The Briefing Room
General Category => Health/Education => Topic started by: mystery-ak on February 26, 2014, 02:50:38 am
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http://www.atr.org/irs-warns-obamacare-tax-must-paid-a8164 (http://www.atr.org/irs-warns-obamacare-tax-must-paid-a8164)
IRS Warns: Obamacare Tax Must Be Paid with Tax Return
Agency employs Orwellian term “Shared Responsibility Payment” to describe Obamacare individual mandate tax.
President Obama’s Internal Revenue Service today quietly released a series of Obamacare “Health Care Tax Tips” warning Americans that they must obtain “qualifying” health insurance – as defined by the federal government – or face a “shared responsibility payment” when filing their tax returns in 2015. The term “shared responsibility payment” refers to the Obamacare individual mandate tax, one of at least seven tax hikes in the healthcare law that directly hit families making less than $250,000 per year.
In “Four Tax Facts about the Health Care Law for Individuals” the agency writes:
Your 2014 tax return will ask if you had insurance coverage or qualified for an exemption. If not, you may owe a shared responsibility payment when you file in 2015.
In “The Individual Shared Responsibility Payment- An Overview” the agency warns Americans they must prove they were covered each and every month of the year:
For any month in 2014 that you or any of your dependents don’t maintain coverage and don’t qualify for an exemption, you will need to make an individual shared responsibility payment with your 2014 tax return filed in 2015.
In “IRS Reminds Individuals of Health Care Choices for 2014”the agency details the calculations Americans can look forward to if they are liable for the tax:
If you (or any of your dependents) do not maintain coverage and do not qualify for an exemption, you will need to make an individual shared responsibility payment with your return. In general, the payment amount is either a percentage of your household income or a flat dollar amount, whichever is greater. You will owe 1/12th of the annual payment for each month you (or your dependents) do not have coverage and are not exempt. The annual payment amount for 2014 is the greater of:
1 percent of your household income that is above the tax return filing threshold for your filing status, such as Married Filing Jointly or single, or
Your family’s flat dollar amount, which is $95 per adult and $47.50 per child, limited to a maximum of $285.
As confirmed by previous IRS testimony to the tax-writing House Committee on Ways and Means, “taxpayers will file their tax returns reporting their health insurance coverage, and/or making a payment”.
Once fully phased in, the Obamacare individual mandate tax will rise steeply, to a maximum of 2.5 percent of Adjusted Gross Income or $2,085 – whichever is higher
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As confirmed by previous IRS testimony to the tax-writing House Committee on Ways and Means, “taxpayers will file their tax returns reporting their health insurance coverage, and/or making a payment”.
Once fully phased in, the Obamacare individual mandate tax will rise steeply, to a maximum of 2.5 percent of Adjusted Gross Income or $2,085 – whichever is higher
There is so much wrong in this it makes me sad beyond words what our country has become. The young kids in their 20's are being warned to sign up for the government garbage.
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There is so much wrong in this it makes me sad beyond words what our country has become. The young kids in their 20's are being warned to sign up for the government garbage.
I am amazed that IRS has not produced a specific pamphlet, as it their prior custom, to explain in depth what this program is going to do. In the past they have produced booklets to explain complex changes in the tax law in an attempt to keep people preparing taxes on approximately the same page. Back in the eighties you could take three identical sets of family tax information to three CPAs, and get three wildly different tax returns based on how the CPA interpreted the tax code. Congress and IRS have worked together in the past to attempt to correct some of those interpretation loopholes by simplifying the tax code where possible and when appropriate.
We are in a whole new ballgame with the onset of Obamacare. Not only is this disrupting the insurance business but IRS is going further and further out on rapidly narrowing, multiple limbs, and one day the courts are going to hand them their asses over decisions just like this one. The problem is that they can get away with it until either Congress stops them by pulling the plug on their funding, or an actual victim or group of victims file a lawsuit that works its way up through the Court system high enough to where a Federal Judge issues an injunction and orders a trial.
Time is on the Obamunists' side in all of this, and even if a case goes to Court there is no guarantee that the results will come down on the behalf of the Constitution.
