quote:

ORIGINAL: joether

quote:

ORIGINAL: housebitch777
the little loophole in the law is the fine can only be taken from your refund.....if you don't get refund they don't get paid.

The fine is not attached to your income. Its attached on whether you have a healthcare policy. Even if you do not owe a penny to the US Government, you still have to show evidence of the healthcare policy, or pay the fine.
You want to avoid the penalty? Renounce your citizenship and get the fuck out of my nation!

quote:

Gene has, however, already thought this issue through. He plans to adjust his "quarterly estimated payments to ensure I do not have a tax refund, which I understand to be the only source from which the IRS can extract any penalties that I refuse to pay voluntarily."

This, Livingston [former health-care counsel in the Internal Revenue Services's Office of Chief Counsel] said, is actually a strategy that might just work. For that to happen, the tax filer would need to be cognizant of the estimated tax penalty, which the IRS can levy against filers that pay far too few taxes. But keeping that in mind, dodging a refund could mean dodging the mandate fine.

"The needle you would have to thread to execute this is making sure you've paid enough taxes to avoid the estimated tax penalty," Livingston said, "But not so much that you would get a refund.”

If there's no tax refund, where else can the IRS get its $95? Typically, the IRS does have a number of steps by which to recoup unpaid taxes. It can garnish your wages, for example, or, in rare cases, seize property. But with the health mandate, the law's drafters specifically barred the agency from any of those more aggressive tactics.

"In the case of any failure by a taxpayer to timely pay any penalty imposed by this section," Section 1501 of the Affordable Care Act reads, "Such taxpayer shall not be subject to any criminal prosecution or penalty with respect to such failure."

If a penalty does not come out of a refund, it does not fully disappear. Instead, it gets carried over to next year's tax filings and held on the filer's account. The Internal Revenue Service is also allowed to charge interest on any unpaid tax penalty (More on that in the very thrilling Sec. 6601 of the Internal Revenue Service Code). The rate currently hovers around 3 percent.

So the tax penalties accumulate, and the interest goes up and up. But even in an extreme example, where someone doesn't pay the health law's penalties for decades, the powers that the Internal Revenue Service has to collect the unpaid fines don't change.

"The IRS remains very clearly limited in its ability to collect the penalty," Livingston says, "And the accumulation over time does not change those legal limitations."

quote:

ORIGINAL: mnottertail

Then the course is clear. Single payer nationalized healthcare. Get on with it. What is the holdup?

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: joether

quote:

ORIGINAL: housebitch777
the little loophole in the law is the fine can only be taken from your refund.....if you don't get refund they don't get paid.

The fine is not attached to your income. Its attached on whether you have a healthcare policy. Even if you do not owe a penny to the US Government, you still have to show evidence of the healthcare policy, or pay the fine.
You want to avoid the penalty? Renounce your citizenship and get the fuck out of my nation!

The fine is still applicable, but it's going to be difficult for the IRS to collect, if you don't automatically pay it, or have a refund.

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/13/readers-ask-we-answer-what-happens-if-you-dont-pay-obamacares-tax-penalty

quote:

Gene has, however, already thought this issue through. He plans to adjust his "quarterly estimated payments to ensure I do not have a tax refund, which I understand to be the only source from which the IRS can extract any penalties that I refuse to pay voluntarily."

This, Livingston [former health-care counsel in the Internal Revenue Services's Office of Chief Counsel] said, is actually a strategy that might just work. For that to happen, the tax filer would need to be cognizant of the estimated tax penalty, which the IRS can levy against filers that pay far too few taxes. But keeping that in mind, dodging a refund could mean dodging the mandate fine.

"The needle you would have to thread to execute this is making sure you've paid enough taxes to avoid the estimated tax penalty," Livingston said, "But not so much that you would get a refund.”

If there's no tax refund, where else can the IRS get its $95? Typically, the IRS does have a number of steps by which to recoup unpaid taxes. It can garnish your wages, for example, or, in rare cases, seize property. But with the health mandate, the law's drafters specifically barred the agency from any of those more aggressive tactics.

"In the case of any failure by a taxpayer to timely pay any penalty imposed by this section," Section 1501 of the Affordable Care Act reads, "Such taxpayer shall not be subject to any criminal prosecution or penalty with respect to such failure."

