YES, VIRGINIA, THE OBAMACARE MANDATE IS TOOTHLESS
Have received many emails questioning my assertion that the Obamacare "tax" penalty mandate is toothless. Well, it's true. All the talkers and talking heads claiming "The IRS will Come After You" are DEAD WRONG.
The IRS will collect the penalty for not having insurance. However, they can't use recorded liens and levies. The only guarantee of collecting the penalty from someone who does not want to pay it is to offset a refund due the taxpayer. Steve the Marine has read the bill and concludes this, and here's another reference from CPA Peter Reilly. READ THE ARTICLE
That the mandate is so toothless, and could potentially hurt the financial viability of the program, makes me wonder if Obamacare is designed to fail. This failure would strengthen the cries for "Single Payer Healthcare". They cynic in me believes this is what the powers truly want.
Got this in my Agora Financial email today. Humor - The TRUTH, only quicker.
GUEST INFORMATION 06-29-2012
7:10 Dee J. Rammell, author of "The Next President, How the Man Defines the Office" (A really great read on the best and the worst Oval Office Occupiers)
7:35 State Senator Alan Bates, his take on Obamacare moving forward
8:10 Steve Buckstein, founder and senior policy analyst at Cascade Policy Institute, and it's his free market perspective on Obamacare moving forward.
MORE ON THE SCOTUS DECISION - Ben Swann's "Reality Check" does a good job of detailing why the court may have actually invalidated the law. An interesting watch.
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