Hey you! Would you pay the fine if you don't get health insurance?
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?
This law is about as clear as all the other laws regarding taxes. My guess is that of the thousands of IRS agents working hard to steal our money, no two agents will interpret this law exactly the same.
When we have a few million citizens who still think their tax refund is a gift from the government, will they truly understand any of this?
How will this work for those who receive a "Earned Income Credit" refund check every year? Those are the people who did not work, paid nothing in taxes, and still get a refund check?
I think I am more confused than ever.
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. .
I just wanted to say that your image for this question is very creative and hilarious! Regarding if I'd pay the fine, I saw some reports about those who will make the choice about Obamacare based on whether it's no better or more expensive than if they just got insurance on their own. Some people would rather pay the fine (only $95) and pay their medical bills out of pocket, especially if they are relatively young and healthy, and don't want to bother with the broken website. I would pay the fine if I found it worked to my advantage. It's not so much about the politics for me but about what would work best for my needs. Thank God I have medical insurance.
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.
All you have to do is adjust your withholding so you aren't due a refund. Any fines are to be withheld from refunds so there ya go.
I don't want to pay the fine and I don't want Obama care, but so far no one has listened to me. If you don't have health insurance the IRS will collect the fine.
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.
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