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Keyword: penaltytax

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  • Obamacare penalty may come as shock at tax time

    01/18/2015 7:12:51 PM PST · by george76 · 57 replies
    Washington Times ^ | January 18, 2015 | Tom Howell Jr.
    Those Americans who didn’t get health insurance last year could be in for a rude awakening when the IRS asks them to fork over their Obamacare penalty — and it could be a lot more than the $95 many of them may be expecting. The Affordable Care Act requires those who didn’t have insurance last year and didn’t qualify for one of the exemptions to pay a tax penalty, which was widely cited as $95 the first year. But the $95 is actually a minimum, and middle- and upper-income families will actually end up paying 1 percent of their household...
  • Might Your Workers Be Eligible For Medicaid? Start-Up Helps Employers Find Out

    01/07/2015 3:36:36 PM PST · by Oldeconomybuyer · 4 replies
    Kaiser Health News ^ | January 7, 2015 | By Phil Galewitz
    The Gold ‘N Silver Inn in Reno, Nev., has long offered health coverage to its employees — but many of the cooks, dishwashers and waiters who make close to minimum wage can’t afford the $100 monthly premium. Last January, when Nevada became one of more than two dozen states to expand Medicaid under the Affordable Care Act, 10 of the diner’s 55 employees qualified for the government insurance program for low-income Americans. None of them realized it, however, until the family-run restaurant hired BeneStream, a New York-based start-up funded partly by the Ford Foundation. BeneStream charges $40 to screen each...
  • IRS Warns: Obamacare Tax Must Be Paid with Tax Return

    02/25/2014 6:08:31 PM PST · by MeshugeMikey · 80 replies
    Your 2014 tax return will ask if you had insurance coverage or qualified for an exemption. If not, you may owe a shared responsibility payment when you file in 2015.
  • Roberts: Evil Genius Part II - Taxes

    06/28/2012 1:52:14 PM PDT · by semantic · 43 replies
    June 28, 2012 | Vanity
    There's a good reason why O was opposed to classifying the mandate as a tax. Once it's a tax, it's subject to all sorts of equal protection clauses. IOW, DHS cannot willy-nilly issue waivers for non-compliance to favored political groups, etc. It's not to say that waivers & exceptions cannot be issued. They can, but they must come from specific actions undertaken by Congress. Consider how non-profits are treated under present income tax laws. Their preferred tax treatment is not determined by the executive/IRS, but rather specific laws passed by Congress. How about differences in form/type of income/wages? Are Senators...
  • Chief Justice Roberts Is A Genius

    06/28/2012 1:43:28 PM PDT · by Whenifhow · 121 replies
    http://whitehouse12.com ^ | 6.28.12 | I.M. Citizen
    Before you look to do harm to Chief Justice Roberts or his family, it’s important that you think carefully about the meaning – the true nature — of his ruling on Obama-care. The Left will shout that they won, that Obama-care was upheld and all the rest. Let them. It will be a short-lived celebration. Here’s what really occurred — payback. Yes, payback for Obama’s numerous, ill-advised and childish insults directed toward SCOTUS. Chief Justice Roberts actually ruled the mandate, relative to the commerce clause, was unconstitutional. That’s how the Democrats got Obama-care going in the first place. This is...