- May 13, 2012
- Reaction score
The most lawless president in history does it again. If he wants the law changed the constitution says he must go to congress and have them change it. But obozo says hell with that.
If You Received a Higher Obamacare Subsidy Than You Were Eligible For You Don t Have to Pay It Back This Year
jan 30 2015
Ever since the individual health insurance mandate in Obamacare was upheld as a tax in 2012, taxpayers have been waiting to see how Obamacare affects their tax bill.
TurboTax, an online tax service, recently estimated that the average tax penalty for lacking health insurance will be $301.
When faced with unpopular requirements of law, the Obama administration has repeatedly ignored them—despite the fact that President Obama signed Obamacare And it is doing so yet again: The IRS recently announced that it would waive a tax penalty for some taxpayers.
.In other words, some people received more money than they were entitled to from the federal government to help buy insurance on federal and state Obamacare exchanges. The law states that if people received too much, they would have to pay it back.
However, the IRS will waive the 2014 late payment penalty for those who received an excessive premium tax credit.
This is the latest of a long string of signs that Obamacare is unworkable. The IRS should be able to recoup money from those who received too large a subsidy for their Obamacare insurance plans.