I think that millions will choose not to sign up for Obamacare.
I also don’t know, but have wondered, how will the IRS enforce Obamacare, administer the fines, etc. for the 47% of people who don’t pay federal income tax? I know that some of that 47% still file income tax returns, but suppose you don’t file tax returns at all? Would you be in the IRS database in the first place, in order for them to levy the fine? What about all these people who work under the table?
The enforcement through the IRS makes a certain amount of sense if you can assume that everyone files income tax returns, but doesn’t make sense considering that huge numbers aren’t required to file.
Does anybody know if those who don’t pay taxes are now required to file a return?
RE: but suppose you dont file tax returns at all?
Well, the IRS is supposed to go after you, right?
That’s what got Wesley Snipes in prison.
The penalty is non-existent for someone with a low income. So for those who aren’t required to file the whole thing is a non-issue, generally.
Also the whole thing depends on people having a checking account. They didn’t factor in many folks don’t have one. Because of back taxes...back child support...default credit cards they’re s rightfully scared of getting it seized. Why do yo think there are so many currency exchanges?