Rick
You posted
"This understanding is actually a common misunderstanding, Jim. The SCOTUS ruled that while it would be unconstitutional under the Commerce Clause to mandate that everyone purchase insurance, it would not be unconstitutional under Congress' broad powers to impose taxes, and that the ObummerCare mandates were actually a tax. So keep in mind that the cost of purchasing a ObummerCare approved policy is the tax, and the fine for not buying a policy is a tax penalty. And as I have stated before in this thread, paying a tax penalty does not release anyone from their obligation to pay the actual tax amount. As long as the tax remains unpaid, interest fees and new penalty amounts will be added to what the person owes. It is astounding to me why it appears that no one in "government," the media, or the IRS, has made mention of this. I doubt that this factor will be made known to the public until after the first large wave of tax defaults has occurred. Folks will think they are getting off the hook by paying the tax penalty, but then they will get a bill from the IRS for the tax amount, interest, and a warning that if not paid by such-and-such date that a further penalty amount will be added."
Not doubting you, or what your saying. But how in the world will the IRS implement this. For instance; My wife and I DON'T get health insurance, for 2014. In 2015, when we file our taxes, the IRS says "Ah, you didn't have health ins. in 2014, so we are charging you the penlty of $95 or 1% of your income. But, we are also still going to collect the original tax, which would have been your premiums, had you purchased Insurance. But, had you purchased Insurance, there are a variety of different policies you COULD have purchased, from 'gold' thru 'bronze', and each policy would have different premiums. In addition, with your yearly income, you WOULD have qualified for a subsidy. So, we're going to assume that IF you had gotten coverage, you would have gotten a 'silver' plan, and the premiums would have been "X" dollars per month, less "Y" (the Gov't subsidy), times 12, and so you still owe a tax of "Z: dollars? Even for the IRS, with there complicated way of doing things, this seems rather unworkable. How can they possibly calculate what the 'tax' is that we owe, when the 'tax' is an insurance premium, and the premium depends on which plan we choose, and the IRS is 'charging' us the tax, because we DIDN'T choose?
Saw a 'news' story last nite, on ACA. It was making the point I made earlier; not only was o'bummer 'lieing' when he said "If you LIKE your policy and your Dr. you can keep them" to those with 'independent' policiies, he was also lieing to those on large company group plans, as such people on such plans, (like my wife) are finding either their co-pays, their deductibles and or their premiums are going up. And, this was foreseable consequence of o'bummercare.
It IS a trainwreck. It can't possibly work as 'constructed', and politics is such that there is little likelyhood of it being 'fixed'. But, what then? Can't/won't just 'scrap' it, and 'start over', its what,...1/6 of the economy? Insurance companies AND providers have made business plans based on ACA being 'the law', as have millions of consumers.
I am sure there will be those who will argue strongly that the ONLY way to 'fix' the mess is to go with a 'single payor' system, with the Gov't. being the single payor. And, if ACA has gotten us into such a mess, many MAY 'buy into' the idea that thats the 'only' answer.
By the way, exactly how will the IRS go about detirmining if someone who claims the religious exemption to ACA is 'qualified'? They certainly aren't going to 'allow' millions of taxpayers to avoid paying the tax or the penalty by claiming this exemption.
O'bummer certainly will go down in history, and not JUST for being the 'first black President'; in fact O'bummercare WILL be his legacy, and if its as bad a clusterf*ck as we all think it is, it may even supercede his race, historically speaking.Jim
You posted
"This understanding is actually a common misunderstanding, Jim. The SCOTUS ruled that while it would be unconstitutional under the Commerce Clause to mandate that everyone purchase insurance, it would not be unconstitutional under Congress' broad powers to impose taxes, and that the ObummerCare mandates were actually a tax. So keep in mind that the cost of purchasing a ObummerCare approved policy is the tax, and the fine for not buying a policy is a tax penalty. And as I have stated before in this thread, paying a tax penalty does not release anyone from their obligation to pay the actual tax amount. As long as the tax remains unpaid, interest fees and new penalty amounts will be added to what the person owes. It is astounding to me why it appears that no one in "government," the media, or the IRS, has made mention of this. I doubt that this factor will be made known to the public until after the first large wave of tax defaults has occurred. Folks will think they are getting off the hook by paying the tax penalty, but then they will get a bill from the IRS for the tax amount, interest, and a warning that if not paid by such-and-such date that a further penalty amount will be added."
Not doubting you, or what your saying. But how in the world will the IRS implement this. For instance; My wife and I DON'T get health insurance, for 2014. In 2015, when we file our taxes, the IRS says "Ah, you didn't have health ins. in 2014, so we are charging you the penlty of $95 or 1% of your income. But, we are also still going to collect the original tax, which would have been your premiums, had you purchased Insurance. But, had you purchased Insurance, there are a variety of different policies you COULD have purchased, from 'gold' thru 'bronze', and each policy would have different premiums. In addition, with your yearly income, you WOULD have qualified for a subsidy. So, we're going to assume that IF you had gotten coverage, you would have gotten a 'silver' plan, and the premiums would have been "X" dollars per month, less "Y" (the Gov't subsidy), times 12, and so you still owe a tax of "Z: dollars? Even for the IRS, with there complicated way of doing things, this seems rather unworkable. How can they possibly calculate what the 'tax' is that we owe, when the 'tax' is an insurance premium, and the premium depends on which plan we choose, and the IRS is 'charging' us the tax, because we DIDN'T choose?
Saw a 'news' story last nite, on ACA. It was making the point I made earlier; not only was o'bummer 'lieing' when he said "If you LIKE your policy and your Dr. you can keep them" to those with 'independent' policiies, he was also lieing to those on large company group plans, as such people on such plans, (like my wife) are finding either their co-pays, their deductibles and or their premiums are going up. And, this was foreseable consequence of o'bummercare.
It IS a trainwreck. It can't possibly work as 'constructed', and politics is such that there is little likelyhood of it being 'fixed'. But, what then? Can't/won't just 'scrap' it, and 'start over', its what,...1/6 of the economy? Insurance companies AND providers have made business plans based on ACA being 'the law', as have millions of consumers.
I am sure there will be those who will argue strongly that the ONLY way to 'fix' the mess is to go with a 'single payor' system, with the Gov't. being the single payor. And, if ACA has gotten us into such a mess, many MAY 'buy into' the idea that thats the 'only' answer.
By the way, exactly how will the IRS go about detirmining if someone who claims the religious exemption to ACA is 'qualified'? They certainly aren't going to 'allow' millions of taxpayers to avoid paying the tax or the penalty by claiming this exemption.
O'bummer certainly will go down in history, and not JUST for being the 'first black President'; in fact O'bummercare WILL be his legacy, and if its as bad a clusterf*ck as we all think it is, it may even supercede his race, historically speaking.Jim
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