Something the Dog Said wrote: How would this be the "largest tax" in history? It only applies to a very small percentage of the population, that is, it only appliies to those individuals WITHOUT insurance, which is at most 15 - 20%, and then only to those who could afford the insurance, which will probably be around 5% (picking that number out of the air), and then it is only a modest amount, no more than .025 of an individuals taxable income beginning at a max of $95 in 2014 and capping at $645 or so by 2016. It may be that no one is subject to the penalty, and at most only a small percentage and then only a modest amount. Hardly the "largest tax" in history. Further, lower income individuals will be given credits towards premiums, and small business owners will be given substantial tax credits towards employee health insurance.
Also, as I recall, the law does not give the IRS the power to enforce collection of the penalty. They cannot attach your wages or collect from your bank account. They can only hold back your refund, but you could adjust your withholding to withhold less tax and avoid a refund.
Serious question, I wonder if the premiums you are required to pay are considered a tax? I'm not clear on that part. If so, it would be a huge tax increase for those who did not already have insurance.
Oh, by tomorrow all of the usual rightie-blogs, FauxNews, Redstate, WorldNutDaily, BrightBag, etc., will tell you what to think about it. Just sit tight for a few hours.
Something the Dog Said wrote: How would this be the "largest tax" in history? It only applies to a very small percentage of the population, that is, it only appliies to those individuals WITHOUT insurance, which is at most 15 - 20%, and then only to those who could afford the insurance, which will probably be around 5% (picking that number out of the air), and then it is only a modest amount, no more than .025 of an individuals taxable income beginning at a max of $95 in 2014 and capping at $645 or so by 2016. It may be that no one is subject to the penalty, and at most only a small percentage and then only a modest amount. Hardly the "largest tax" in history. Further, lower income individuals will be given credits towards premiums, and small business owners will be given substantial tax credits towards employee health insurance.
Also, as I recall, the law does not give the IRS the power to enforce collection of the penalty. They cannot attach your wages or collect from your bank account. They can only hold back your refund, but you could adjust your withholding to withhold less tax and avoid a refund.
Serious question, I wonder if the premiums you are required to pay are considered a tax? I'm not clear on that part. If so, it would be a huge tax increase for those who did not already have insurance.
The premiums you pay for insurance go solely to the private insurance companies. Why would they be considered a tax?
According to the CBO, the mandate will affect only about 7 million out of over 250 million individuals.
"Remember to always be yourself. Unless you can be batman. Then always be batman." Unknown
The only tax is the "fee" you pay if you don't have insurance. Don't want to be taxed? Do the responsible thing and get yourself and your family health insurance. And...it only applies to those who can afford health insurance but choose not to get it.
Being slimy and adding mandates without being honest on what they are is my issue with this. Just like the Med Marijuana law. It was just a foot in the door to call it medical when anyone can get it. Smoke in mirrors. They are our public servants, not the other way around. At least be honest about it so the people can decide if they want it. Read my lips, no new taxes.
Being slimy and adding mandates without being honest on what they are is my issue with this. Just like the Med Marijuana law. It was just a foot in the door to call it medical when anyone can get it. Smoke in mirrors. They are our public servants, not the other way around. At least be honest about it so the people can decide if they want it. Read my lips, no new taxes.
The left is angry because they are now being judged by the content of their character and not by the color of their skin.
