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Your ♡bamaCare!!! Fail of the Day

March 11th, 2014 - 8:22 am

Yahoo has a nice primer on ♡bamaCare!!!’s penalties for failure to obtain insurance, or pay the insurance “tax” or whatever the hell it is. But the penalties, while increasingly harsh, might not be all they’re cracked up to be:

The point of such penalties isn’t to punish people or raise revenue for the government but to provide an increasingly strong incentive to sign up for insurance, from any source. ACA enrollees can qualify for federal subsidies that will reduce the cost of coverage up to income levels of about $47,000 for an individual and $95,000 for a family of four. At some point, the cost of coverage could be cheaper than the penalty for some people, which in theory ought to make enrolling a no-brainer.

There’s one wild card, though: It’s still not clear how the government will collect penalty fees, or how aggressively it will enforce them. About 80% of people who file a tax return get a refund, and the Internal Revenue Service will be allowed to deduct the amount of penalties owed from those refunds. But that could create an undesirable cat-and-mouse game in which taxpayers deliberately underpay each year, making it harder for the government to collect not just ACA penalty fees but basic taxes. So the IRS may be reluctant to hack into refunds. And there’s no other clear-cut way for the government to garnish wages or take other aggressive steps to collect fees.

Simple lawfulness isn’t much of an impediment for the IRS these days, which is why it’s so vital for the GOP to take the Senate this fall if we’re to have any hope of reining in the rogue agency.

A smart GOP (cough, cough) could have a field day sending taxpayer-friendly IRS reform bills for Professor Wiggleroom to veto.

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All Comments   (4)
All Comments   (4)
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Another chicken coming home to roost.
Somebody forgot a very basic truth about Americans, no matter their political alignments or philosophies, Americans across the board are at heart Contrarians.
They react visceraly to being told what to do. Even when they agree with the ends! They resist. What is really happening is the Govt. is training a nation of Scoff Laws.
Which is a very short step from revolution. More and more, people are finding that they don't trust their government. Its bureaucracy. And their Police agencies. It's an open powder keg so why do they insist on striking sparks?
Maybe they don't understand us as well as they think.
31 weeks ago
31 weeks ago Link To Comment
Now that I'm back on funemployment, I know I'll be talking zero witholdings from any freelance gig I get so I don't get a refund next year. Cause from everything I've heard, Obamacare would bankrupt me quick, I couldn't even afford to to buy enough healthcare to reach the deductible.
31 weeks ago
31 weeks ago Link To Comment
Depends on where you live, and how much you think you'll make this year. If you're in a state that took the Medicaid expansion, you might qualify for that. The downside is that your health care is going to be through Medicaid. If you live in a state that didn't take the expansion, the insurance plans may be affordable enough to make sense for you.

I'm actually thinking of moving to a state without the expanded Medicaid--the boost in disposable income would be substantial.
31 weeks ago
31 weeks ago Link To Comment
That Means It's Working™.

Honestly though, I'm sorry to read of your troubles.
31 weeks ago
31 weeks ago Link To Comment
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