Don't forget to pay the OcareTAX this...

Don't forget to pay the OcareTAX this quarter

Posted in the Jackson-Heights Forum

YOU ARE PAYING 4 SLACKERS

Dover, OH

#1 Mar 23, 2014
A White House aide set off a stampede of liberal media criticism for Internet news pioneer Matt Drudge over Obamacare – but his critics don't seem to understand how small businesses pay taxes.

The brouhaha started when Drudge tweeted,“Just paid the Obamacare penalty for not 'getting covered'... I'M CALLING IT A LIBERTY TAX.”

Jesse Lee, the Director of Progressive Media at Barack Obama's White House, responded that that was a “Flat lie, no fee for previous year,” adding,“Scary how much influence he once had.”

Lee’s response to Drudge set off a firestorm in the liberal media, with many mainstream media and left-wing reporters countering him on Twitter and in their own articles to claim he does not have to pay Obamacare’s Individual Mandate tax until next year. The individual mandate went into effect Jan. 1 of this year, and most people paying their taxes right now are paying taxes for 2013.

“Dude, there's no penalty until next yr,” Sahil Kapur of the leftwing Talking Points Memo tweeted.

Kapur’s colleague at TPM Dylan Scott wrote a full story with a headline alleging Drudge was “probably lying.”

“Americans don't pay a penalty for not having health insurance until they file their 2014 taxes -- in 2015,” Scott wrote.“So either Drudge is lying or he paid a huge penalty a year earlier than he needed to.”

“Penalty isn't collected until 2015,” Sam Baker of National Journal tweeted at Drudge.

The Huffington Post’s Jeffrey Young wrote a full article in which he described Drudge’s tweet as “weird” and a “little head-scratching” because the Obamacare tax does not kick in until the 2014 tax year.

Drudge indicated in his followup tweets that since he is self-employed as the proprietor of The Drudge Report, he files as a small business. According to the IRS’s website for self-employed individuals, they are required to pay taxes quarterly.

“As a self-employed individual, generally you are required to file an annual return and pay estimated tax quarterly,” the IRS website reads.

>>>>>>> >>>>>>> >>>>>>> >>>>>>> >>>>>So, when they file and pay those 2014 first quarter taxes, such individuals have to pay the Obamacare Individual Mandate tax if they opted to not have health insurance—like Drudge just did.

Additionally, the IRS form (1040-ES) for estimating quarterly taxes specifically recommends adding the mandate penalty to line 12 for "other taxes" -- to pay before the first quarterly deadline of April 15. <<<<<<< <<<<<<< <<<<<<< <<<<<<< <<<<<<< <<<<<<

“It is true that thousands of small businesses will be forced to pay Obamacare taxes quarterly in 2014,” a Senate Budget Committee aide told Breitbart News on Friday afternoon.

Drudge even indicated as much in followup tweets, but the left-wing reporters—and the White House—have left their criticisms of him intact.

“Dazed team Obama media reporters think Opt-Out tax 'year away’?” Drudge tweeted.“Not for small businesses that file Qtr estimates. We're there NOW, baby #pay."

--DRUDGE

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Jackson-Heights Discussions

Title Updated Last By Comments
News Thousands Protest Roe V. Wade Decision (Jan '08) 2 min Freedomofexpression 318,313
Yankee talk back 4, or is it 5 (Aug '08) 35 min NYStateOfMind 341,130
Juan Williams 39 min Ace 2
Poor people should pack up and leave New York 45 min Ace 5
Drop a Word, Add a Word (Jan '10) 46 min Princess Hey 17,680
Add a word, Drop a word (Dec '09) 54 min Princess Hey 18,808
President Trump's first 100 days - Roadmap to D... (Nov '16) 1 hr NEMO 5,406

Jackson-Heights Jobs

More from around the web

Personal Finance

Jackson-Heights Mortgages