Posted on 10/24/2013 3:20:40 PM PDT by Libloather
**SNIP**
Theoretically, someone who chooses to be uninsured owes the government money, but the government is prohibited by the ACA from trying to collect it. What kind of a debt is it that cant be collected?
**SNIP**
As I understand it, the only way the IRS can possibly collect the penalty is by withholding your tax refund. No problem: if you arrange your taxes so that you dont overpay, the penalty can never be collected from you.
Which is to say that there is no penalty for failing to comply with the Obamacare mandate. Many commentators have pointed this out, including us. Oddly, however, some observers who should know better continue to tell young people they should pay the penalty and forgo expensive insurance. No: young people, if they want to follow their self-interest, should forgo expensive insurance and NOT pay the penalty, because it can never be collected from them.
This is one of the reasons why many analysts say that Obamacare was designed to fail, that it is a house of cards that was always meant to collapse.
(Excerpt) Read more at powerlineblog.com ...
The Kenyan is just screwin' with everyone.
That is true. However, Obamacare still messes up the marketplace, and gets a lot of employers to just drop coverage. Now millions of Americans will have no health insurance. If you want to increase suffering in the US, this is a good way to do it. Government doesn't need the penalty.
Actually, I think it's worse: the insurance companies really need young people to pay into plans, and the penalty to supposed to make that happen. If young people just skip it, then they have no coverage AND the insurance companies lack funding and will run into serious trouble. More suffering in the US!! Barry gives it a big thumbs up.
Most taxpayers are kind enough to lend the government money over the course of the year by over-paying their taxes (beats having to pay a penalty...), and when you include those who get the Child Tax Credit, well, then the IRS still has a hold on a lot of people on this healthcare bamboozle.
http://libertyandpride.com/obamacare-gives-the-government-access-to-your-bank-account/
All of this raisesbthe question: whatnabout “refundable tax credits” like the earned income tax credit? Such a welfare payment being treated as a “tax credit”, it would seem reasonable to deduct the tax premium for a non-applicant from it.
"Never" is a long, long time.
What is the statute of limitations on a tax debt? How many years did Wesley Snipes not pay taxes before he was arrested and imprisoned?
The flaw in this argument is that the "young" people will not remain young forever. They will get older, get jobs with increasing responsibility and better pay, and accumulate assets.
At some point, they will be in a position where their past tax liabilities will catch up to them.
-PJ
Healthcare insurance was already a mess before ObozoCare.
I will be 66 in December. The only operation I have ever had is to have my tonsils & adenoids taken out as a child.
Past that only dental fillings, extractions, bridges, crowns.
I take no prescription medicaton. Seldom visit the doctor. Been pretty lucky and healthy.
My wife is not like that. She has high blood pressure, diabetes (takes pills) and has had a hip replacement. She is in the process of having major dental implants. But overall is pretty healthy.
My 38 year old son is another matter. He has many medical problems.
For me at almost 66, no medical insurance does not bother me. Not so with my family.
If you find out you have a chronic illness like cancer, THEN you can sign up.
But if you are healthy and under 40, all you need is accident insurance and those policies are cheap.
If you break a leg the accident policy will pay the hospital and then you sign up for Obamacare to pay the rehab charges, and then after you are better, just cancel the policy.
What is to stop the kenyan from simply changing the law? He has already done that several times.
Ocare gives the IRS access to everybody’s bank account, but not authorization for this particular action. IRS normally takes the money they think you should give them whether they are authorized or not. Then you have to fight them to get it back, probably “incurring” more fines and charges in the process, which are again pulled out of your bank account if you still have one. And when you e-filed your taxes you gave IRS direct access to your bank account.
Ocare gives the IRS access to everybody’s bank account, but not authorization for this particular action. IRS sometimes takes the money they think you should give them whether they are authorized or not. Then you have to fight them to get it back, probably “incurring” more fines and charges in the process, which are again pulled out of your bank account if you still have one. And when you e-filed your taxes you gave IRS direct access to your bank account.
Example: I complete my tax return, owing $500 in income tax plus my $95 Obamacare fine. I send a check for $500.
The IRS sends me a receipt letter stating:
$95 Obamacare fine: PAID
$405 Income Tax: $95 still due
Some companies will fail, some will pull out to limit losses. Obama will shovel money at the rest to keep them afloat. A lot of money. Our money.
Ocare has a phrase in it, “As the HHS secretary shall determine”. Pretty well leaves interpretation of the law up to the HHS secretary. This is also in an environment where the president and his agencies ignore laws they deem to be inconvenient to their cause.
“The IRS can’t take funds from bank accounts.”
Ok so when they do, then what?
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