
“The IRS has no authority to go after someone’s assets or wages in order to collect the penalty. It only has the authority to deduct the penalty from a person’s tax refund at year’s end. People will figure out how to fix that problem by trying to ensure they have only enough withheld to meet their tax obligation. Those who are uninsured and successful at hitting the tax mark will face no effective penalty. There are policies available now that would work very well for the ObamaCare avoiders. Some of these policies are built on a life insurance platform rather than health insurance — which, incidentally, means they are outside ObamaCare’s regulatory control.”
Related posts:
Doctors Without Borders closes all operations in Somalia after 22 years
ACLU Sues U.S. Govt Over Secret NO-FLY List
Proposal to split California into three states makes November ballot
Greek bank official dismisses 'haircut' report as "baseless"
Amazon device recorded private conversation, sent it out to random contact
Fannie Mae and Freddie Mac to begin merging operations
China detains Bitcoin fraud suspects
EU sees personal savings used to plug long-term financing gap
Obama order urges companies to share cybersecurity information
Bitcoin convention brings out hope for digital currency's future
China is mining data directly from workers’ brains on an industrial scale
Justin Amash: NSA Has A Damaging Effect On Our Culture
Brazil Has Worst Trade Gap Since at Least 1991 on Export Plunge
U.S. to deliver F-16 fighters to Egypt despite recent upheaval
When the Government Went After Dr. Spock