayment was a little more than $110.
- And the IRS has not yet decided if it will issue a refund for those overpayments or pocket the cash.
- 10.7 million taxpayers did make use of one of the 32 exemptions.
- In contrast to the 6.6 million fined for not purchasing healthcare, 2.6 million Americans received an average of $3,000 each to buy a PPACA Exchange plan.
Note: ISRP is government speak for "tax." The IRS calls the individual mandate penalty/tax an "Individual Shared Responsibility Payment." George Orwell is proudly chuckling in his grave. |
Sources:
- National Taxpayer Advocate Reviews Filing Season and Identifies Priority Areas and Challenges in Mid-Year Report to Congress.
- Anna Edney writing at Bloomberg, "Obamacare Fine Paid by 6.6 Million Taxpayers, Above Estimate."
- IRS Publication: The IRS’s Administration of the Affordable Care Act Has Gone Well Overall, But Some Glitches Have Arisen.