IRS rules & power to collect fees on Obamacare

Discussion in 'Politics' started by Grampa Murked U, Jun 29, 2012.

  1. Grampa Murked U
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    Grampa Murked U Diamond Member

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    I just heard an attorney on a local radio show make a very odd announcement on the law and its teeth.

    According to him:

    There will be a box on your tax form that asks if you have health insurance.

    If you check no you must add the appropriate amount to your taxes. 695.00 was the figure he gave.

    If you check yes you have to offer NO OTHER PROOF OF ANY KIND

    If you are not audited it goes no further.

    If you are and you were found to be lying the only thing you face is the original fee. No penalty for lying whatsoever just the fee. IF YOU'RE AUDITED.



    This is not only insane it is the future bankruptcy of our system. Most of the people that are insured already will contribute nothing. Those that aren't will have the option to lie thus no funding is raised for the program. Thus ballooning our debt big time.

    I can not provide any links to this information as I haven't had any time to look but I wanted to post it before I forgot the details of his interview.

    Is this accurate? Are our elected officials this stupid? Or was this intentional?

    Are democrats actually expecting the poorest among us to work on the honor system despite the fact that it will make them poorer?
     
  2. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Is this accurate guys?
     
  3. AmericanFirst
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    AmericanFirst Gold Member

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    If it is, it is just more proof of another lie from the liar in chief.
     
  4. sfcalifornia
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    sfcalifornia Silver Member

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    Found this:

    It would be up to the IRS to verify that individuals are complying with the health insurance mandate, and to collect the tax penalty from them if they aren’t. Both the House and Senate bills contain sections that would amend the Internal Revenue Code and require either health insurance companies or employers to provide individuals with documents containing the specifics of their insurance coverage (e.g., name(s) on the insurance policy, period of insurance coverage, etc.). Individuals would then submit that information with their federal tax returns as proof of coverage. The IRS would be responsible for verifying that health insurance is acceptable.

    FactCheck.org : Enforcing the Individual Mandate

    ...but it's from 2010. Don't know if it's still accurate.
     
  5. Charles_Main
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    Charles_Main AR15 Owner

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    I am pretty sure the Same Tax Evasion/Defeat Laws would apply as well as Penalties and Interest. This law does not have to have specifics of how that will be dealt with when we already have laws on the books about it.
     
  6. francoHFW
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    francoHFW Platinum Member

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    That's the third year, $95 the first year- just get your doctor and affordable, guaranteed, subsidized and no penalty, freeloader. LOL
    Change the channel.
     
  7. Inthemiddle
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    Inthemiddle BANNED

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    Assuming for a moment that this is accurate, how is it going this going to create debt? The purpose of the penalty is to induce people to buy insurance, and in most cases the penalty will be more expensive than actually buying insurance. So the design is intended to have NOBODY paying the penalty.
     
  8. Black_Label
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    Black_Label Registered Democrat

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    All our taxes will be going up thousands a year no matter what. That's what the right wingers say
     
  9. zzzz
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    zzzz Just a regular American

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    Affordable Care Act Tax Provisions

    I suppose this will be the general way to check and for those without employer insurance another section and verification would be needed. Probably from the issuer of insurance.
     
    Last edited: Jun 29, 2012
  10. clevergirl
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    clevergirl Gold Member

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    695.00 is about one months premium cost to those of us who actually pay for private insurance. What this means is that most people who already do not buy it, won't and will opt for the tax. So this does nothing to actually pay for all the freebie insurance that everyone will get, but it does expand the governments control over our money and add to medical costs...Obama care is a boondoggle...

    I recommend that you try a little of this:
    [​IMG]
     

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