
“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:
Switzerland marijuana decriminalization begins October 1st
Dan Mitchell Debating Tax Havens
Two Accused of Kidnapping a Chinese Student and Trying to Deport Him
Democratic anti-gun 'guide' urged using Trayvon Martin's death to hit NRA, guns
Bitcoin ATM processed $1 million last month, more machines coming
Montana's Medical Marijuana Industry Goes Down
Canadian immigrant investor program scrapped, replacement planned
U.S. lost track of 1,475 immigrant children last year while separating families
As prices soar, Indians exchange gold for cash
Pakistani Ambassador Sherry slams drones ahead of CIA talks
Bigger than Libor? Forex probe hangs over banks
Sapulpa man, cleared by DNA evidence, plans to sue for wrongful arrest
U.S. Risks National Blackout From Knockout Of Nine Power Stations
Switzerland: The Other Currency Manipulator
Flight of the RoboBee: Tiny hovering robot creates buzz