Obama care penalties have already begun for self-employed
Mar 21, 2014 21:07:21 #
Many business owners, especially the self-employed, have to pay their estimated income taxes on a quarterly basis; in the same year the income is earned.
Self-employed journalist Matt Drudge has reported that he just paid his first penalty for opting out of Obamacare. His breaking of this news created a firestorm of denials from the main stream media:
http://www.breitbart.com/Big-Government/2014/03/21/White-House-Leads-Liberal-Media-In-Matt-Drudge-Attack
Obviously, they are misinformed about the realities of Obamacare penalties that face many Americans now, not next year.
Self-employed journalist Matt Drudge has reported that he just paid his first penalty for opting out of Obamacare. His breaking of this news created a firestorm of denials from the main stream media:
http://www.breitbart.com/Big-Government/2014/03/21/White-House-Leads-Liberal-Media-In-Matt-Drudge-Attack
Obviously, they are misinformed about the realities of Obamacare penalties that face many Americans now, not next year.
Mar 21, 2014 21:27:57 #
Are Obamacare opt-out payments a "penalty" or a "tax?" Apparently, taxes can be pre-paid, penalties cannot be pre-paid.
This is something the IRS people and the business accountants will have to sort out; to see whose interpretation is correct. This is important not just for Drudge, but for everyone who pays quarterly tax estimates.
This is something the IRS people and the business accountants will have to sort out; to see whose interpretation is correct. This is important not just for Drudge, but for everyone who pays quarterly tax estimates.
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