Saturday, March 22, 2014

‘Liberty Tax’: White House, Media Attack After Drudge Pays Obamacare Opt-Out Penalty TAX

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. - Breitbart

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



...“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....

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....

“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 Report: IRS form 1040 ES 2014 recommends us quarterly filers estimate and pay Obamacare tax NOW! ◼ http://www.irs.gov/pub/irs-pdf/f1040es.pdf http://t.co/fzby8u1h0b (p.2) Disgusting, I know...