Monday, July 4, 2011

Is this mandatory health insurance a tax or is it a fine

Is this mandatory health insurance a tax or is it a fine?
Obama stated that he would not add any taxes to the middle class working man/woman. However he has stated that it will mandatory that everyone pays for health insurance or they will be fined. Now everyone knows you have no Choice but pay taxes. So if it mandatory that you buy health insurance.

Doesn't that make it a tax? neither one of the first two answers even tried to answer the question. Please stick to the question.
United States - 4 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Nope. It's about taking care of yourself. If you don't have healthcare coverage and get sick or injured, my tax dollars will be wasted on your care. Screw that! You drive the speed limit or get fined. You pay your taxes or get fined. Personal responsibility, baby! I did answer your question. "Nope." Means that it's neither a tax nor a fine.
2 :
So, if you skip on health insurance and get sick, why should my tax dollars be spent to make you well again? You pay for yourself, one way or another. You're not paying the government, so it's not a tax. And if you buy insurance, it's not a fine. So it's NEITHER. It's no more "tax" nor "fine" than mandatory auto insurance is.
3 :
I think what you are asking is if it is theoretically a tax. And the answer is yes. Example: Excise tax is billed each year as a way to create a pool of funds for use in road repair. The nicer the car you have (ie. the more money you have) the higher your excise tax bill. Although you paid more money for road repair because of your brand new Audi, the person that drives a 1982 Toyota Corolla will be able to drive on the same roads as you. When you buy your health insurance plan, anyone with a high income will be paying more than someone with little or no income. We all drive on the same roads and we will all get the same health care. As for the fine aspect. If drive on the roads without paying your excise tax bill you can receive a ticket. If you get caught living your life without health insurance you will receive a ticket. This is basically a step towards government run and funded (by a health insurance TAX) health insurance as they have in other countries. Disclaimer: I drive a Mazda.
4 :
Nothing has been passed by Congress, so your question cannot be answered.

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