CrusaderFrank
Diamond Member
- May 20, 2009
- 148,698
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Didn't you ever do your own taxes?
Your tax liability starts at a certain number, and then you are able to pare it down by taking your exemptions, deductions, credits, etc.
My federal income tax is about $5000. That's what I pay. Someone with 2 children making what I make has the same tax liability to START with,
then they deduct their children as dependents, then they take the child tax credit, and whatever else they may get,
and the next thing you know they're paying $1000 compared to my $5000, on the same income.
That's my penalty for not having children.
It's no different than the penalty for not having health insurance. It's a tax.
If you owned an oil rig as an individual you'd get deprecation, depletion allowances, tax credits and write-offs. So you're being penalized for not owning an oil rig. You'd probably get money back on the same income
Having an oil rig reduces your TAXES. Having health insurance reduces your TAXES.
And under your "logic" you "pay a penalty" for not owning an oil rig.
Do you how stupid that is?