Posted on 01/09/2015 7:16:16 AM PST by 2ndDivisionVet
(VIDEO-AT-LINK)
The complicated process of signing up for Obamacare is now being matched by IRS instructions to help Americans figure out how much in healthcare taxes they owe Uncle Sam.
The agency has issued 21 pages of instructions, complete with links to at least three long forms and nine tip sheets.
It is geared to those who have Obamacare or who owe a fine, dubbed “shared responsibility payment,” for refusing to get health insurance. The IRS warned that everybody must have health insurance or pay the tax.
“While the vast majority of tax filers — over three quarters — will just need to check a box on their tax return indicating they had health coverage in 2014, people who have coverage through the Marketplaces, or decided not to enroll in coverage, should be aware of some additional steps that will be a part of the tax filing process starting this year,” said the Department of Health and Human Service, which runs the Affordable Care Act.
The IRS form gives multiple examples of how much those without insurance, either through Obamacare or employers, owe in their “shared responsibility payment.”
For example, a single male earning $40,000 a year would owe $298.50....
(Excerpt) Read more at washingtonexaminer.com ...
Now that people will be charged a tax for being forced to engage in a certain type of commerce,its time for a class action suit,its unconstitutional to penalize you for not buying a commodity,lets get it on
“So you could absorb a hospital stay of the 6 figure kind?”
Yes, but better still I don’t smok, don’t drink, exercise regularly. And I am old enough that if I got something really bad it might be time to call it quits anyway.
So, why again should I be insured? To pay for other people to smoke, drink, and get stds on my dime?
That ain’t the half of it.
My dad was born into the Austro hungarian Empire, Grew up under a Romanian king, College under Romanian fascists, traded to the USSR in the Ribbentrop pact, invaded by Nazi Germany, spent the last half of the war avoiding “liberation” by Stalin, ended the war in the US occupation zone. Spent 5 years under the Military government in Germany, then finally in 1950 came to America and became a US citizen just before I was born.
Yeah, my parents lived in Bucovina.
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