How can anyone justify charging this much money as a penalty for not buying health insurance?
The penalty for 2017 is the greater of:
* $695 for each adult and $347.50 for each child, but no more than $2,085 per family, OR
* 2.5% of your family yearly taxable income, but no more than the national average annual premium for a bronze plan sold through the Marketplace
http://www.webmd.com/health-insurance/tax-penalties-aag* $695 for each adult and $347.50 for each child, but no more than $2,085 per family, OR
* 2.5% of your family yearly taxable income, but no more than the national average annual premium for a bronze plan sold through the Marketplace
A typical nuclear family with two parents and two kids would have to pay $2085 per year or more if they earn enough. Uninsured people have to pay this tax and they get literally nothing in return. Is this insane or am I insane?
