Tag Archives: IRS

News

How Obamacare raises your taxes if you don’t buy health insurance

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Story here from the Daily Caller. (H/T Hot Air)

Excerpt:

Individuals who don’t purchase health insurance may lose their tax refunds according to IRS Commissioner Doug Shulman. After acknowledging the recently passed health-care bill limits the agency’s options for enforcing the individual mandate, Shulman told reporters that the most likely way to penalize individuals that don’t comply is by reducing or confiscating their tax refunds.

Speaking at the National Press Club on Monday, Shulman downplayed the IRS’s role in enforcing the recent overhaul of the health insurance industry by claiming the agency would not aggressively target individuals who don’t purchase coverage. He noted that the health-care bill expressly forbids the agency from freezing bank accounts, seizing assets or pursuing criminal charges, but when pressed said the IRS would most likely use tax refund offsets to penalize those that don’t comply with the mandate. The IRS uses refund offsets to collect from individuals that owe the federal government a delinquent debt.

“These are not the kinds of things we send agents out about,” Shulman said. “These are things where you get a letter from us. Congress was very careful to make sure there was nothing too punitive in this bill.”

Many reports have claimed that enforcement of the individual mandate will be non-existent, but Shulman’s answers indicate differently. According to BusinessWeek, starting in 2015 Americans who don’t purchase insurance will be subject to a fine of $325 and that sum increases to $695 in 2016. However, the commissioner seemed confident that in most cases individuals would either receive subsidies to purchase insurance or simply do so on their own in order to comply with the law.

Here’s my previous story explaining how Obamacare is a bad deal for young men because they are forced to pay for the elderly, who use a lot of health care, and they also have to pay for coverage for treatments they will never need, like breast implants and in vitro and abortions. If you young men, and young people in general who are healthy, don’t want to pay for other people’s abortions, then you can kiss your tax refund goodbye.

Videos

Michele Bachmann promises to work to repeal Obamacare

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According to a Bloomberg national poll, the majority of Americans are as depressed as I am about the direction that the country is going in. And I think that that the health care reform bill is part of the problem.

But Michele Bachmann has a plan.

First, she doesn’t sugar-coat the problem.

Second, she has a plan to solve the problem.

Last week was very depressing for me… but she gives me hope.

Michele Bachmann has a book that I have

By the way, check out he bookshelf that appears behind her in the second video. I can make out War Footing, published by the Naval Institute Press, on the left side of the bottom shelf. I have that book in my office shelf at work.

Details:

America has been at war for years, but until now, it has not been clear with whom or precisely for what. And we have not been using the full resources we need to win.

With the publication of War Footing, lead-authored by Frank Gaffney, it not only becomes clear who the enemy is and how high the stakes are, but also exactly how we can prevail.

War Footing shows that we are engaged in nothing less than a War for the Free World. This is a fight to the death with Islamofascists, Muslim extremists driven by a totalitarian political ideology that, like Nazism or Communism before it, is determined to destroy freedom and the people who love it.

Mr. Gaffney and his esteemed colleagues offer ten specific steps that Americans, as individuals and as communities, can take to ensure their way of life and safety and the future well-being of their children and grandchildren. These steps include detailed recommendations about how to:

This book is a highly readable and definitive owners manual for the War for the Free World. Whether we like it or not, every American owns a stake in its outcome. War Footing tells us how we can make sure it comes out right.

Among those who contributed brilliant analyses and commonsense recommendations to War Footing are: R. James Woolsey, Victor Davis Hanson, General Tom McInerney, General Paul Vallely, Alex Alexiev, Andrew McCarthy, Claudia Rosett, Michael Rubin, Daniel Goure, Caroline Glick, and Michael Waller. Their inputs – and those of twenty other contributors – help make this strategy for winning the War for the Free World as readable as it is needed.

If there is one thing I like to see in women other than fiscal conservatism, it’s foreign policy conservatism. War is often the only way to stop tyranny and bloodshed in countries. The world is not a happy-clappy place. The United States military protects the safety of other nations by just being present, and sometimes even by fighting. We face serious threats. It’s good to see that Michele is at least aware of what is going on in the world. I think that most people who are anti-war really haven’t read anything about the way the world really is.