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IRS: Employers Face $36,500 Per Worker Tax for ´Obamacare Dumping´
Breitbart´s Big Government, ^ | 5/27/14 | Wynton Hall

Posted on 05/26/2014 10:47:17 PM PDT by Nachum

The Internal Revenue Service ruled it will impose a tax penalty on employers of up to $36,500 per worker for dumping employees into the Obamacare exchanges. The New York Times, which broke the story, reports: When employers provide coverage, their contributions, averaging more than $5,000 a year per employee, are not counted as taxable income to workers. But the Internal Revenue Service said employers could not meet their obligations under the health care law by simply reimbursing employees for some or all of their premium costs. The IRS ruling is an effort by the Obama administration to stop employers with 50 or

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: employers; irs; obamacare; tax
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To: Nachum

Hey Boehner, the IRS just declared you irrelevant! Now Obama can work with the IRS to implement his budget. Cry on that!


21 posted on 05/27/2014 1:45:39 AM PDT by RginTN
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To: dila813

It’s the part where they wrote into the law that the secretary can do whatever she/he wants, whenever she/he wants.


22 posted on 05/27/2014 2:53:08 AM PDT by Bluebird Singing
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To: RockyTx
the headline is misleading.

employers have these options.

dump employee coverage,

and pay a $2000 a year fine

....................................

above, but give more $$ to employee so employee can join Obamacare...

pay a $2000 a year fine, the added $$ is treated as ordinary wages.

...................

pay for employee’s Obamacare with pre-tax money,

and pay a $100 A DAY fine (36500)

Ot cut back # full-time equivalent employees to less than 50, or cut back employees to 29 hours/week, pay a $0 year fine, $0 a day fine? Hmmmmmmm.

23 posted on 05/27/2014 3:47:45 AM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: Nachum

Bump


24 posted on 05/27/2014 3:48:14 AM PDT by lowbridge
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To: Nachum

The IRS will get the point of the spear, and soon.


25 posted on 05/27/2014 3:55:40 AM PDT by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: Sequoyah101

You must have a million dollar property or live in Austin.


26 posted on 05/27/2014 3:57:10 AM PDT by rodguy911 (FreeRepublic:Land of the Free because of the Brave--Sarah Palin our secret weapon)
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To: Nachum

But,,,,but.....Obama has stated many times, if you like your Obamacare dumping, you can keep it!/S


27 posted on 05/27/2014 4:15:39 AM PDT by Candor7 (Obama fascism article:(http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html))
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To: Nachum

I’m reminded of the old saying about Communists using guns to keep people from leaving their countries.....except substitute “IRS/fines” for “guns”.


28 posted on 05/27/2014 4:33:36 AM PDT by cincinnati65
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To: Nachum

Another fun feature of Obamacare we only got to see after passing it.

As for you Obama worshippers viewing these posts via Google and other media, please accept my cordial invitation to go f**k yourselves. You may as well... you’ve certainly f**ked the country.

To the end of my days, I will blame and detest you... every last one of you.


29 posted on 05/27/2014 4:57:50 AM PDT by ScottinVA (Obama is so far in over his head, even his ears are beneath the water level.)
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To: Eagles6
"The IRS / Regime can't just impose taxes or penalties not passed by Congress."

Exactly what line of what law gives the IRS the authority to impose this tax? Everyone screams about it, but just like a question to Obozo, the answer never come it seems.

30 posted on 05/27/2014 5:10:28 AM PDT by I am Richard Brandon
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To: RockyTx

Or make a donation to Democrats and get an exemption.


31 posted on 05/27/2014 5:27:31 AM PDT by Darth Reardon (Is it any wonder I'm not the president?)
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To: coloradan

Today you are lucky to get 5 mins with a Internist, 10 with a Specialist. They don’t even know their drugs, or know the FDA warnings. I have a specialist and an Internist both shilling OP drugs. POISON. FDA warning on the lot.

