How many truly understood the full impact of this penalty. There are going to be a lot of shocked/livid taxpayers learning that their penalty is not just a paltry $95.00 which was the number thrown around, but 1% of one's income over a certain threshold, roughly $20,000 for a couple. If such a couple were making $100,000, they would need to fork over roughly $797.00. Now, we are talking some serious money for the average taxpayer.
