7.9.12 -- This Associated Press article is amazing because it reveals that the IRS would be charged with collecting the ObamaCare taxes and would have the authority to penalize each uninsured adult $645. However, here is the kicker:
“There are no civil or criminal penalties for refusing to pay it and the IRS cannot seize bank accounts or dock wages to collect it.”
“No interest accumulates for unpaid penalties.”
“So how can the IRS enforce the mandate? Scary letters and threats to withhold tax refunds.”
“For those who don't qualify for a refund, a stern letter from the IRS can be effective, even if it doesn't come with the threat of civil or criminal penalties, said Elizabeth Maresca, a former IRS trial attorney…”
“The IRS is expected to spend $881 million on the law from 2010 through 2013, hiring more than 2,700 new workers and upgrading its computer systems…”
“…In 2010, House Ways and Means Committee Republicans issued a report saying the IRS may need as many as 16,500 additional auditors, agents and other employees "to investigate and collect billions in new taxes from Americans."
To read the entire article, please go to:
7.8.12 -- “Can IRS manage to police taxes and health care law?” -- by Stephen Ohlemacher, Associated Press -- http://www.usatoday.com/money/industries/health/story/2012-07-09/IR...
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6.28.12 – “The Most Deceptive Tax Increase in American History” – by David French
http://www.nationalreview.com/corner/304279/most-deceptive-tax-incr...
Excerpts from this article:
Under the Act’s complicated shared responsibility payment structure, the minimum shared responsibility payment amount per year for each adult who lacks minimum essential coverage will be $95 for 2014, $325 for 2015, $695 for 2016, and $695 or more for 2017 or later, increased due to cost-of-living adjustments…
…where a taxpayer’s household income (minus the amount of the applicable threshold for filing a tax return) is $50,000, the shared responsibility payment amount per year would be, at a minimum, $500 for 2014, $1,000 for 2015, and $1,250 for 2016 or later.
Donna Garner
Comment
I marvel at the so called "informed TP" members who believe the "Fair TAx is a new idea.
Well let me burst your bubble, the original U.S. Constitution, was the original fair tax.
The only taxes in that writting was Article I, section 8, clause 1, as follows:
"The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States".
Now, does anyone see an income tax ? NO! So for you Fair TAX touters it's not the fair tax your touting, but rather it's the repeal of the 16th amendment, the income tax.
So say what you mean and stop confusing the issue.
Comment by Danny Kirkpatrick on July 11, 2012 at 9:02am Obama and the Dem's are going to go down in history as creating the largest tax increase in history.
Comment by Billy Bowlegs on July 10, 2012 at 9:08pm T for Texas;
I had rather see Romney do away with the IRS, create a compuerized system to manage a Flat Tax or a well though out Progressive tax that could be managed electronically; thereby saving a trillion dollars at least (court costs, lost wages, time off the job to defend from idiots, etc).
Comment by Walter Bowen on July 10, 2012 at 6:10pm House needs to double be sure to defund hiring the "nasty" "things of it" after Repealing Obamacare!
Comment by Billy Bowlegs on July 10, 2012 at 5:05pm Citizens in a community that get a threatening letter from IRS should do a Class Action against malfeasance of Office of IRS and get a well meaning (not one that is liberal) judge to rule against IRS for the threats.
Comment by Donald Walker on July 10, 2012 at 2:15pm Seems to me this could well mean the birth of a new cottage industry and the death of the 1040 EZ. As there is so much information available over the web and easily accessible, an entrepreneurial accountant with the savvy to glean enough information can open new doors. “Tax shelters and legal deductions for the average tax payer.” thereby opening the doors that have really been there all along but deemed unneeded by the average citizen and now needed to just survive the tax man.
Rita: You and I are thinking alone the same lines. http://teapartypatriots.ning.com/profiles/blogs/open-letter-to-the-...
The only addition I would make to the concept would be to include a balanced budget amendment.
By do this the congress' first alternative would be to cut spending, knowing the senate appointees would not approve a tax increase.
Thanks Donna< Now this is informative.
Comment by Patti Jarvis on July 10, 2012 at 12:53pm cover the uninsured? Fat chance. Taxes never go to the intended source. California got the idea finally with the new cigarette tax for "the children"!
Comment by David J Edwards on July 10, 2012 at 12:48pm FairTax (national Sales tax) is off-topic, but it is also the most invasive trick yet devised to steal your privacy. Every retail purchase you make would be recorded, tracked by to your Social Security Number, and reported to central IRS computers. The data can (and would be) shared by them at will, or for a Fee, with anyone they chose*. How else could the "Prebate" be calculated?
(*includes Data Miners who analyze your ideas and behavior by what you buy, and what you say in Facebook, or emails content)
Also, the Faux-FairTax does NOTHING to eliminate ObamaCare bureaucrats or Administrative courts.
...Think.
© 2013 Created by Judson Phillips.
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