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IRS: Compliance Burden for Obamacare Individual Mandate Tax Totals 7.5 Million Hours Each Year


Posted by John Kartch on Tuesday, August 27th, 2013, 1:39 PM PERMALINK


The IRS today released its final rule on the Obamacare individual mandate non-compliance penalty tax. Key numbers for taxpayers:

7.5 million hours: Taxpayers will be forced to spend a total of 7.5 million hours each year complying with the new tax.

30 Minutes: Taxpayers will be forced to spend up to 30 additional minutes filling out paperwork each year, just for this one new tax.

63: The number of times the final rule uses the Orwellian term “Shared Responsibility Payments” to describe what is actually a tax.

Americans for Tax Reform takes a look back at well-known “Shared Responsibility Payments” quotations throughout history:

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