IRS Gears Up For Obamacare Implementation (To Help Administer All the Money You’ll Be Saving, of Course)

Doug Powers by Doug Powers on July 10th, 2012

This is article 164 of 300 in the topic Taxation/IRS

nullProbably the most laughable excuse for the expansion of the IRS due to the implementation of the health care law I’ve heard so far is “the agency will need more staff because they’ll be administering all the extra tax credits, cuts and other savings for millions of Americans found in Obamacare.” Even FactCheck.org is running with that administration propaganda as fact.

Read this AP article and see if you get a “I’m about to save a lot of money” vibe:

WASHINGTON (AP) – The Supreme Court’s decision to uphold most of President Barack Obama’s health care law will come home to roost for most taxpayers in about 2 1/2 years, when they’ll have to start providing proof on their tax returns that they have health insurance.

That scenario puts the Internal Revenue Service at the center of the debate, renewing questions about whether the agency is capable of policing the health care decisions of millions of people in the United States while also collecting the taxes needed to run the federal government.

Under the law, the IRS will provide tax breaks and incentives to help pay for health insurance and impose penalties on some people who don’t buy coverage and on some businesses that don’t offer it to employees.

The changes will require new regulations, forms and publications, new computer programs and a big new outreach program to explain it all to taxpayers and tax professionals. Businesses that don’t claim an exemption will have to prove they offer health insurance to employees.

The health care law “includes the largest set of tax law changes in more than 20 years,” according to the Treasury inspector general who oversees the IRS. The agency will have to hire thousands of workers to manage it, requiring significant budget increases that already are being targeted by congressional Republicans determined to dismantle the president’s signature initiative.

It’s called the Internal Revenue Service for a reason. Maybe Obama can get the name of the agency changed to the Internal Tax Credit Service before the election, because that’s what they’re expecting everybody to believe. Then again, Obama also expects everybody to believe that he was out-spent in 2008 and the reason the economy is in the tank is Mitt Romney.

And I’m sure the armies of lawyers businesses of all sizes will be forced to hire to make sure they’re in compliance will do wonders for the private sector economy (non lawyers hardest hit, as always).

Think about another thing… we have to prove we’ve purchased a product/service on our tax forms. What’s next? “Did you eat your veggies last year? And don’t lie because we’ve been watching you.”

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