:smokin:
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I am amazed that IRS has not produced a specific pamphlet, as it their prior custom, to explain in depth what this program is going to do. In the past they have produced booklets to explain complex changes in the tax law in an attempt to keep people preparing taxes on approximately the same page. Back in the eighties you could take three identical sets of family tax information to three CPAs, and get three wildly different tax returns based on how the CPA interpreted the tax code. Congress and IRS have worked together in the past to attempt to correct some of those interpretation loopholes by simplifying the tax code where possible and when appropriate.
We are in a whole new ballgame with the onset of Obamacare. Not only is this disrupting the insurance business but IRS is going further and further out on rapidly narrowing, multiple limbs, and one day the courts are going to hand them their asses over decisions just like this one. The problem is that they can get away with it until either Congress stops them by pulling the plug on their funding, or an actual victim or group of victims file a lawsuit that works its way up through the Court system high enough to where a Federal Judge issues an injunction and orders a trial.
Time is on the Obamunists' side in all of this, and even if a case goes to Court there is no guarantee that the results will come down on the behalf of the Constitution.
:smokin:
Yep and the IRS becomes more inept by the day. Just imagine someone from the IRS reading through your medical records. Also, what happens to Teddy Kennedys HIPAA law?
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The comments
Dooky • 2 hours ago
Hey IRS....Obammycare
╭∩╮（︶︿︶）╭∩╮
...both barrels to ya!
881 • Reply•Share ›
rainesson Dooky • 2 hours ago
Amen, Brother! We gotta dump these Government thugs in the Potomac. America Wake Up -- you have nothing to lose but your chains!
472 • Reply•Share ›
Tony2000s rainesson • 2 hours ago
i DO THINK WE ARE GETTING NEAR THE TIME OF REVOLUTION AGAIN !
429 • Reply•Share ›
John (magnum) Tony2000s • 2 hours ago
Obamacare Lies
Obamacare is a travesty
Forced down our throats by his majesty.
Lied to us from the very first day
Just take a pain pill and go away.
Liberals continue to lie to us
And says Obamacare is a definite must.
A ‘death panel’ does not truly exist
Another LIE from this socialist.
Another LIE we all can see
That it will cost less for you and me.
Prices have doubled and tripled for us
Continued LIES from this socialist.
Doctors are leaving due to this mess
Causing the elderly and all undue stress.
Millions have lost their health care plan
Due to the LIES from this corrupt man.
America no longer the ‘land of the free’
Due to Obama and the dem party !
The dem party ceased to exist
Replaced with the lies of socialists !!
Have we become sheep in this once great land
To be dictated too by a corrupt socialist man?
Millions need to descend on DC
Take America back from this tyranny !
John D USN RVN 71, 72, 73, evac 75
11/23/2013
207 • Reply•Share ›
James Crowley John (magnum) • 2 hours ago
It's not liberals, its the same communists we once fought against! RVN USArmy A company 1/506th/101st Abn 1968-69
214 • Reply•Share ›
John (magnum) James Crowley • 2 hours ago
Welcome home brother !!
91 • Reply•Share ›
otay John (magnum) • an hour ago
First it's a mandate, then it's a tax or a mandate tax penalty, now a shared responsibility payment...so very devious. People might be less inclined to comply with a law that they've heard is illegitimate or unconstitutional.
120 • Reply•Share ›
jimmyv65 otay • an hour ago
sounds so much like animal farm doesnt it
http://www.atr.org/irs-warns-obamacare-tax-must-paid-a8164 (http://www.atr.org/irs-warns-obamacare-tax-must-paid-a8164)
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Think I'll quote Lois Lerner's remarks and take the 5th, since the 'cost' can be considered a criminal penalty for failing to comply with what the IRS determines to be acceptable insurance. F*ck 'em! :tongue2:
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Think I'll quote Lois Lerner's remarks and take the 5th, since the 'cost' can be considered a criminal penalty for failing to comply with what the IRS determines to be acceptable insurance. F*ck 'em! :tongue2:
:thumbsup2:
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I got yer "shared responsibility payment", right here, Obama...
(http://www.talkingpointsmemo.com/images/Robinson_crotch_grab.jpg)