Posted on 03/24/2014 5:32:25 AM PDT by Servant of the Cross
The recent Twitter kerfuffle between Matt Drudge and the Obama/media/academic complex over the ObamaCare tax demonstrates in plain view and without question something many of us have known for years: while the organized left insist that they are the only ones smart enough to run the world, they remain astonishingly ignorant of how it works. They’re even ignorant of how the most fundamental parts of laws that they champion operate.
In case you missed it, Drudge tweeted, “Just paid the Obamacare penalty for not 'getting covered'... I'M CALLING IT A LIBERTY TAX” shortly after filing his first quarterly installment for 2014 as a self-employed person. Apparently unaware of how self-employed people pay taxes – which is neither new nor a secret – liberals at the White House, Talking Points Memo, the Huffington Post, and the National Journal all responded immediately by calling Drudge either a liar or ignorant, or both. After all, the liberal reasoning went, Drudge could not possibly have paid a cent toward his 2014 ObamaCare "penalty" because it's not 2015 yet.
Yes, these wizards who would organize everything and everyone lack even a cursory familiarity with the most basic of tax realities.
What is it Bill Engvall says? Oh yeah: “Here’s your sign.” These liberals really didn’t need Engvall’s sign at all. They tweeted their own "I’m stupid" signs. Some wrote full-fledged low-information articles, including TPM’s Dylan Scott and the HuffPo’s Jeffrey Young.
(Excerpt) Read more at americanthinker.com ...
LMAO I suppose no dems are in business for themselves or actually pay taxes. Who was that treasury sec who failed to pay his taxes? Prime example.
Touché!
Matt Drudge smashes their ignorance ... very publicly! Too much fun!
Team0bama was so scared by this that this truth that ... Incredibly, within a matter of minutes, White House spokesperson Jesse Lee called Drudge’s assertion a “flat lie,” Twitchy reported.
HAH…yeah, I kinda liked that sentence myself too…..
BTTT. Praying daily for that opposition party, with a message led by the anti-Rove ...
Drudge is really paying an awful lot of money to prove a point. For him to owe $10 million in 2014 income taxes, he'd have to have income of around $25 million. The Obama tax for not having Obama-approved coverage is $95 or 1% of your income, whichever is greater. 1% of $25 million is $250,000. Drudge could certainly get compliant coverage for a tenth of that, which would be about $2000/month. He certainly is putting his money where his mouth is.
The estimate of his federal income taxes may not be far off, methinks.
Great post...
I heard Rush on this subjuce earlier, and should point out that it isn’t just small businessmen who have this problem. Anyone who has significant income that isn’t subject to witholding has to do the quarterly estimated payments. I’ve been doing that for years.
Oops, subjuce = subject
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