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Showing Original Post only (View all)The tax man cometh to police you on health care [View all]
SWASHINGTON (AP) - The Supreme Court's decision to uphold most of President Barack Obama's health care law will come home to roost for most taxpayers in about 2 1/2 years, when they'll have to start providing proof on their tax returns that they have health insurance.
That scenario puts the Internal Revenue Service at the center of the debate, renewing questions about whether the agency is capable of policing the health care decisions of millions of people in the United States while also collecting the taxes needed to run the federal government.
Under the law, the IRS will provide tax breaks and incentives to help pay for health insurance and impose penalties on some people who don't buy coverage and on some businesses that don't offer it to employees.
...
The health care law "includes the largest set of tax law changes in more than 20 years," according to the Treasury inspector general who oversees the IRS. The agency will have to hire thousands of workers to manage it, requiring significant budget increases that already are being targeted by congressional Republicans determined to dismantle the president's signature initiative.
That scenario puts the Internal Revenue Service at the center of the debate, renewing questions about whether the agency is capable of policing the health care decisions of millions of people in the United States while also collecting the taxes needed to run the federal government.
Under the law, the IRS will provide tax breaks and incentives to help pay for health insurance and impose penalties on some people who don't buy coverage and on some businesses that don't offer it to employees.
...
The health care law "includes the largest set of tax law changes in more than 20 years," according to the Treasury inspector general who oversees the IRS. The agency will have to hire thousands of workers to manage it, requiring significant budget increases that already are being targeted by congressional Republicans determined to dismantle the president's signature initiative.
Read the rest at: http://apnews.myway.com/article/20120707/D9VS2E3O0.html
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Your reading comprehension is poor...AP does not say that the IRS said that...
rfranklin
Jul 2012
#5
Granted but the Republicans are making wild-assed claims to bolster their politicking...
rfranklin
Jul 2012
#11
The tax credit is 'refundable', meaning you can receive it as a payment from the IRS even if
PoliticAverse
Jul 2012
#12
Actually apparently you can get the credit through an application to HHS and the credit will be paid
PoliticAverse
Jul 2012
#18
The proposed regulations indicate that you will eventually have to file an official return to
PoliticAverse
Jul 2012
#22
Did Hannity really call the 16,500 additional auditor # "a made-up number with no basis in fact," ?
PoliticAverse
Jul 2012
#19