Tuesday, April 2, 2013

Have You Had Your Taxes Done Yet?

Did you have them done by a Professional this year?  Did they take the time to show you the Obamacare requirements for your next tax filing, in 2014?  If so, how'd that make you feel?  If not, you need to educate yourself, and quick.

You will be asked to provide proof of a Federal Government approved Health Insurance plan - if you are single.  If you are married, you both have to be covered by plans.  If you have kids, they ALL must be covered by plans.  You will have to produce proof - though what that proof will be wasn't known.

If you cannot provide proof for any member of your family, you will be fined - the fine will be automatically figured into your tax return.  If the IRS determines you must pay a fine (according to the Obamacare rules), then the fine is automatic - there will be no refusing to pay it or ignoring it, unless you choose not to file a tax return.

The fine is tiered to your income level.  The more you make, the higher the fine.

My family is definitely middle class - we're not rich 1%ers (which is a completely bullshit term).  Our fine for next year would be over $1100.  Our fine for the year after that is twice that amount.  And, it keeps going up after that.

All you airheaded Obama koolaid drinkers out there - what do you think about that?  Are you prepared to send more of your money to His Highness?

As a sidebar ... what I don't know is if you have to prove you have insurance for the entire year, or only a certain date (like Dec. 31).  If only on a date, then I see a whole new industry cropping up almost immediately.  Cheap as Dirt Health Insurance, by the month.  You know the type of company that sells absolute minimum car insurance to let people just barely meet the minimum for state required auto insurance?  I see them selling health insurance, to the same standard, by the month.  Folks go get their policy for the month of December, and that's it.  The rest of the year, they are not insured.  I don't know if there is anything in Obamacare to combat that, but I doubt it.  As strong as the Cheap as Dirt Insurance political lobby is, it wouldn't surprise me if they've been in on this and are fully prepared with a full suite of crap offerings to skirt the law's intent.

No comments: