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IRS's Individual Shared Responsibility Provision???
Posted on 9/22/14 at 11:44 am
Posted on 9/22/14 at 11:44 am
Thank you Obamacare...
Can anyone come up with a better, more accurate, less focus-group-tested name for it?
LINK
Can anyone come up with a better, more accurate, less focus-group-tested name for it?
LINK
Posted on 9/22/14 at 11:48 am to danjones
Is this something the guy changing oil in the jiffy lube sump will have to know?
Posted on 9/22/14 at 12:02 pm to danjones
We call this the individual mandate where I come from.
We also call this a "fine" or sometimes a "penalty"
quote:
The individual shared responsibility provision requires you and each member of your family to either:
Have minimum essential coverage
Have an exemption from the responsibility to have minimum essential coverage
Make a shared responsibility payment when you file your 2014 federal income tax return in 2015.
We also call this a "fine" or sometimes a "penalty"
Posted on 9/22/14 at 12:35 pm to danjones
quote:
individual shared responsibility payment
This just pisses me off. In no way should healthcare and the IRS be associated.
quote:
The percentages and flat dollar amounts increase over the first three years. In 2015, the income percentage increases to 2 percent of household income and the flat dollar amount increases to $325 per adult ($162.50 per child under 18). In 2016, these figures increase to 2.5 percent of household income and $695 per adult ($347.50 per child under 18). After 2016, these figures increase with inflation.
This is just lovely.
I despise the fricktards that passed this bill.
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