Just a note to keep you informed that the Obama Administration through the ever benevolent TurboTax Timmie Geithner is continuing the persecution of average, everyday Americans through it’s KGB arm also known as the IRS. Pretty sad and pathetic when this type of story does not even rate an AYFKM? Award because it is so expected from the corporate oligarchy in control.
Remember: “It’s Not Your Money!“, and this link which does deserve the AYFKM? Award for total ‘trippin on shrooms’ logic “It’s Not Your Money“. Remember kids, you can always take the maximum amount of exemptions and then pay your taxes at the end of the year.
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.
“The vast majority of American people have a healthy respect for the law and want to be compliant with their tax obligations,” Shulman said, mentioning letters, collection notices and offsets as among the various ways the IRS will reach out to people without coverage.
Does this or does this not give new meaning to the corporate concept of each and every American being owned like cattle for the express purposes of producing tax money being put forward by the Restore America Plan? After all the research I have done, I am confident the gentlemen behind the plan understand the legalities; the only question remaining is if the military is going to cross the street.
Hannity on the IRS and Harry Reid’s poll numbers.