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.
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Many reports have claimed that enforcement of the individual mandate will be non-existent, but Shulman’s answers indicate differently. According to BusinessWeek, starting in 2015 Americans who don’t purchase insurance will be subject to a fine of $325 and that sum increases to $695 in 2016. However, the commissioner seemed confident that in most cases individuals would either receive subsidies to purchase insurance or simply do so on their own in order to comply with the law.
Most people are law abiding. That keeps the criminal class a minority, or in Congress.
“The vast majority of American people have a healthy respect for the law and want to be compliant with their tax obligations,” Shulman said, mentioning letters, collection notices and offsets as among the various ways the IRS will reach out to people without coverage.
Letters, collection notices, and ... what are "offsets?" And what are the other "various ways" the IRS will "reach out to people without coverage?" Can people who don't buy insurance simply ignore the IRS' attempts at collection? Is the law really toothless?
Of one thing I am totally sure, at some point, people with guns will show up at your door to enforce compliance. Al Capone was convicted and imprisoned on a tax rap.
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