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No Penalty for Not Paying the Health-Care Law’s Tax?
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FBN’s Gerri Willis on the government’s potential challenges in enforcing the individual mandate.
- Duration 2:47
- Date Jul 9, 2012
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FBN’s Gerri Willis on the government’s potential challenges in enforcing the individual mandate.
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Cracker Jacks box they have the surprise inside well obamacare as it too and it's a Lulu.
Turns out the government has no way to enforce the individual mandate that's the tax that -- -- have to pay for failing to get.
Health insurance coverage under Obama care.
That's right there is no penalty in a lot for refusing to pay the tax.
So that unlike paying income taxes say if you don't get coverage they IRS cannot seizure bank accounts or dock your wages.
Became even charge you interest on unpaid penalties so how is the higher S going to enforce the law.
I can only yes.
Scary -- phone calls maybe the threat of withholding your tax refund.
Of course if you calculate your Texas -- you don't get a refund back by mandate.
And a tax is failing to get coverage is not nothing.
By 2016 when the mandate is fully in place the Levy is 695 dollars per each uninsured adult.
Or two and a half percent of family income up to 121500.
Bucks.
Now based on the average Americans tax filing from 2010.
That works out to 14100 dollars per uninsured adult for the full penalty.
The CBO estimates four million people will be on the hook and -- of course they just decide not to pay.
Truly the emperor has no clothes -- more -- the put a lot has no -- It's giving a whole new meaning to Nancy Pelosi is now famous analysis of how we would come to know what is in the 2409.
Pages.
Of Obama care.
We have to pass the bill says that you -- and then find out what is did it.
Away from the bulk of the controversy.
But this doesn't mean you're getting off Scott free of course in fact taxpayers will shell out between five and ten billion dollars to bolster the IRS's collection efforts.
As many as 161500.
New IRS agents will be needed.
That's according to a report from house ways and means and it's all for Obama cares new tax bureaucracy bureaucracy without the -- power to actually do its job.
Enforce the mandate.
Of course congress could easily change that by passing a bill but I wouldn't count on Republicans in the house agreeing to another obamacare tax.
Since there are already twenty.
In fact the day after the -- court handed down their decision on Obama care.
Republican governors were already taking advantage of an obscure part of that decision to save money.
Florida's Rick Scott was the first in the least seven other governors who joined him in rejecting the Medicaid expansion.
Including one today that's Texas governor Rick Perry.
This is Obama -- in a nutshell a -- dictates that shell by insurance thou shall expand Medicaid but.
Nothing to actually back it up it's -- trillion dollar paper tiger that still threatens to change the way you get health care and not good.