Ok assuming this is declared an income tax, what about all the waivers handed out?
Also, how about the exemptions within the text of the ACA? If labelled as an income tax, will there be a checkbox on the 1040 stating “Are you in an exempted group?, if “YES” enter “0”, if “NO” enter tax amount from schedule “ACA 1” by using your line 7 income.
If your employer decides to discontinue your health insurance policies and pays the penalty...oops... fine.....mandate...tax then as an individual are you still required to to pay the penalty...oops... fine.....mandate...tax, since this was already paid by your employer?
“Ok assuming this is declared an income tax, what about all the waivers handed out?”
Then that is no problem at all. There are waivers, and exemptions and tax credits, even credits that are refundable to the taxed person when total credits exceed tax liability, throughout the Income Tax Code already.
“Also, how about the exemptions within the text of the ACA? If labelled as an income tax, will there be a checkbox on the 1040 stating “Are you in an exempted group?, if “YES” enter “0”, if “NO” enter tax amount from schedule “ACA 1” by using your line 7 income?”
Yes.
“If your employer decides to discontinue your health insurance policies and pays the penalty...oops... fine.....mandate...tax then as an individual are you still required to to pay the penalty...oops... fine.....mandate...tax, since this was already paid by your employer?”
Not for that year of course, but in subsequent years if you do not buy a health insurance policy, you would be subject individually to the individual mandate tax.
DISCLAIMER: While I am sure all three of my answeres to your three questions are 100% correct, I have not as yet been supplied by my government with copies of the 2800 page Tax Law, nor have I been supplied with Chief Justice Roberts’s 193 pages of modifications to said Tax Law, therefore; I recommend that you also submit those questions and answers to at least three radio talk show hosts for further verification.
Not Board Certified for practice in the area of Legal Specialization in Unaffordable Health Care Act.