How Much Is The Obamacare Penalty Tax? - Business Insider Many Americans are furious that Obamacare will require them to buy health insurance. Most of these folks seem to hate the idea that Obama is forcing them to do something more than they hate the idea of shelling out money. But for those who also care about the money, here are the details. Less than $9,500 income = $0 $9,500 - $37,000 income = $695 $50,000 income = $1,000 $75,000 income = $1,600 $100,000 income = $2,250 $125,000 income = $2,900 $150,000 income = $3,500 $175,000 income = $4,100 $200,000 income = $4,700 Over $200,000 = The cost of a "bronze" health-insurance plan The IRS will collect the penalty-tax, a fact that will no doubt further enrage those who hate Obamacare. By the way, the following folks will be exempt from the penalty-tax: Those who make less than $9,500. Employees whose employers only offer plans that cost more than 8% of the employee's income Those with "hardships" Members of Indian tribes Members of certain religions that don't pay Social Security tax, such as Amish, Hutterites, or Mennonites. And, of course, Obamacare isn't free. So, whether you pay the penalty or not, you're going to have to pay a lot of other taxes to pay for it.