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Opt-Out Obamacare Penalty Can't Be Enforced -- Unless You Get a Tax Refund
Rush Limbaugh ^ | 10-24-2013 | Rush Limbaugh

Posted on 10/24/2013 10:48:07 AM PDT by sheikdetailfeather

October 24, 2013 BEGIN TRANSCRIPT

RUSH: For those of us who take as long as we can to pay our taxes, October 15th was the extension filing date for 2012, and I dutifully was in there. My accountant, who is almost afraid to be my accountant because he thinks he's gonna get targeted, too, just 'cause his name's on my return, he said, "Look, you may not know this, but you keep talking about these Obamacare fines if you don't buy a policy. Do you know that under the law --" and I had to go look it up. Not that I didn't believe him, but he just never gets political with me. He stays over there. (interruption) No, no. He's not lib. It's a professional relationship.

Anyway, he said to me that according to the law, the only way that the government can collect the fine or penalty for you not buying insurance is if you are owed a tax refund. If you do not owe a tax refund, they cannot go into your bank account or anywhere else and get that money. Now, the sad thing is that most people file their taxes to get a refund 'cause they think they're screwing the government, and they're not. You're giving the government all that money all that year, but, no, look, what it means is that it can't work. The whole point of this is the individual mandate. The guts of this are the mandate that you buy, that young, healthy people get screwed price-wise by being forced to buy insurance. You've got to.

(Excerpt) Read more at rushlimbaugh.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: irsobamacare; obamacarepenalty; optoutobamacare; penalty; refund; rushlive; rushtranscript
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To: sheikdetailfeather

Ping


41 posted on 10/24/2013 11:55:12 AM PDT by diamond6 (Behold this Heart which has so loved men!" Jesus to St. Margaret Mary)
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To: sheikdetailfeather; stephenjohnbanker; ding_dong_daddy_from_dumas; FourtySeven; Gilbo_3; Impy; ...
RE :”Opt-Out Obamacare Penalty Can't Be Enforced — Unless You Get a Tax Refund

Holy crap, thanks Rush, now I wont get yelled at here for posting written proof of it here, because many here believe whatever you say so now its OK. I beat ya to it Rush.

What the Obama-care law text REALLY says on IRS enforcement of the personal Mandate fine/tax
(posted here October 16, 2013 10:50:01 AM · by sickoflibs )

42 posted on 10/24/2013 11:55:29 AM PDT by sickoflibs (To GOP : Any path to US Citizenship IS putting them ahead in line. Stop lying about your position)
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To: All


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43 posted on 10/24/2013 11:58:31 AM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: sheikdetailfeather

I don’t think that’s right. You over pay and they’ll reduce your refund. You under pay and they make you pay more if you don’t have healthcare. They’ll have access to all your bank accounts, so it won’t matter what you want.


44 posted on 10/24/2013 11:59:07 AM PDT by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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To: Chickensoup

I’m with you.

If you owe the money for the year 2014, then the money for 2015, then 2016 ... it’s going to add up. Eventually you will have to pay big time.

Even if he is right.


45 posted on 10/24/2013 12:01:52 PM PDT by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: NEMDF

I would request he look a little further down the law. As I recall this fact has been discussed for some time now.

Further it applies the first year. at some point, may the second year, I don’t recall, there can be garnishments and liens.

Perhaps someone with real knowledge can expound on what happens after te first year of nonpayment.


46 posted on 10/24/2013 12:03:18 PM PDT by bert ((K.E. N.P. N.C. +12 ..... Travon... Felony assault and battery hate crime)
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To: sheikdetailfeather

You HAVE to buy, or pay a penalty. Forget the tax part. BUY or PENALTY.


47 posted on 10/24/2013 12:03:54 PM PDT by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: sickoflibs

I saved that thread to my email. You did call it first.


