More work for the IRS. Obama is putting them to work again in 2016 collecting unpaid heath care tax
So what is the taxing truth in regard to the IRS and the New Obama Care Plan?
When the law was before Congress, Obama and Democrats avoided calling its penalty for going uninsured a “tax.” But the Obama administration argued before the Supreme Court that the law was constitutional as a Federal Tax.
The Supreme rejected two other Obama administration arguments for the law but accepted the tax one. Strange!
In 2016, after the law is fully in place, about 4 million people will pay the penalty to the Internal Revenue Service for being uninsured, the Congressional Budget Office has estimated.
These taxpayers will pay $695 per uninsured adult or 2.5 percent of family income, up to $12,500 per year.
The IRS can’t prosecute violators or place federal tax liens against them, however.
Its seems there only enforcement option may be withholding money from refunds.
The bottom line, IRS will place hold indicators on there computer system to freeze all refunds.
After a while taxpayers will figure that one out and simple adjust there W-4’s.