Matt Drudge has once again tried to humiliate the POTUs..

[busterbrown]

Enjoy this perfect response in case anyone tries to talk about Obamacare penalties..

http://crooksandliars.com/2014/03/matt-drudge-makes-first-contribution

[PoliticAverse]

1. The person who wrote that has no clue as to how to actually calculate the penalty for not having

health insurance.

And Drudge is reputed to be worth over $100 Million. Why would he need to have any health insurance?

[busterbrown]

2. Who cares? Thats not what it's about..

He obviously doesn’t need it.. Point is he is pretending to make a point of being the 1st to pay the penalty. Penalties imposed by our Socialist President..
But please tell me... What exactly in the article is wrong...
Funny, that you made that your 1st point about the errors... rather than whats right about it..

[JaneyVee]

3. He doesn't need to have health insurance, that's the fun part.

He gets to pay for others that do need health insurance.

[busterbrown]

6. Agree... but you can bet his motive is to get the conversation about Socialist Penalties going..

Trouble is that he is a stupid man and has made himself look like an asshole again..

[JaneyVee]

8. Socialist penalties. I remember when conservatives used to

Call it "personal responsibility".

[busterbrown]

16. Good Point...... Personal Responsibility means exactly that to these people...

Responsible for their well-being..

[randome]

4. And he flat out lied about paying anything at all.

If he files as an individual, no penalty is due until 2015.
If he files as a small business owner with 50 or fewer employees, he pays no penalty.
If he files as a small business owner with fewer than 100 employees, he pays no penalty until 2016.

The consensus is that he has fewer than 50 employees.

Ergo, he lied. He's been called on it and his subsequent Tweets make him sound more and more unhinged. http://talkingpointsmemo.com/livewire/drudge-individual-mandate-liberty-tax

It's beautiful.
[hr][font color="blue"][center]You have to play the game to find out why you're playing the game. -Existenz[/center][/font][hr]

[PoliticAverse]

5. You've been corrected on this issue previously.

http://www.democraticunderground.com/10024705012#post14

[randome]

7. That's no correction.

The individual penalty is not due until 2015. Identifying his implied payment status means nothing beside the fact that he has to pay no penalty this year.

In other words, as stated in the article, if one is to believe him, he just gave an interest free loan to the government. In fact, the IRS is not even set up to accept penalty payments in this manner.

What are the odds that he would have done that?

The other clue that he lied is that his unhinged Tweets have stopped since being called on this.
[hr][font color="blue"][center]Everything is a satellite to some other thing.[/center][/font][hr]

[PoliticAverse]

10. "the IRS is not even set up to accept penalty payments in this manner.". Of course they are.

If you include 1/4 of your penalty in your estimated tax payment they will be cashing the check.

[randome]

11. Not according to TPM.

http://talkingpointsmemo.com/livewire/drudge-individual-mandate-liberty-tax

"That's perplexing," said Brian Haile, the senior vice president for health-care policy at Jackson Hewitt Tax Service, a tax-preparation company. The IRS has no mechanism in place yet to even accept individual mandate penalties and hasn't even published the tables taxpayers will use to work out how much they owe. Plus, any money sent in can't be earmarked especially for that, he explained.

Why do you keep trying to defend him? Are you saying you know how to calculate the tax when the IRS hasn't even published guidelines yet?
[hr][font color="blue"][center]No squirrels were harmed in the making of this post. Yet.[/center][/font][hr]

[PoliticAverse]

14. The amount of the penalty has been published by the IRS already. Do you think they make it up

at the last minute? It's part of the ACA.

As to the 'earmarked especially for that' why would you need to? You pay it with the same check
you pay your Income tax with April 15th, and if you are otherwise entitled to a refund the IRS just
deducts the penalty from the refund you are owed.

[randome]

15. Not buying it. You may be correct IF this happened exactly the way you say.

But Drudge's unhinged Tweets when asked about this -and his subsequent silence when he realized he was digging himself into a hole- is enough for me to believe TPM when they say he (probably) lied.

Also, he made an equal implication that he was paying as a business owner, not an individual. We can both cherry-pick whatever interpretation we want but my 'evidence' is the first paragraph of this post.
[hr][font color="blue"][center]If you don't give yourself the same benefit of a doubt you'd give anyone else, you're cheating someone.[/center][/font][hr]

[randome]

9. And what do you mean individuals must pay quarterly estimated taxes? Since when?

Drudge is reportedly worth $100 million. He's not worried about taxes except to complain about the small amount he does pay.
[hr][font color="blue"][center]Everything is a satellite to some other thing.[/center][/font][hr]

[PoliticAverse]

12. You can read about estimated tax payment requirements here:

http://www.irs.gov/publications/p505/ch02.html

This is usually not of concern to normal salaried employees as they meet the requirement through
paycheck tax withholding.

[randome]

13. No one knows his filing status. And he won't say.

Although he's more than happy to share his disdain of paying anything at all.

Doesn't change a thing. The IRS has no mechanism in place to accept penalty payments. Where would he have listed such a thing? There are no calculation tables for this.

Do you think he simply listed it under: "Do you wish to give the government an interest-free loan and how much?"
[hr][font color="blue"][center]Sometimes it seems like the only purpose in life is to keep your car from touching another's.[/center][/font][hr]

[busterbrown]

17. Are you saying that Matt Drudge is being attacked unfairly here?

Aren’t we all in on the fact that he is freaking creep intent on lying in any manner he can to destroy
the Affordable Healthcare Act.. But you continually argue that Drudge is being truthful in this situation.. You know what his motives are, so why are you defending him?
To show your knowledge of IRS Mechanics?

[AngryAmish]

19. Matt Drudge is a poo-filled liar.

[Keefer]

18. This may be what covers his a$$:

Health care coverage. When you file your 2014 tax
return in 2015, you will need to either (1) indicate on your
return that you and your family had health care coverage
throughout 2014, (2) claim an exemption from the health
care coverage requirement for some or all of 2014, or (3)
make a payment if you do not have coverage or an
exemption(s) for all 12 months of 2014. For examples on
how this payment works, go to www.IRS.gov/aca and click
under the “Individuals & Families” section. You may
want to consider this when figuring your “Other taxes” on
Line 12 of the 2014 Estimated Tax Worksheet. For
general information on these requirements, go to
www.IRS.gov/aca.

http://www.irs.gov/pub/irs-pdf/f1040es.pdf