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.
If you don't buy health insurance, you may have to pay a penalty when you file your annual income taxes. There are two ways the government will calculate what you owe when you file your taxes. You have to pay whichever amount is higher. The penalty for 2017 is the greater of: $695 for each adult and $347.50 for each child, but no more than $2,085 per family, OR. 2.5% of your family yearly taxable income, but no more than the national average annual premium for a bronze plan sold through the Marketplace.