Monday, March 29, 2010

Comment here on how the mandate will be enforced

Yup, here.!

16 comments:

Anonymous said...

How many taxpayers tend to owe tax on 4/15, and how many are due a refund? How many of those taxpayers who owe a tax are in the demographics most likely to be affected by the mandate? Enforcement will only be an issue to the extent a taxpayer has underpaid his taxes.

Anonymous said...

OOF.

PQuincy said...

Exactly my thought: while nonpayment may not lead to liens or prosecution, it will clearly lead (if not immediately, then in following years) to decreased refunds. For many of those affected, that will be an effective enforcement measure, no?

There are, of course, some who will still be able to game the system, notably self-employed individuals who underpay their estimated taxes.

But again--perhaps the failure to pay the fine is not lienable etc....but underpaying estimated taxes leads to penalties, doesn't it...especially if the underpayment is repeated and sustained?

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Fitzpatrickputs said...

How many taxpayers tend to owe tax on 4/15, and how many are due a refund? How many of those taxpayers who owe a tax are in the demographics most likely to be affected by the mandate? Enforcement will only be an issue to the extent a taxpayer has underpaid his taxes.