Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Common American Journal
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

IRS Warns: Obamacare Tax Must Be Paid with Tax Return

% of readers think this story is Fact. Add your two cents.


Agency employs Orwellian term “Shared Responsibility Payment” to describe Obamacare individual mandate tax.

John Kartch
Americans for Tax Reform
2/25/2014

President Obama’s Internal Revenue Service today quietly released a series of Obamacare “Health Care Tax Tips” warning Americans that they must obtain “qualifying” health insurance – as defined by the federal government – or face a “shared responsibility payment” when filing their tax returns in 2015. The term “shared responsibility payment” refers to the Obamacare individual mandate tax, one of at least seven tax hikes in the healthcare law that directly hit families making less than $250,000 per year…

…If you (or any of your dependents) do not maintain coverage and do not qualify for an exemption, you will need to make an individual shared responsibility payment with your return. In general, the payment amount is either a percentage of your household income or a flat dollar amount, whichever is greater. You will owe 1/12th of the annual payment for each month you (or your dependents) do not have coverage and are not exempt… 

Read the entire article at Americans for Tax Reform.


Source: http://commonamericanjournal.com/irs-warns-obamacare-tax-must-be-paid-with-tax-return/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 13 comments
    • Anonymous

      Watching a little CSPAN tonight and just so happened that they were discussing the healthcare mandate. A guy named Duncan was on and he called this “mandate” an “incentive” to purchase health insurance! Yeah, its an incentive alright! They IRS can garnish your wages, freeze your bank account, and seize your assets, charge you with tax evasion, have you placed under arrest, and lots of other fun stuff if you fail to make all the “payments” required according to the “rule of law”.

    • voiceofreason

      I was waiting for this part, why do you think they delayed the mandate for employers? If the government applied the law and followed the law as it was written, the political bloodbath would be historic to say the least. When the mandate is finally in force, the American people will feel the teeth of the affordable care act. The teeth that tear away at your wallet. Nothing gets more attention from Americans than taking their money so again……..why did they delay the mandate?

      • Anonymous

        Perhaps they delayed the business mandate so that small businesses could get more established, and then be able to afford to pay the higher premiums? Many “e healthcare” businesses are emerging to provide new technologies? Waiting for them to get established before enforcing the employer mandate would benefit them, no?

    • SickOfTheDumbshit

      Why bend over with no lube for these socialist retards. I propose i nation wide no work strike until they take this obama f#$kup out :idea: Only radical things will get them to take us seriously now for most of america is dumb and stupid and willing to listen to anything these crooks say. I said no sir to o fag#ot care once i heard they were signing up illegals. They dummy us down with beer tv sex video games while training our children in democrat institusions called schools to love the democrat socialist/communist idealism. Come on America isnt time to take our country back from these pukes :grin:

      • SickOfTheDumbshit

        Oh ya and btw if all us freedom loving republicans went on strike and no demos did it would still work because id say a very high percentage of them dont work and are on welfare we pay so itll still work. Damn i wish i had the money to get this rolling :cry:

        • CrowPie

          That’s where you’d be wrong……I became a demo when I started running a tax preparation corporation (years ago).

          I had been a republican…until then. Then I started learning the laws….and then watching WHO was making the new ones….and who benefited…..and who suffered.

        • SickOfTheDumbshit

          So you turned your back on freedom? Do you agree with what your party is doing now?

        • SickOfTheDumbshit

          I am sorry for stereotyping you i am sick and tired of the whole setup and think its time for a massive change. With none of them ever to be in office again and most of them in prison waiting to be executed for treason against the people they are like a dog constantly biting the hand that feeds it its about time for a kick dont you agree?

        • CrowPie

          I agree that there is something terribly wrong with the system. I did learn that there is a power struggle between the rich in this country and the poor. (As far as the tax laws go…)

          I do not claim to have any answers…..I can only say that power corrupts and absolute power……corrupts absolutely.

    • dabu

      This is going to be a lot of fun to watch! Muahahaha!

    • whyohwhyohspellsyoyo

      Barrycare is the straw that should break the camels back. How can you run a caring proffession with Stalin like rules. I think it’s time you lot got shot of Barry and his bosses before you all pay with your lives.

    • XPAT-Unlisted

      If one reads the laws, one will find out that the only ones who owe taxes are “government employees” also they are the ones who usually fail to pay….

      Since it is all a sham (tax laws) do a bit of studying and you will find out that what I am saying is true.

      Sheerer v Cullins (sp) an IRS agent who paid no taxes, was fired…. sued his direct supervisor and won. proving there is no money, it is illegal to “tax federal reserve notes” and the definition of person according to the law is not what you think.

    • Mother mary

      42-usc-18115.

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.