Wednesday, October 16, 2013

How Obamacare Screws the Working Class…Hard

Now that it is becoming clear that the establishment House Republicans are about to capitulate to the Senate Democrats and Obama Progressives, it is clear that, short of Republicans taking the Senate in 2014 and the White House in 2016, Obamacare is set to sink into the flesh of the American entitlement system not unlike a bear’s claws sink into the flesh of its prey. Regardless of whether or not the federal healthcare exchange website functions adequately or not (get used to it, it’s government inferiority at work), the bureaucracy has just expanded and your wallets are about to do the opposite. One of the things that people are going to have to come to understand is how the Internal Revenue Service – yes, the same Internal Revenue Service currently under investigation for targeting Conservative political groups – will be assessing the penalties (read: enforcing Obamacare) on those who choose not to “participate.” The fact of the matter is that it is both less ominous, yet more disturbing, than people think. The penalties levied under the Affordable Care Act, under the usually heavy hand of the IRS, is not so much under the ACA. In fact, the pathway for extracting the Obamacare penalty from non-participants is exclusive to the garnishment of any federal tax refunds due. If one chooses not to acquire qualifying health insurance, the IRS will withhold the amount of the penalty that must be paid from any federal tax return refund that is owed an individual in violation of the statute. According to BusinessInsider.com: The IRS will not have the power to charge you criminally or seize your assets if you refuse to pay.



Read more about How Obamacare Screws the Working Class…Hard

No comments:

Post a Comment