Sunday, September 16, 2012

Nothing To Fear

The good news for those not covered: The IRS won't be going after you:
The mandate in ObamaCare requiring Americans to buy health insurance is poised to go into full effect as a result of the recent Supreme Court ruling. But the IRS has no plans to get agents involved in enforcing the mandate – or at least not to the agency’s fullest extent.

A top IRS official says the agency does not plan to perform audits or penalize those who fail to buy the insurance.

President Obama’s law overhauling U.S. health care -- passed in 2010 and upheld by the high court this year -- charges most Americans a penalty if they fail to buy insurance starting in 2014.

“We will not use levies, liens or criminal prosecutions if taxpayers have unpaid amounts related to the individual-coverage provision,” Steven Miller, an IRS deputy commissioner, said Tuesday at a House Ways and Means subcommittee hearing. “There will not be revenue agents involved in this. These will not be audits.”
You'll just be fined into the poorhouse instead...

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