Here’s a part of what Reuters said yesterday at http://www.reuters.com/article/idUSN0517093120100405
“Subsidies would help poorer people buy coverage, and states would set up exchanges to allow individuals and small groups shop for insurance.
“People who do not comply would be levied penalties, and if they don’t pay them the penalties could be taken out of their tax refunds.
“‘There has been some insinuation about how we are going to approach our job,’” IRS Commissioner Douglas Shulman said after speaking at the National Press Club.
Under the new law, the IRS cannot seize assets or levy fines, so Shulman said refunds were the most obvious option to collect penalties.”
Working poor people don’t have enough income tax withheld to amount to a hill of beans. They file tax returns to get the Earned Income Credit. So cutting through the fog of Washington speak, what the Commisar of IRS is saying is that IRS is going to snag a guy’s earned income credit if he doesn’t have coverage.
Is it just me? Or does this new health plan seem regressive?
Aaron Gardner
Steve Maley
KnightsofMalta
If the IRS can't levy fines....
Steve Maley (Diary) Wednesday, April 7th at 10:44AM EST (link)…shouldn’t we then underpay our taxes during the year, so that we owe a balance at tax time?
The blogger formerly known as ‘Vladimir’.
Better than than that, just come out at a loss at Tax Time
Richard Mullins (Diary) Wednesday, April 7th at 10:57AM EST (link)that way you don’t owe anything and they don’t either.
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Joe Biden is like a Decrepit Park owner with a Meth lab that happens to not only be a dealer but a user.
Let’s Bankrupt the Democratic paty. Make spend all the money to defend thier candidates.