Posted on 07/03/2012 7:22:40 PM PDT by Smokeyblue
IRS officials on background tell FOX Business the U.S. Supreme Court ruling on health reform gives the IRS even more powers than previously understood.
The IRS now gets to know about a small business's entire payroll, the level of their insurance coverage -- and it gets to know the income of not just the primary breadwinner in your house, but your entire family’s income, in order to assess/collect the mandated tax.
Plus, it gets to share your personal info with all sorts of government agencies, insurance companies and employers.
And that's just the tip of the iceberg. "We expect even more lien and levy powers," an IRS official says. Even the Taxpayer Advocate is deeply concerned.
The IRS army will inexorably increase in size, too. The IRS will now add new agents to hunt down tax cheats, as it has been budgeted to spend $303.5 million building a new system, erected on the back of its old system, to oversee the effects of the health law, including making sure people get the new tax credits they deserve under the law.
As for the new IRS workers, the Government Accountability Office said the total will be about 4,500, with nearly 4,000 slated for enforcement.
On the $303.5 million for health care, the GAO said the IRS will “continue the development of new systems and modifications of existing systems as well as other IRS enforcement systems for health reform."
Throughout, the IRS will be the agency enforcing the law, collecting these mandate penalties, as well as determining whether individuals buy “adequate” health coverage, and whether small businesses provide “affordable” coverage to workers under the new law.
(Excerpt) Read more at foxbusiness.com ...
And that's just the tip of the iceberg. "We expect even more lien and levy powers," an IRS official says. Even the Taxpayer Advocate is deeply concerned.
FUJR
If you’re happy and you know it clank your chains (CLANK CLANK)...
We’ve been had.
The American Revolution was fought for less than this!
The American Revolution was fought for less than this!
Does anyone still believe that we the people have any rights? In today’s world, is secession still impossible? Is this our last Independence Day as a free people?
IF SECESSION NOT BE, THEN REVOLUTION MUST.
your money or your life
You thought businesses offshored before??? You just wait. Businesses are going to FLY out of this country now.
Our economy is down and Roberts and Obama have just given it a good swift kick in the nuts.
The markets hate uncertainty and there has never been anything more uncertain than this garbage.
Hells Bells, gotta be a lawyer just to read the news article about the damned thing!
And the govt is going to make out like a bandit on this deal. All these fines and penalties go right into the black maw of the govt. I know, I know. Such a deserving bunch.
I am actually looking forward to this part of the POS legislation.
I told my friends about this intrusive invasion of their whole personage and they all denied it. Weepy eyed as they were with their patronage of the “won”.
I say if Dick Muckonnell, Boehner, Can’t-or ... et all are resigned to this then bring it baby.
I say bring it and burn it all down.
I can’t believe how many friends from the left are actually complaining about the free loaders, of late.
I mean they are carping left and right and some of them know Castro personally.(not kidding either. I hang out with some odd folk but they don’t think some of their pablum through).
My friends are actually naming numbers and percentages, like we do, of the crap they have to pay for.(We all earn more than minimum tax wage $75k+ and pay our “fair share”)
They are pissed and don’t know where to go for redress.
They can’t very well become Republicans “They are mean!”....I actually heard that tonight and had to respond “We are the adults in the room you are acting sophomoric, adolescently and living in a dream world that the math for your vaunted dreams of euphoria will ever equal a Pathagorian and unassailble outcome.
The friggin numbers don’t work.
Join me and let’s make American work....or do you want to work for half of American and in ten years you will be working for 60% of America. Is that a just outcome? Is that a sensible outcome?
They mostly stared at me and somehow the subject changed.
Fine, seemed complicated to even me...
To the SCOTUS ping list:
This article isn’t about the Obamacare SCOTUS ruling. It’s about IRS enforcement of the tax/penalty. It details the new information taxpayers must provide to the IRS and gives some examples of assessed penalties and how they’ll be calculated under the law.
It’s very informative. Read it if you have time.
REGULATE -—— CONTROL -—— DESTROY
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