This will come as a shock to the millions not paying attention. They will be outraged for 2 minutes and then go back to watching repeats of Honey Boo Boo.
Agreed. It will only become a problem when they or an elderly relative are denied medical care as a result of Obamacare. Their new found anger should be quite amusing to our informed populace. The uninformed will cry "how did this happen?" And we know the answer.
1) They have to file an income tax return, and 2) They have to have excess withholding to be confiscated. Since many if not most of those who didn't get insurance will not fit into either category, they have little to fear.
I suspect the penalty amount due will accrue and the first withholding check after filing IRS will take it instead of applying to the new year withholding. It will continue until the penalty is paid, then the next year they will be short on withholding unless the employer is 'advised' that they tell the employee they are short. Penalties don't go away unpaid unless this is a very strange penalty.
I could be wrong, too, Robbie. I am basing my opinion on other taxes and penalties usually collected by the IRS, not on anything specifically from O-care.
It's a way for the gov retain tax refunds... watch. In socialism sooner or later you gotta go after the little guys who supported your tax the rich ideas.
They were quoted subsidies that were wrong... and if their income increases they lose the subsidy and will have to the gov back. I'm making popcorn ..this ought to get interestin'.
Actually, it will be the first time I will fork over money to the federal government and know exactly why it is being taken. . I will never comply. They can have their 1%, then there 2%, then there 2-and-a half percent. I’m still waiting for the champion that will come along and make this horrific mandate and law go away. Romney won’t do it. He’ll ‘repeal and replace’. which means there will be even stiffer penalties like they have in Massachusetts. In that state, I believe you can go to jail if you don’t pay the penalty.
http://retired.talkingpointsmemo.com/ima...
. I will never comply. They can have their 1%, then there 2%, then there 2-and-a half percent.
I’m still waiting for the champion that will come along and make this horrific mandate and law go away. Romney won’t do it. He’ll ‘repeal and replace’. which means there will be even stiffer penalties like they have in Massachusetts. In that state, I believe you can go to jail if you don’t pay the penalty.