Affordable Care Act: Difference between revisions

Affordable Care Act (view source)

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 [[File:Excise taxes.jpg|thumb|right|upright=1.35|Excise taxes percentage 2015]]
-[[Excise tax in the United States|Excise taxes]] from the Affordable Care Act raised $16.3 billion in [[fiscal year]] 2015. $11.3 billion came from an excise tax placed directly on health insurers based on their market share. Annual excise taxes totaling $3 billion were levied on importers and manufacturers of prescription drugs.
+[[Excise tax in the United States|Excise taxes]] from the Affordable Care Act raised $16.3 billion in fiscal year 2015. $11.3 billion came from an excise tax placed directly on health insurers based on their market share. Annual excise taxes totaling $3 billion were levied on importers and manufacturers of prescription drugs.
 The [[Individual mandate]] tax was $695 per individual or $2,085 per family at a minimum, reaching as high as 2.5% of household income (whichever was higher). The tax was set to $0 beginning in 2019.<ref>{{Cite web |url=https://www.fool.com/taxes/2018/01/07/what-the-individual-mandate-repeal-means-for-the-a.aspx |title=What the Individual Mandate Repeal Means for the Average American - |last=Caplinger |first=Dan |date=January 7, 2018 |website=The Motley Fool |access-date=July 20, 2018 |archive-date=March 8, 2021 |archive-url=https://web.archive.org/web/20210308005204/https://www.fool.com/taxes/2018/01/07/what-the-individual-mandate-repeal-means-for-the-a.aspx |url-status=live }}</ref>