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How big is the individual mandate tax?

July 11, 2012

The Congressional Budget Office predicts that approximately 20 million Americans will either pay the tax or be forced to buy insurance that they otherwise wouldn’t purchase.  Only two states in the U.S. have more than 20 million people – California and Texas.  So despite the Obama Administration’s claim that few Americans will be impacted by this new tax, 20 million Americans, most of whom are middle-income, will soon beg to differ.