Foreto warnings
http://medsfacts.com/study-FORTEO-causing-TREMOR.php

FDA ALERT RECLAST higher risk of Kidney Failure and A Fib.
http://www.natap.org/2011/newsUpdates/090911_03.htm

Reclast UPS kidney failure, A FIB risk.
http://www.webmd.com/osteoporosis/news/20110901/fda-osteoporsis-drug_ups-kidney-failure-risk

More Evidence Confirms Bisphosphonates (e.g. Fosamax, Boniva) are Not Your Bones’ Best Friends
http://www.algaecal.com/bone-health-news/more-evidence-confirms-bisphosphonates-e-g-fosamax-boniva-are-not-your-bones-best-friends/

Safety update for osteoporosis drugs, bisphosphonates, and atypical fractures
http://www.fda.gov/drugs/drugsafety/drugsafetypodcasts/ucm229800.htm

Information for Healthcare Professionals: Bisphosphonates (marketed as Actonel, Actonel+Ca, Aredia, Boniva, Didronel, Fosamax, Fosamax+D, Reclast, Skelid, and Zometa)
odanacatib
http://saveourbones.com/alert-odanacatib-drug-trial-ended-early/

New Study Top selling drugs double fracture risk
http://saveourbones.com/new-study-these-top-selling-drugs-double-fracture-risk/

Side effects of bisphosphonates
http://www.cancer.ca/en/cancer-information/diagnosis-and-treatment/chemotherapy-and-other-drug-therapies/bisphosphonates/potential-side-effects/?region=nu

Both available from Amazon at reasonable rates, easy to understand too. I’d start with 1 then 2.
Your Bones: How You Can Prevent Osteoporosis and Have Strong Bones for Life - Naturally Lara Pizzorno 2013

The Whole Body Approach to OP
R. Keith McCormick

I remember when you paid for doctor, meds, your ins did not cover it. It covered OR, In hospital, or ER with a deductible.

Medicare/Tricare Life paid a whole 28 cents to the Gastro the last office visit of 30 mins, he is old fashion, he spends time with his patients, and they wonder why doctors are dumping Seniors.


32 posted on 05/27/2014 6:21:08 AM PDT by GailA (IF you fail to keep your promises to the Military, you won't keep them to Citizens!)
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To: Nachum

A while back they were forcing employers to sign an affidavit stating that they weren’t making hiring/firing decisions based on Obamacare.


33 posted on 05/27/2014 6:22:14 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: BenLurkin

“belong”, no - that would be socialism.

These people are fascists.

All your business are CONTROL by government.

(Yes, “Engrish” grammar is intentional)


34 posted on 05/27/2014 6:23:25 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: garjog

How long before they MANDATE we have tests, vaccines or meds for prevention of diseases that come with age and poor diets?

Not taking into account a persons own health history. I am the SIDE EFFECT QUEEN when it comes to drugs. 95% on the market and I’ll react to them, in very unpleasant ways.

And they can keep their OP POISONS! With the FDA Warnings doctors ignore. Also their Fibromyalgia POISONS that mimic it. And is Highly ADDICTIVE.


35 posted on 05/27/2014 6:24:56 AM PDT by GailA (IF you fail to keep your promises to the Military, you won't keep them to Citizens!)
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To: Nachum

Wait until - like France - they figure out how to impose a similar tax for dumping employees onto the unemployment rolls.


36 posted on 05/27/2014 6:29:14 AM PDT by Mr. Jeeves ([CTRL-GALT-DELETE])
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To: funfan

Rethink State Income tax free TN. Just watch where you relocate. Stay out of the DEM zones of Nashville and Memphis.

We are in Atoka, TN just 22 miles over the Tipton Co line, low property taxes, lower car ins, lower utility bills. Even license plates are lower, NO WHEEL tax. Small town living, country take your choice.

Or go Land between the Lakes area if you hunt and fish, just stay on the TN side. KY has a state income tax.

TN IS GOP controlled for the first time since reconstruction, we just need to get rid of some RINOS like our 2 US Senators, and our Governor. RINOS.


37 posted on 05/27/2014 6:30:52 AM PDT by GailA (IF you fail to keep your promises to the Military, you won't keep them to Citizens!)
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To: Myrddin
Now an employee becomes a liability. You won't get dumped on an Obamacare exchange. You will just get dumped. Especially if you don't represent a good revenue stream for the company vs your salary/wage expense.

Businesses on the edge of the "50 employee" limit will start outsourcing some jobs. Low-skill jobs will be handled by a worker-rental place like Labor Ready, rather than by employees. High-skill employees will be shifted to a separate company, and will be "consultants" to their former company. Etc.

38 posted on 05/27/2014 6:47:46 AM PDT by PapaBear3625 (You don't notice it's a police state until the police come for you.)
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To: Nachum

No wonder there are more American businesses going under than new ones being created. This regime has destroyed the American businessman.


39 posted on 05/27/2014 6:55:45 AM PDT by backwoods-engineer (Blog: www.BackwoodsEngineer.com)
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Comment #40 Removed by Moderator


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