Thread Tools
Old Sep 11, 2012, 07:31 PM
Big Foot 48 is offline
Find More Posts by Big Foot 48
Alarm Bells Continuing!
Big Foot 48's Avatar
Joined Oct 2001
277 Posts
IRS Won't Audit You!

If you choose to not buy health insurance and pay the fine, it looks like, for now, the IRS won't be demanding proof that you didn't buy health insurance. Look for massive tax evasion until this loophole is closed by audit or other means.

First the IRA Commissioner's statement:
"IRS revenue agents will not be involved. There will not be audits," IRS Deputy Commissioner Steven Miller told a subcommittee of the tax-writing Ways and Means Committee in the Republican-controlled House of Representatives.

And the fines Obama set up, who will be enjoying a lush multi-millionaie retirement when the big taxes kick in.
  • Flat fee: The first tier for lower income taxpayers is fixed, starting at $95 for calendar year 2014 (the first year the mandate is effective), $325 in 2015, and $695 in 2016 and beyond. The total family penalty is capped at 300% of this flat dollar tax $2,085 in 2016 for those earning less than about $110,000, according to the CRS.
  • Percentage of income: The next tier is based upon a percentage of income: 1.0% in 2014, 2.0% in 2015, and 2.5% thereafter.
Big Foot 48 is offline Find More Posts by Big Foot 48
Reply With Quote

Thread Tools

Similar Threads
Category Thread Thread Starter Forum Replies Last Post
Discussion You Won't See Him Showing Up at an OWS Sit-in Highflight Life, The Universe, and Politics 5 May 24, 2012 09:14 AM
Discussion PowerLab 8 won't auto discharge after charge (won't cycle) martinwinlow FMA Direct 6 Apr 08, 2012 05:26 AM
Sold Futaba 9chp YOU WON'T FIND A BETTER DEAL 2.4ghz Aircraft - General - Radio Equipment (FS/W) 3 Mar 07, 2012 10:31 AM
Whoops! IRS Audit Don Sims Humor 0 Mar 21, 2002 06:07 PM