According to the law, the only way that the government can collect the fine or penalty for you not buying insurance is if you are owed a tax refund. If you do not owe a tax refund, they cannot go into your bank account or anywhere else and get that money so if you structure your taxes so that you do not get a refund, you do not have to buy insurance and you do not have to pay a fine 'cause they can't collect it from you if you don't have a refund due. Is that just another nail in the coffin of Obamacare imploding on itself?
sort by best latest
EIC, that is a good point - I'd imagine most people who get that probably would get subsidies for the insurance and so could afford to have insurance or wouldn't care since the government would be paying their fine - the government rescues again. .
Jan thanks for the image compliment but I didn't create it - the Kudos belong to whoever made it for Rush Limbaugh. If you like it, you'll like him. The point is no one has to pay the fine if they adjust their taxes so they get no refund...would you?
No. And I don't care for him. Thanks for the heads up.
Just curious - have you ever listened to the whole show for several weeks? or more than a few minutes? You seemed enamored with his show's artwork which reflects his approach.
I would assume that if we already have health insurance we will have to send proof of insurance to the IRS with our tax returns?
Proof of insurance - hmmm what would that be? A cancelled check? a letter from your employer? how about a confirmation from healthcare.gov...naw that won't work.
More than likely the proof of insurance will be a gold colored document that we will have to pay for, and then it will have to be notarized by 15 different notaries.
Yeah right, in the mean time they want you to give all your private information to their website with no HIPPA guarantee.
I have my grandchildren coloring my health insurance certificate right now.
Does that count?
It does. The original 3000 page Ovomitcare law was written in crayon.