Monday, March 24, 2014

Penalty Box

Rush Limbaugh explains why the media got it wrong on Matt Drudge:
They called him a liar. They told him he didn't know what he was talking about. Mainstream media reporters! The White House jumped all over Drudge with their agents on Twitter, Facebook, and the rest of the mainstream media. They said that Drudge was lying to embarrass Obama, that Drudge didn't know what he was talking about, that Drudge was stupid and that you don't have to pay your Obamacare penalty until 2015 because it's been delayed for a year.

Matt Drudge pointed out, "No, not for us. I have to pay my 2015 taxes starting in April of 2014," and they can't understand this. It is amazing the degree of ignorance. He has talked to three or four of these people in person. The last one he talked to has admitted that he's probably not lying but that he still doesn't have to do what he's doing. The fact of the matter is, when you file your taxes next April for this year, in 2015 for 2014, everybody will have to pay the penalty.
....

It's on the IRS website, and still the media is running around calling Drudge a liar. Drudge is abiding by the law. They are calling him a liar; they're accusing him of trying to damage Obama. He is now referring to them as "The Obama Media." "Additionally," ladies and gentlemen, "the IRS form (1040-ES) for estimating quarterly taxes..." The ES there is for "estimates," for those of you in Rio Linda.

"Additionally, the IRS form (1040-ES) for estimating quarterly taxes specifically recommends adding the mandate penalty to line 12 for 'other taxes' -- to pay before the first quarterly deadline of April 15. 'It is true that thousands of small businesses will be forced to pay Obamacare taxes quarterly in 2014,' a Senate Budget Committee aide told Breitbart News on Friday afternoon."
So, who's lying now?

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