Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
GET INVOLVED
ATR ON TWITTER
FOLLOW US-
Mothers of special needs children are hit especially hard by #Obamacare: http://t.co/dJuaGAT9LE
May 14, 2013 06:30 PM
taxreformer -
#Obamacare's looming tax increases are a train wreck waiting to happen: http://t.co/opFkyf1guJ
May 14, 2013 06:00 PM
taxreformer -
The Internet Sales Tax Vote Breakdown: A Republican Generation Gap: http://t.co/7GpRtPZGuh #NoNetTax
May 14, 2013 05:30 PM
taxreformer -
We're just beginning to scratch the surface on this IRS thing, folks. I'm talking more about it w/ @GerriWillisFBN tonight, 6pm^ET
May 14, 2013 05:18 PM
MDuppler -
Surprise: #Obamacare Leading to Higher Health Costs: http://t.co/J6dfnKqFYZ
May 14, 2013 05:00 PM
taxreformer -
In light of the developing IRS scandal, ATR’s @RyanLEllis asks, “Are these the people you want doing your taxes?”: http://t.co/oKvpIofu7Y
May 14, 2013 04:30 PM
taxreformer -
New @Mercatus video breaks down what’s at stake for states considering expanding Medicaid under #Obamacare: http://t.co/9TH9ftOBPF
May 14, 2013 04:01 PM
taxreformer -
List of Upcoming Obamacare Tax Hikes http://t.co/yEdM94o6lw
May 14, 2013 03:16 PM
taxreformer -
ATR’s @MDuppler discusses the ramifications of the developing IRS scandal on @VarneyCo: http://t.co/ZvMvMW9fRE
May 14, 2013 03:01 PM
taxreformer -
In new @DailyCaller op-ed, @GroverNorquist urges Congress to question IRS agents involved in this scandal: http://t.co/M0gV2GpQ9G
May 14, 2013 02:30 PM
taxreformer
Email
Print
140 Million Families Will Be Forced to Submit Obamacare Individual Mandate Compliance Forms to IRS
CBO estimates hours and hours of more paperwork for American taxpayers because of the Individual Mandate tax.
The Congressional Budget Office on Wednesday announced that six million American families will be forced to pay the Obamacare individual mandate non-compliance penalty tax.
The six million families who will be forced to pay the tax understates the true compliance burden of the looming Obamacare individual mandate scheduled to take effect in 2014:
- Every American required to file an income tax return must report to the IRS whether or not they have “qualifying” health insurance under Obamacare.
- Thus, this tax will not just impact the six million American families having to pay the tax, but the 140 million U.S. households which file an annual income tax return. Each of the 140 million households will be forced to complete and submit compliance forms to the IRS.
The compliance burden described above does not even take into account the other 19 new or higher taxes in the Obamacare law, which the IRS has determined for the Ways and Means Committee will increase tax preparation time by a collective 80 million hours per year.
The non-compliance penalty tax will hit middle-income Americans, a violation President Obama’s “firm pledge” not to raise “any form” of tax on families making less than $250,000 per year. There are at least seven Obamacare taxes that directly hit families making less than $250,000.
To follow Ryan Ellis's RSS feed click here. To follow them on Twitter, their handle is @ryanlellis
To follow John Kartch's RSS feed click here. To follow them on Twitter, their handle is @johnkartch
