Tuesday, April 06, 2010

IRS chief: Buy health insurance or lose your tax refund. . . .

According to Gautham Nagesh at dailycaller.com:

Individuals who don’t purchase health insurance may lose their tax refunds according to IRS Commissioner Doug Shulman. After acknowledging the recently passed health-care bill limits the agency’s options for enforcing the individual mandate, Shulman told reporters that the most likely way to penalize individuals that don’t comply is by reducing or confiscating their tax refunds.

Speaking at the National Press Club on Monday, Shulman downplayed the IRS’s role in enforcing the recent overhaul of the health insurance industry by claiming the agency would not aggressively target individuals who don’t purchase coverage. He noted that the health-care bill expressly forbids the agency from freezing bank accounts, seizing assets or pursuing criminal charges, but when pressed said the IRS would most likely use tax refund offsets to penalize those that don’t comply with the mandate. The IRS uses refund offsets to collect from individuals that owe the federal government a delinquent debt. . . . .

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The way to crush the bourgeoisie (middle class) is to grind them between the millstones of taxation and inflation. ~ Lenin

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To read the full article go to:
http://dailycaller.com/2010/04/05/irs-chief-buy-health-insurance-or-lose-your-tax-refund/