In the end, 6.6 million taxpayers paid a penalty imposed for not having health insurance, which is roughly 10% more than what the Obama administration had predicted. The average penalty was $190. What was interesting was that about 300,000 taxpayers overpaid the penalty, as most should have received an exemption for their low income. Bloomberg reports that the
“IRS has not decided yet whether to issue a refund for the overpayments” Say what?
They Paid the Penalty…so who lost?
August 14, 2015