What Say To An “Individual Shared Responsibility Payment” To The IRS?
Of course this must be about Obamacare
(Townhall) Here’s your Orwellian Phrase for the Week: Individual shared responsibility payment. Yeah… Go ahead and try to wrap your brain around that amalgamation of contradictory concepts. The phrase is not gleamed from some glossy DNC spin-office, or a Harvard professor’s latest psychobabble posing as an academic paper. Apparently the phrase is the IRS’s fancy (new) term for the Obamacare Mandate tax that individuals will have to pay if they fail to get health insurance this year.
As reported by Americans for Tax Reform:
If you (or any of your dependents) do not maintain coverage and do not qualify for an exemption, you will need to make an individual shared responsibility payment with your return.
That’s right, campers, the IRS refuses to call it a tax, instead, it goes with something more reminiscent of a Marxist/Communist country.
This should make filling out a tax form interesting. Especially for those who have been unemployed for a long term, as so many have been during the Obama Years. And everyone must prove that they had health insurance for every single month of the year. You are guilty till you provide evidence otherwise.
Here’s one other interesting tidbit
You will owe 1/12th of the annual payment for each month you (or your dependents) do not have coverage and are not exempt.
So, if you leave a job which provides health insurance, voluntary or otherwise, and do not maintain coverage, you be required to pay the ISRP. That should help the well-being of those who were laid off or fired.