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The IRS can only collect this penalty from refund money. That is their only recourse.
No refund..no penalty collected.
They'll figure something out. Do you REALLY think the IRS will NOT try to collect.
The fact is NO ONE on this board knows all the details of HOW the law will be implimented - in fact there are implimentation details still be worked out - as with any new law, that's why this law is phased in over time.
The federal government taxes all people through payroll deductions to pay for and receive Medicare when they turn 65. The Supreme Court has just ruled that it is Constitutional to tax people under 65 for their health care. Makes sense to me. Done deal. Obama lied. So What? All politician's lie. You can always tell when a politician is lying. His lips are moving. Seems they also made a good case for challenging the Reagan EMTALA Act that is an unfunded mandate on Hospitals to provide health services for all if they intend to keep receiving federal funds. I'm mildly surprised that Republicans are not crawling all over the issue and the SC's ruling that applies to it. Just think of it. Million of illegals would no longer get emergency room treatment taking away one of the prime conservative arguements.
The federal government taxes all people through payroll deductions to pay for and receive Medicare when they turn 65. The Supreme Court has just ruled that it is Constitutional to tax people under 65 for their health care. Done deal. Seems they also made a good case for challenging the Reagan EMTALA Act that is an unfunded mandate on Hospitals to provide health services for all if they intend to keep receiving federal funds.
..what about the 27 year old living in his/her moms basement making no money?
With due respect, I'm not getting your point. What about him?
Ummmmm...O.K. the 27 year old not paying taxes, does not have a job, but goes to the ER....Who pays for that ER visit?
OR
You said that they can now tax through payroll deduction....How can they tax through payroll deduction with a 27 year old living in his/her moms basement, does not have a job, paying no taxes, but goes to the ER?
They'll figure something out. Do you REALLY think the IRS will NOT try to collect.
The fact is NO ONE on this board knows all the details of HOW the law will be implimented - in fact there are implimentation details still be worked out - as with any new law, that's why this law is phased in over time.
Ken
You're right. We do know the assumptions though that were being used to justify it as a way to make health insurance more affordable and those are absurd.
No, the economy is going to grow at 4%+ a year.
No, reimbursements won't be cut to and the fiscal constraint won't occur at "unprecedented levels."
No, they're not going to collect taxes for noncompliance with the IRS when they have no teeth.
No, cost won't be contained with more demand and less supply.
And to top it all off no one in the federal government seems to understand that you can't collect piles of new revenue without any ill effects on states and local government. They don't seem to understand that there is a limit on how much debt we can take on and they don't seem to understand that there will be a price to pay eventually for the unprecedented increase in the M1 money supply.
Ummmmm...O.K. the 27 year old not paying taxes, does not have a job, but goes to the ER....Who pays for that ER visit?
OR
You said that they can now tax through payroll deduction....How can they tax through payroll deduction with a 27 year old living in his/her moms basement, does not have a job, paying no taxes, but goes to the ER?
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