If a penalty does not come out of a refund, it does not fully disappear. Instead, it gets carried over to next year's tax filings and held on the filer's account. The Internal Revenue Service is also allowed to charge interest on any unpaid tax penalty (More on that in the very thrilling Sec. 6601 of the Internal Revenue Service Code). The rate currently hovers around 3 percent.

So the tax penalties accumulate, and the interest goes up and up. But even in an extreme example, where someone doesn't pay the health law's penalties for decades, the powers that the Internal Revenue Service has to collect the unpaid fines don't change.

"The IRS remains very clearly limited in its ability to collect the penalty," Livingston says, "And the accumulation over time does not change those legal limitations."

quote:

ORIGINAL: mnottertail

Then the course is clear. Single payer nationalized healthcare. Get on with it. What is the holdup?

quote:

ORIGINAL: housebitch777

the question is why isn't everybody covered? its against the law to not be covered. Its not some great of the law.

quote:

ORIGINAL: joether

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: joether

quote:

ORIGINAL: housebitch777
the little loophole in the law is the fine can only be taken from your refund.....if you don't get refund they don't get paid.

The fine is not attached to your income. Its attached on whether you have a healthcare policy. Even if you do not owe a penny to the US Government, you still have to show evidence of the healthcare policy, or pay the fine.
You want to avoid the penalty? Renounce your citizenship and get the fuck out of my nation!

The fine is still applicable, but it's going to be difficult for the IRS to collect, if you don't automatically pay it, or have a refund.
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/13/readers-ask-we-answer-what-happens-if-you-dont-pay-obamacares-tax-penalty

quote:

Gene has, however, already thought this issue through. He plans to adjust his "quarterly estimated payments to ensure I do not have a tax refund, which I understand to be the only source from which the IRS can extract any penalties that I refuse to pay voluntarily."
This, Livingston [former health-care counsel in the Internal Revenue Services's Office of Chief Counsel] said, is actually a strategy that might just work. For that to happen, the tax filer would need to be cognizant of the estimated tax penalty, which the IRS can levy against filers that pay far too few taxes. But keeping that in mind, dodging a refund could mean dodging the mandate fine.
"The needle you would have to thread to execute this is making sure you've paid enough taxes to avoid the estimated tax penalty," Livingston said, "But not so much that you would get a refund.”
If there's no tax refund, where else can the IRS get its $95? Typically, the IRS does have a number of steps by which to recoup unpaid taxes. It can garnish your wages, for example, or, in rare cases, seize property. But with the health mandate, the law's drafters specifically barred the agency from any of those more aggressive tactics.
"In the case of any failure by a taxpayer to timely pay any penalty imposed by this section," Section 1501 of the Affordable Care Act reads, "Such taxpayer shall not be subject to any criminal prosecution or penalty with respect to such failure."
If a penalty does not come out of a refund, it does not fully disappear. Instead, it gets carried over to next year's tax filings and held on the filer's account. The Internal Revenue Service is also allowed to charge interest on any unpaid tax penalty (More on that in the very thrilling Sec. 6601 of the Internal Revenue Service Code). The rate currently hovers around 3 percent.
So the tax penalties accumulate, and the interest goes up and up. But even in an extreme example, where someone doesn't pay the health law's penalties for decades, the powers that the Internal Revenue Service has to collect the unpaid fines don't change.
"The IRS remains very clearly limited in its ability to collect the penalty," Livingston says, "And the accumulation over time does not change those legal limitations."

$95, eh? You think the fine of a family of four, to not have healthcare coverage, is $95? Does that sounds odd to you?
It should, because that number is wrong. The fine for 2015 (on your 2016 income tax form) is the higher of the following two items:
A ) 2% of your yearly household income
B ) $325 per person for the year ($162.50 per child under 18)
So a family of four would have a bill of $$975.
In future years it will be handled using the higher of the following two items:
A ) 2.5% of your yearly household income
B ) $695 per person ($347.50 per child under 18)
A family of four on the 2017 income tax form would pay either $2,085 or 2.5% of the yearly household income.
That's alot of money not going to the US Government by people that think they can cheat the system. An going to find out the hard way that Section 1501 can be amended. Most likely done without to many people noticing in another bill. The IRS will have the records of those that did pay as well; making it easier to go after those back-fines at a later date.
Republicans would do this to get more Americans pissed at an organization they want to remove. Democrats would do this stating it helps off-set the costs of the policies (which is the truthful answer straight from the law itself!). Why is it the Democrats can be honest in this matter, and Republicans cant?