ObamaCare tax not meeting revenue target because companies not paying, audit finds

Associated Press ^ | August 19, 2014

[george76]

An ObamaCare tax on medical devices is falling short of its revenue target because thousands of companies aren't paying it, according to a government audit released Tuesday.

The audit by the Treasury inspector general for tax administration says the IRS needs to do a better job policing the tax. The tax agency, however, doesn't have adequate tools to identify which companies owe it, the audit said.

[ClearCase_guy]

Obama enforces the laws he wants to enforce.

People pay the taxes they want to pay.

It's all good.

[molson209]

why should they pay , Obamacare is not real

[txrefugee]

Why should anyone pay attention to laws when Obama and Holder don’t? Laws must be for everyone or no one will obey them.

[Graewoulf]

When does Speaker “Blank Check” Boehner defund the failed Obamacare boondoggle?

[DJ MacWoW]

Did You Know?

The Current FReepathon Pays For The Current Quarter's Expenses?

Now That You Do, Donate And Keep FR Running

[From The Deer Stand]

That’s the tax that Al Franken voted for before he voted against, oh, wait, he didn’t vote against it. He just questioned his own vote for it. But, his vote stands.

[E. Pluribus Unum]

“Did you really think we want those laws observed?" said Dr. Ferris. "We want them to be broken. You'd better get it straight that it's not a bunch of boy scouts you're up against... We're after power and we mean it... There's no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren't enough criminals one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws. Who wants a nation of law-abiding citizens? What's there in that for anyone? But just pass the kind of laws that can neither be observed nor enforced or objectively interpreted – and you create a nation of law-breakers – and then you cash in on guilt. Now that's the system, Mr. Reardon, that's the game, and once you understand it, you'll be much easier to deal with.” ― Ayn Rand, Atlas Shrugged

[Diana in Wisconsin]

Gawd, Ayn is AWESOME! :)

[crusher2013]

We get closer to “They pretend to pay me or I pretend to Work” every day. The old saw from the Soviet Union.

[DaxtonBrown]

just rename your titanium hip ball and socket device a ballpeen hammer and voila, no tax.

[GeronL]

companies not paying??

GM? GE? Brightsource? Solyndra?

[Mark17]

When does Speaker “Blank Check” Boehner defund the failed Obamacare boondoggle?

In the year 2525.

[Uncle Miltie]

In all fairness, as many companies are paying the tax as are citizens not exempted who are paying the penalty for not having 0bamacare.

In other words, everyone got an exemption. Companies are just self-exempting. That’s fair. ;-)