Front cover of Electrolux Factory News from November 25, 1944. A graphic representing the Army Navy E Pennant is to the left of the publication title. It recognized the contribution to war production by the factory and its employees. The pennant was also flown above the facility.
The penalty tax for going without health insurance by year is: 1  2014 insurance penalty fee: $95 per person. 2  2015 insurance penalty fee: $325 per person. 3  2016 insurance penalty fee: 2.5% of income or $695 per person or whichever is higher.
Starting in 2015, when you file your tax return for the previous year, you will report whether you and your family members had health insurance coverage. The exact forms you will file have yet to be determined, Sutton says.Details will be clarified as 2015 approaches.f you did not have health insurance in 2014 and also are not exempt from the mandate, you will pay a tax penalty. At first, the penalty will be small, but it will grow each year. â¢ In 2014, the penalty will be $95 per person or $285 per family of three or more, or 1 percent of taxable income, whichever is greater.