48 posted on 10/24/2013 12:03:59 PM PDT by sheikdetailfeather (Yuri Bezmenov (KGB Defector) - "Kick The Communists Out of Your Govt. & Don't Accept Their Goodies.")
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To: Chickensoup

For goodness sake people, read the damn law. KNOW YOUR RIGHTS

Rush is right. These penalties are not subject to regular IRS collection. No garnishment a, no liens.

http://www.jonesday.com/affordable_care_act/

Look at the last paragraph under individual mandate.


49 posted on 10/24/2013 12:05:02 PM PDT by MaFreedom (Once more unto the breach!)
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To: NEMDF

But it adds up as a total you owe, year after year, after year.

You can’t let the amount you owe the government go beyond a certain point ... that’s why some people make periodic payments.


50 posted on 10/24/2013 12:05:36 PM PDT by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: b4its2late; sheikdetailfeather

RE :”They’ll have access to all your bank accounts, so it won’t matter what you want.”

False, the law text SPECIFICALLY forbids that. Specifically.


51 posted on 10/24/2013 12:05:38 PM PDT by sickoflibs (To GOP : Any path to US Citizenship IS putting them ahead in line. Stop lying about your position)
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To: max americana

A few hundred dollars would buy a bunch of Molson.

Is that how the Red Green show got started?


52 posted on 10/24/2013 12:06:34 PM PDT by donmeaker (The lessons of Weimar will soon be repeated.)
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To: E. Pluribus Unum; Chickensoup
I posted it here for reference

What the Obama-care law text REALLY says on IRS enforcement of the personal Mandate fine/tax Wednesday, October 16, 2013

53 posted on 10/24/2013 12:08:31 PM PDT by sickoflibs (To GOP : Any path to US Citizenship IS putting them ahead in line. Stop lying about your position)
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To: b4its2late

They took my unpaid taxes out of my bank account when I was 18 years old. That was over 45 years ago.

I don’t know if it was legal, but I called my bank and they said the IRS swooped in and took my money because I owed them.

I hope it’s no longer legal.


54 posted on 10/24/2013 12:08:47 PM PDT by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: GrandJediMasterYoda; sheikdetailfeather
RE :”Does Rushbo actually believe this?”

Maybe he can read clear direct English

What the Obama-care law text REALLY says on IRS enforcement of the personal Mandate fine/tax Wednesday, October 16, 2013

55 posted on 10/24/2013 12:10:34 PM PDT by sickoflibs (To GOP : Any path to US Citizenship IS putting them ahead in line. Stop lying about your position)
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To: Kennard
Rush’s observation doe not apply to employees, whose withholding schedule guarantees an annual refund.

Evidently you haven't seen my tax return.

56 posted on 10/24/2013 12:13:07 PM PDT by Colonel_Flagg (Some people meet their heroes. I raised mine. Go Army.)
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To: mosaicwolf; sheikdetailfeather
RE :”The IRS can charge an additional penalty for underpayment of your (obamacare mandate) taxes if you file quarterly”

The law SPECIFICALLY and CLEARLY forbids that.

Rush can read.

What the Obama-care law text REALLY says on IRS enforcement of the personal Mandate fine/tax Wednesday, October 16, 2013

57 posted on 10/24/2013 12:13:15 PM PDT by sickoflibs (To GOP : Any path to US Citizenship IS putting them ahead in line. Stop lying about your position)
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To: sheikdetailfeather

I prepared for your thread a week ago :)

Like fish in a bucket.


58 posted on 10/24/2013 12:14:03 PM PDT by sickoflibs (To GOP : Any path to US Citizenship IS putting them ahead in line. Stop lying about your position)
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To: donmeaker

LOL pretty much


59 posted on 10/24/2013 12:15:05 PM PDT by max americana (fired liberals in our company last election, and I laughed while they cried (true story))
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To: TexasGator
Re: “Previously Posted”

The Free Republic “Search” function is really bad.

I searched “Rush Limbaugh,” “ObamaCare,” and “IRS” before I posted this a second time.

60 posted on 10/24/2013 12:20:08 PM PDT by zeestephen
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