The IRS can force your employer to withhold additional money from your pay to cover any funds that you owe to the IRS.
the Affordable Care Act also provides subsidies to some individuals beginning in 2014 to help pay for their health insurance premiums and other costs associated with their health insurance
From where is the money going to come to provide these subsidies (up to 100%) for several tens of millions of people? Tax increases, anyone?
Treasury spokeswoman Sabrina Siddiqui said, "The overwhelming majority of funds used by the agency [IRS] to implement the Affordable Care Act to to administer the premium tax credits, which will be a tax cut averaging about $4,000 for more than 20 million middle-class people and families."
Arlen wrote: The IRS can force your employer to withhold additional money from your pay to cover any funds that you owe to the IRS.
The law, however, severely limits the ability of the IRS to collect the penalties. There are no civil or criminal penalties for refusing to pay it and the IRS cannot seize bank accounts or dock wages to collect it. No interest accumulates for unpaid penalties.
Gee, this makes you either misinformed (again) or a liar (again)... Who knew?
So how can the IRS enforce the mandate? Scary letters and threats to withhold tax refunds.
Arlen wrote: The IRS can force your employer to withhold additional money from your pay to cover any funds that you owe to the IRS.
The law, however, severely limits the ability of the IRS to collect the penalties. There are no civil or criminal penalties for refusing to pay it and the IRS cannot seize bank accounts or dock wages to collect it. No interest accumulates for unpaid penalties.
Gee, this makes you either misinformed (again) or a liar (again)... Who knew?
So how can the IRS enforce the mandate? Scary letters and threats to withhold tax refunds.
Then, I must assume that you have never had much dealings with the IRS. Their devious methods always accomplish their goals regardless of the wording or lack of wording of law.
LJ, We may actually agree on something I have been saying for awhile. The Obamacare Penalty/fines/taxes are too low to achieve the objective and the enforcement has no teeth, which will cause the idea of 100% universal coverage to fail. The estimated goal was only 93%, which is now in doubt since medicaid expansion is questionable. I bet they don't even hit 90%
And the $2000 penalty for small businesses is going to look like a bargain compared to mandatory qualified comprehensive health care plans.
With low penalties the first few years you can expect the individual market risk pool is going to be overwhelmed with all the sickest people rushing to sign up first. Premiums are going to go thru the roof if everyone doesn't buy in the first year. I know I am anxiously looking forward to higher premiums!
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
Arlen wrote: The IRS can force your employer to withhold additional money from your pay to cover any funds that you owe to the IRS.
The law, however, severely limits the ability of the IRS to collect the penalties. There are no civil or criminal penalties for refusing to pay it and the IRS cannot seize bank accounts or dock wages to collect it. No interest accumulates for unpaid penalties.
Gee, this makes you either misinformed (again) or a liar (again)... Who knew?
So how can the IRS enforce the mandate? Scary letters and threats to withhold tax refunds.
Then, I must assume that you have never had much dealings with the IRS. Their devious methods always accomplish their goals regardless of the wording or lack of wording of law.
So, in other words, you are either lying or misinformed, and the best you've got is, "Well, they might...", even though the law expressly forbids them from doing what you said.
Got it.
"...never had much dealings with the IRS"..... rofllol
