Posted on 03/27/2014 6:09:23 AM PDT by Biggirl
Matt Drudge’s widely discussed tweet that he has already paid Obamacare’s “liberty tax” highlights the uncertainties the self-employed face both from the health care law and the tax code in general. As pointed out by an editorial in Investor’s Business Daily, “self-employed entrepreneurs ranging from Drudge to small-shop proprietors and independent contractors have long been aware of the requirement to estimate their tax liability and send a quarter of it in every three months, and that this amount includes ‘other taxes’ such as the ObamaCare opt-out penalty.”
(Excerpt) Read more at openmarket.org ...
Buried in Section 1501 on page 148 of the so-called Patient Protection and Affordable Care Act is an exemption from the individual mandate for a “health care sharing ministry,” a group whose members “share a common set of ethical or religious beliefs and share medical expenses among members in accordance with those beliefs.” For any member of such group, the law says, “No penalty shall be imposed.”
That’s for Muslims.
I think there are a few Christian medical sharing groups out there though.
Exactly! Who approves the “exemption”?
Please see post number 4 please. Thank-you.
Being offered government subsidies is an insult to us.
We have worked and in our late 50s, we have never even applied for unemployment insurance a single time in our lives.
If Drudge never payed the tax ,the IRS would be all over him like Obama at a Golf Course
Agreed. The premiums now available from ObamaCare are so high that few can afford them, even for the POS Bronze Plan, forcing most (like my family) to accept the subsidies. The “Christian alternatives” we checked on advertise coverage for most families at under $300 / month, but even for a family of 3, again, the “coverage” vs. premiums is just awful. If all family members are “healthy” and you choose what amounts to paying the 1st $10k / year yourself, then you can get the premium a little under $300 / month. I’d just about rather shoot myself than take a subsidy, but I have a family to support including a daughter with medical problems (mostly ok now, but could flare up at any time), so, there’s no good choice...
The root problem, of course, is that instead of decreasing actual health care costs, ObamaCare just furthers the gov’t driving them through the roof.
Drudge should not have paid the tax.
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