Obamacare Tax Woes for Non-taxpayers

One of the more vexing features of ObamaCare is that compliance is enforced by our beloved IRS. Rumor has it that some 16,000 new IRS agents were hired just to enforce compliance with the new law. The new agents make sure we’re insured, and if we’re not insured an ObamaCare tax can be levied on us. The mandate to buy ObamaCare is triggered by having a federal individual income tax liability; if one doesn’t owe income taxes, one isn’t required to have ObamaCare. And if one doesn’t owe income taxes one (usually) isn’t required to file a return. But some income earners who don’t owe income taxes nonetheless file returns. And that’s a prudent idea as it establishes a paper trail for possible audits in years in which one will owe taxes. But in its majestic rationality, ObamaCare makes filing a return more complicated -- even for those who don’t owe taxes. Consider Line 11 of the 2016 Form 1040EZ, which reads “Health care:...(Read Full Article)

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