Defining Affordable Care – A Tax Season Dilemma
This year, as I was doing my taxes, I got to wondering what is up with the healthcare “Personal Responsibility Tax” for the uninsured, and whether or not low income people really have to pay it. This mostly affects the self-employed and people without coverage through their employers, but that’s a few people, so it seemed worth investigating. As it turned out, finding out how to claim an exemption was most of the battle, and a battle it was with many spreadsheets and worksheets and interactive tax tools to be filled out. The answer I arrived at was “no” — unless you make more than $53,737 (as a single person), you’re not required to pay the uninsured person’s tax. This is because you are not required by law to expend more than 8.05% of your income to buy h




