Tuesday, July 3, 2012

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This ObamaCare thing gets scarier and scarier the closer you get to it.

Its all the bad I told you about yesterday and worse - a lot worse. The damn thing's been determined to be a tax - something the Democrats swore up and down it never was, never would be, not in a thousand years. It was a mandate, we were all going to be required to buy - whether we wanted it, whether we needed it or not - in order to make it fair; all in the name of fairness.

The mandate, of course, was declared unConstitutional, but the most brilliant lawyer in the history of the world convinced himself the law could stand if the mandate was considered a tax; because Congress can tax us, and the amount they can tax is unlimited.

Of course, this is a tax like no one has ever seen in the entire history of Human Civilization; a new kind of tax, to be collected by private entities - not the Government - in exchange for a service that nine times out of ten it's cheaper to pay cash.


Oh yeah, and never mind that it doesn't fall under any of the three kinds of taxes that Congress may levy upon us; excise, fees, and income. This is a new kind of tax.

And if we don't pay this new tax - which is not a tax, never was, never will be and yet is all the same time - there is a fine, which over time can become draconian.

Obama Chief of Staff Jack Lew Ripped to Shreds Over ObamaCare Tax on FOX News Sunday With Chris Wallace:

"Mr. Lew, if it walks, looks and quacks like a duck, its a duck!"

Key Point: A new tax has just been levied upon us, the non-partisan Congressional Budget Office numbers state that seventy-five percent of this new tax is going to be paid us poor slobs who make $125,000 or less. I say again: those of us who make $125,000 - and that's 90% of us - will pay 75% of the two trillion dollars it's going to take to make this thing fly.

As bad as that sounds, that's not what really scares me. What really scares me is the IRS will have terrifying new powers to investigate us under Obamacare.

SCOTUS Ruling Means Bigger, More Intrusive IRS

"IRS officials on background tell FOX Business the U.S. Supreme Court ruling on health reform gives the IRS even more powers than previously understood."

Bottom Line:

The IRS now gets to know about a small business's entire payroll, the level of their insurance coverage, and the income of not just the primary breadwinner in a family, but the entire family’s income, in order to assess/collect the mandated tax.

In addition to being able now to learn all about every penny involved in a small business, the IRS will then, because of this law, be able to share all of that information with other government agencies, insurance companies and employers.

Expect even more lien and levy powers; the IRS army will now add 16,000 new agents to hunt down tax cheats, and as it has been budgeted to spend $303.5 million building a new system.

If you don't pay the fine, the IRS will have the authority put a lien on your business.

The Taxpayer Advocate Office - a federal institution that oversees the IRS - warns that the new health law may require more IRS intrusions on taxpayer privacy, to determine whether individuals got appropriate health coverage, and whether small businesses provide 'affordable' coverage - as defined by the government as the Secretary shall determine.'

So there it is; we not only have to buy insurance, we have to buy the right kind. The government will determine how much we need, and then they'll determine what that costs.

The Taxpayer Advocate Office has noted that under the new law, Americans must now tell the IRS: insurance plan information, including who is covered under the plan and the dates of coverage; cost of your family’s health insurance plans; whether a taxpayer had an offer of employer-sponsored health insurance; the cost of employer-sponsored insurance; and whether a taxpayer has an exemption from the individual responsibility requirement. The TAO further warns us: 'This is different from the type of information the IRS typically deals with, and some taxpayers may feel uncomfortable about sharing it with the IRS.'

The TAO also advises that the IRS may not have the necessary skill sets, budget, or staffing to adequately enforce the new health reform law, that the federal tax code is already so complex that even the IRS makes numerous mistakes in administering it.

In other words the IRS - as usual - has the leeway of being wrong in assessing, and - as usual - we have no recourse. The final authority.

And everybody who supported this thing went into this thinking it's about healthcare, equal opportunity for everybody, that everyone is going to get free government health insurance.

Welcome to my nightmare, people.



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