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lumpy

(13,704 posts) Thu Jul 5, 2012, 03:32 PM Jul 2012

If health care mandate is a tax would it be a tax deduction?

Just asking

3 replies

= new reply since forum marked as read

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If health care mandate is a tax would it be a tax deduction? (Original Post) lumpy Jul 2012 OP

No, it's based on a flat fee/percent whichever is greater of gross income. Nuclear Unicorn Jul 2012 #1

Thanks lumpy Jul 2012 #2

The mandate would be, just not the penalty Bandit Jul 2012 #3

Nuclear Unicorn

(19,497 posts)

1. No, it's based on a flat fee/percent whichever is greater of gross income.

Reply to lumpy (Original post)

Thu Jul 5, 2012, 03:34 PM

Jul 2012

lumpy

(13,704 posts)

2. Thanks

Reply to Nuclear Unicorn (Reply #1)

Thu Jul 5, 2012, 03:40 PM

Jul 2012

Bandit

(21,475 posts)

3. The mandate would be, just not the penalty

Reply to lumpy (Original post)

Thu Jul 5, 2012, 04:40 PM

Jul 2012

If you buy Health Insurance you get a tx deduction for doing so, whether you are forced to or not.. The penalty assesed for not buying health insurance is not deductable though..

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