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#3157200 - 02/09/13 09:41 AM Re: no insurance fines through IRS [Re: Mike Belt]
mike243
16 Point


Registered: 09/06/06
Posts: 11243
Loc: east tn

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 Originally Posted By: Mike Belt
It was common occurance where I worked for people to sell their kids as deductions. Bookoos of people made the same thing I did, paid in less taxes, got one or more "freebie" checks for some type of program, and then received twice the tax return I did. I'm almost 100% sure that these people received "how to get over on the system" classes at their local churches.

my son called to set up apt with CPA to do their tax's,they give him a list of documents to bring to prove his kids live with him so uncle sam is finally wising up
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prayers sent for our friends in need every day

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#3157294 - 02/09/13 11:33 AM Re: no insurance fines through IRS [Re: tasaman]
Wes Parrish
16 Point


Registered: 06/12/02
Posts: 18645
Loc: Knoxville-Dover-Union City, TN

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 Originally Posted By: tasaman
I am so sick of some idiots at work thinking they got a giant check from the government for free. How do these people continue to exist is beyond me. Sorry for the rant guys but I had to vent.
x 2
Although there are SOME people getting thousands of dollars back in tax "credits" who pay zero income tax and had nothing withheld from a paycheck. But it ain't "free". It just causes those of us who pay to pay more, so some can pay less or nothing. In actuality, it can be more of a "welfare" payment under the guise of a tax "credit". Just pointing this out as an "aside", while am totally agreeing that too many people are clueless as to the true nature of their tax "refunds".

ORIGINALLY, there was no "withholding" from paychecks when the federal income tax began. It was just an annually assessed tax, once a year, somewhat like property taxes, except that it was based on your income instead of your property. When federal income tax began in 1913, it was only a 1% income tax on people making over $100,000. And that was $100,000 in 1913 or more like someone making a million dollars a year today! It had wide appeal to the masses, who were promised it would only be a tax on the rich.

As some say, "We come a long way, baby."

Politicians quickly realized how quickly they could gain new controls & powers if they could simply raise the rates and have them "progressively" apply to a much broader group of wage earners. This may have been the true beginning of career politicians instead of true "public servants", or as envisioned by the Founding Fathers, those with noble careers dedicating some of their time to "serve" thru a temporary role in a government for the people, of the people. Instead, career politicians saw themselves more like powerful executives of a monopoly business (the government), which they could grow and expand much like any monopoly.

One big problem. If the masses were given a single annual tax bill like this, they would revolt against it. Thus, a "con" of systematic paying IN ADVANCE was created via "withholding" from workers' paychecks. This way, most people wouldn't pay as much attention to just how much their annual income tax was. And to make them FEEL better, OVER-WITHHOLDING was encouraged, so that workers would be eager to file to get their refunds of over-payments. In fact, focus has stupidly shifted from the actual tax to the refund. Too many Americans are now clueless to their actual tax, but can tell you the amount of their refund.

But worse, when the time value of money is considered, the true cost of a worker's income tax is much higher than what he pays. What if credit cards waited 1 year before crediting your monthly payments? Same difference.

Think about it. Much like very slowly turning up the heat in boiling a live frog, we've spent the past 100 years (1913 - 2013) going from a 1% income tax on "only the rich", to an outright "soaking" of the Middle Class workers. Then we're hit with this class warfare rhetoric that the rich aren't paying their fair share (they actually pay much more than their fair share imo). We've come full circle. This whole income tax began with a class warfare rhetoric to tax the rich in 1913, and is now being used again to raise taxes on everyone.

MANY if not MOST Middle Class Americans today actually pay over half their annual incomes to a myriad of local, state, and federal taxes. (NOTE: Am including sales taxes, property taxes, etc.) Are WE (who work for a living) getting our money's worth for what we're paying into this growing government?

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#3157296 - 02/09/13 11:35 AM Re: no insurance fines through IRS [Re: stik]
Wes Parrish
16 Point


Registered: 06/12/02
Posts: 18645
Loc: Knoxville-Dover-Union City, TN

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 Originally Posted By: stik
 Originally Posted By: Bowdacious
I can name one that paid in 3k and got a "refund" of 9k. That's where my taxes went. I have had to pay more than they kept for the last 3 years

i can also name one that paid in less than $400 and got "back" $17k+

Yes, here's where it gets really confusing and complicated.

We were "conned" again when much of the 1990's welfare benefits were replaced with tax "credits". In essence, people with no income, and/or nothing withheld, are now paid "tax credits" to file a tax return. In some cases for some people, they may find these monetary benefits just lucrative enough that they have zero incentive to ever seek a job, much less a career.

Think about this.
Do you know anyone who has been told if he works beyond a certain number of hours annually, he'll have more to lose than he can make because of the loss in government benefits?

Meanwhile, big-screen TV, computer/internet, Obamaphone, food stamps, couch, government subsidized housing ------ "Why work?" ---- has become the attitude of too many.

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#3157305 - 02/09/13 11:49 AM Re: no insurance fines through IRS [Re: Wes Parrish]
Wes Parrish
16 Point


Registered: 06/12/02
Posts: 18645
Loc: Knoxville-Dover-Union City, TN

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Back to the original question, I see no way one would (beyond temporarily) escape the Obamacare fines. It's no different than failing to file a tax return. Eventually, it will catch up with you, plus additional penalties and interest. But don't be surprised if the politicians in power waive these penalties from any group that votes to keep them in power. In fact, they already have.
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#3157489 - 02/09/13 03:59 PM Re: no insurance fines through IRS [Re: Wes Parrish]
mr.big
Non-Typical


Registered: 01/03/01
Posts: 28420
Loc: Copper Head Road

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somewhere sometime somebody is gonna stand up,and refuse to pay,,and they just might refuse to be arrested also..
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you pretend it doesnt bother you but you just want to explode

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#3157613 - 02/09/13 05:51 PM Re: no insurance fines through IRS [Re: mr.big]
dr
10 Point


Registered: 02/24/03
Posts: 4140
Loc: USA

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Especially when they find out about all the socialists that will get an exemption.
_________________________
"Any man who thinks he can be happy and prosperous by letting the government take care of him --- better take a closer look at the American Indian." Henry Ford

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#3157699 - 02/09/13 06:41 PM Re: no insurance fines through IRS [Re: mike243]
Wildcat
Non-Typical


Registered: 06/10/00
Posts: 41304
Loc: Western Ky.

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 Originally Posted By: mike243
 Originally Posted By: Mike Belt
It was common occurance where I worked for people to sell their kids as deductions. Bookoos of people made the same thing I did, paid in less taxes, got one or more "freebie" checks for some type of program, and then received twice the tax return I did. I'm almost 100% sure that these people received "how to get over on the system" classes at their local churches.

my son called to set up apt with CPA to do their tax's,they give him a list of documents to bring to prove his kids live with him so uncle sam is finally wising up


Look again. They are only wising up to certain people and are still turning the other cheeck to the others.
_________________________
A Government that does not trust its law abiding citizens to keep and bear arms, is itself unworthy of trust..... - James Madison





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#3157764 - 02/09/13 07:30 PM Re: no insurance fines through IRS [Re: Wildcat]
CR500AFX
6 Point


Registered: 08/10/12
Posts: 537
Loc: ANDERSON CO.

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Redistribution of wealth...It doesn't matter if you work or not because you are ENTITLED to it.
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She told me if I go riding/hunting one more time she's gonna leave me......I'm gonna miss her...

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