Hint: It has to do with Obamacare.
For those who have chosen to go uninsured under the Affordable Care Act, it’s in their best interest to have $0 in tax refunds coming to them for the 2014 tax year.
Most Americans wouldn’t dream of planning ahead to ensure that they won’t get a tax refund. But for those who have chosen to go uninsured under the Affordable Care Act, it’s in their best interest to have $0 in tax refunds coming to them for the 2014 tax year.
Why? Those who have not enrolled inObamacare or any other approved plan in 2014, thus going without health insurance, are subject to a penalty tax—either $95 or 1 percent of their 2014 income, whichever is higher.
Twila Brase—president and co-founder of Citizens’ Council for Health Freedom, a Minnesota-based national organization dedicated to preserving patient-centered health care and protecting patient and privacy rights—has told her readers and radio listeners that the IRS has only one method to collect this penalty tax: from Americans’ tax refunds.
Brase added that citizens will be in violation of the law if they choose not to pay the penalty, but that making sure that they have no tax refund coming to them will protect them from the IRS taking an incorrect amount of penalty tax from their refund.
Written by Deborah Hamilton
Read more at Charisma