Quantum Windbag
Gold Member
- May 9, 2010
- 58,308
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You know...........I've said this on another thread as well.............
If you pay your taxes on time, you don't get fines or penalties for filing late. The taxes are your tax, but the fines and penalties are added on IF AND ONLY IF, you don't file on time.
If you don't have health care insurance, yet can afford it? They FINE you, but, the fine is able to be applied under existing tax laws. In 2014, if you can afford health insurance, but don't get it? THEN AND ONLY THEN do you pay the fine for not having health care.
If you do have health care? You pay no fine, and, what's more, if the insurance provider pays for less than 20 percent of YOUR premiums on YOUR health care, YOU are entitled to a refund at the end of the year when you do your taxes.
The only ones getting fined under this provision of the tax code are those who can afford insurance, but don't get it, because they think they're going to live forever. Think 20 somethings.
The only ones getting fined under this provision of the tax code are the "free riders".
The mandate to buy health insurance is a tax, good to know.