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Old 10-11-2012, 21:14   #361
douggmc
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Join Date: Feb 2007
Location: Orlando, FL
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Quote:
Originally Posted by Ruble Noon View Post
So, what if the guy doesn't pay the fine? Who pays for his coverage then? Remember, there is no penalty for not paying the fine.
I've already explained it twice. You are looking at it from a micro-economic standpoint ... if you will. The tax penalty is the carrot/stick in the macro-economic sense to get you to get the guy to insure himself.

No penalty for not paying the IRS? What world do you live in? Stick with me: If a person can afford to buy insurance, but doesn't, that implies they have met the income/net worth threshold for it to be required. They will be afforded a tax penalty. If they don't said penalty to the IRS, their wages will be garnished and/or liens placed on assets. Just like if you don't pay any other taxes to the fed gov.

Last edited by douggmc; 10-11-2012 at 21:19..
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