P@triot
Diamond Member
The Individual Mandate
In 2010, the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) estimated that 4 million people would pay the penalty in 2016 and that collections from those penalties would be about $4 billion per year between 2017 and 2019.
In 2012, the CBO and JCT updated their estimate of those paying the mandate to 6 million people in 2016, totaling $7 billion in tax revenue and growing to $8 billion per year from 2017-2022.
Surprise: Thats an increase of 2 million more uninsured people paying the penalty each year and about $3 billion more in tax collections annually.
Obamacare Surprises: The Individual Mandate
In 2010, the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) estimated that 4 million people would pay the penalty in 2016 and that collections from those penalties would be about $4 billion per year between 2017 and 2019.
In 2012, the CBO and JCT updated their estimate of those paying the mandate to 6 million people in 2016, totaling $7 billion in tax revenue and growing to $8 billion per year from 2017-2022.
Surprise: Thats an increase of 2 million more uninsured people paying the penalty each year and about $3 billion more in tax collections annually.
Obamacare Surprises: The Individual Mandate