Posted on 11/04/2013 2:26:19 PM PST by Oldeconomybuyer
Dont believe rumors circulating online that the IRS will place liens on homes if owners fail to buy health insurance as mandated under the Affordable Care Act, local and state real estate organizations are saying.
The Wichita Area Association of Realtors addresses the rumor in its weekly report today.
Thankfully, this rumor is completely false as Congress specifically prohibited the IRS from filing liens against real property to enforce the individual mandate to purchase health insurance, the report says.
(Excerpt) Read more at bizjournals.com ...
I would think that they just might do this to the wrong Henry Bowman at some point.
it won’t be called a lien. it will be called something else.
It is illegal for the IRS to be used as a political weapon against an internal political enemy.
It is illegal for a govt agency to conspire with a radical activist group to collect personal data and use it against their enemies.
It is illegal for.....
Don’t trust anyone in this current regime. The will operate outside the laws until someone enforces the law.
And so far, no one is holding the regime accountable to the laws of the land.
as if this can’t be changed on a whim
Call it a domicile sequester.
Exactly. It’s not ‘lien’, it’s a foreclosure edict................
If you like your home, you will be able to keep your home...period.
It won’t be a lien. It will be a tax seizure. I’ve see it in an abstract.
What frightens me is that such an unthinkable notion is even plausible nowadays. Would such an outrage be the final spark that kindles a revolution? I kind of doubt it now. “Land of the free and the brave”? What a joke!
But there is a tax on net investment gains, starting this year:
Starting in 2013, the health care bill does impose a 3.8% Medicare tax on high-income taxpayers who exceed a total household net-investment income — a total which could conceivably include some of the proceeds from a home sale. However, while this Medicare tax will be applied to households with an adjusted gross income of $200,000 or more for individuals, or $250,000 or more for married couples, it typically won’t include capital gains resulting from the sale of a home, providing that home is a primary residence and not a vacation or rental home.
So They Say.... we’ll see how this is panning out. Comments?
If you like your home you can keep it
I expect that as well as placing liens against real estate they may make an exception to the general rule that Social Security payments are exempt from garnishments.
The Wichita realtor association is guilty of wishful thinking in attempting to keep their ox from getting gored.
The federal government will do anything they want since they are the 600 pound gorilla.
They'll just take firstborn children instead.
Initially, they may not go this far in search of punishing violators.
MY question is NOT what they won't do... but WHAT will they do to keep the masses in line?
Let me think..what has he done in the past? Oh, right..he just does what he wants regardless of the law. Problem solved!
IF (big IF), this is true, then what the IRS wil do is appropriate all IRS collections first to FUBOCare. Then the penalties and interest you owe on unpaid income tax. Then the tax itself. And unpaid taxes will result in that lien.
So yeah. You won’t get a lien on your home due to FUBOCare, but if you don’t pay it - they will end-run you anyway.
(insert evil IRS laugh here)
Exactly.
My hogs are mighty hungry...
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