October 10, 2012
September 23, 2012
September 20, 2012
Six million Americans will pay the health care tax rather than obtain coverage under President Obama’s health care law, according to a new Congressional Budget Office estimate Wednesday — a 50 percent increase over CBO’s estimate of just two years ago.
CBO also said there will be 30 million people without insurance, though all but the 6 million will be exempt from the tax. The exempt residents are a combination of illegal immigrants and those with incomes too low to pay income taxes.
The agency said the government will collect about $7 billion from the tax in 2016, and $8 billion a year thereafter.