The Pronk Pops Show 230, March 24, 2014, Story 1: Drudge Opts Out of Obamacare and Pays Obamacare Tax Penalty As Small Business Owner — Press Clueless That Small Businesses Are Required To Pay Estimated Taxes Each Quarter in 2014 — CTD — Circling The Drain — Videos

Posted on March 24, 2014. Filed under: American History, Blogroll, Budgetary Policy, Communications, Constitutional Law, Crime, Drugs, Economics, Education, Elections, Employment, Fiscal Policy, Government, Health Care, Health Care Insurance, History, Illegal Immigration, Immigration, Law, Media, Philosophy, Photos, Politics, Regulation, Religion, Scandals, Security, Tax Policy, Terror, Terrorism, Videos, Violence, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 230: March 24, 2014

Pronk Pops Show 229: March 21, 2014

Pronk Pops Show 228: March 20, 2014

Pronk Pops Show 227: March 19, 2014

Pronk Pops Show 226: March 18, 2014

Pronk Pops Show 225: March 17, 2014

Pronk Pops Show 224: March 7, 2014

Pronk Pops Show 223: March 6, 2014

Pronk Pops Show 222: March 3, 2014

Pronk Pops Show 221: February 28, 2014

Pronk Pops Show 220: February 27, 2014

Pronk Pops Show 219: February 26, 2014

Pronk Pops Show 218: February 25, 2014

Pronk Pops Show 217: February 24, 2014

Pronk Pops Show 216: February 21, 2014

Pronk Pops Show 215: February 20, 2014

Pronk Pops Show 214: February 19, 2014

Pronk Pops Show 213: February 18, 2014

Pronk Pops Show 212: February 17, 2014

Pronk Pops Show 211: February 14, 2014

Pronk Pops Show 210: February 13, 2014

Pronk Pops Show 209: February 12, 2014

Pronk Pops Show 208: February 11, 2014

Pronk Pops Show 207: February 10, 2014

Pronk Pops Show 206: February 7, 2014

Pronk Pops Show 205: February 5, 2014

Pronk Pops Show 204: February 4, 2014

Pronk Pops Show 203: February 3, 2014

Pronk Pops Show 202: January 31, 2014

Pronk Pops Show 201: January 30, 2014

Pronk Pops Show 200: January 29, 2014

Pronk Pops Show 199: January 28, 2014

Pronk Pops Show 198: January 27, 2014

Pronk Pops Show 197: January 24, 2014

Pronk Pops Show 196: January 22, 2014

Pronk Pops Show 195: January 21, 2014

Pronk Pops Show 194: January 17, 2014

Pronk Pops Show 193: January 16, 2014

Pronk Pops Show 192: January 14, 2014

Pronk Pops Show 191: January 13, 2014

Pronk Pops Show 190: January 10, 2014

Pronk Pops Show 189: January 9, 2014

Pronk Pops Show 188: January 8, 2014

Pronk Pops Show 187: January 7, 2014

Pronk Pops Show 186: January 6, 2014

Pronk Pops Show 185: January 3, 2014

Story 1: Drudge Opts Out of Obamacare and Pays Obamacare Tax Penalty As Small Business Owner — Press Clueless That Small Businesses Are Required To Pay Estimated Taxes Each Quarter in 2014 — CTD — Circling The Drain — Videos

obamacare-tax

The News Reader

obamacare-mt-rushmoreTaxPenalty 

healthcare-obamacare-penalty-tax-cost-chart

MAP MASTER

he-lied-obamacare-obama-tax-increase-obama-obamacare-politics-1341486707

  obamacare-individual-mandate-tax

Obamacare-Penalty-Amount

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obamacare-halloween-white-house

obamacare-cartoon-oct-2013-3obamacare-everyone-hates-political-cartoon

Avoiding ObamaCare Tax

The Lies That Grew Up To Be Obamacare

ObamaCare Lies

WH adviser slams Drudge Report for impact on media

Matt Drudge is right, Estimated Taxes include Obamacare opt-out penalty

eHealth – How Much are the Obamacare Tax Penalties, and When Do They Apply?

Estimated Taxes

Obamacare Penalties: The Big Mistake Millions Are Making

Pay The Obamacare Penalty and Save The Money – Ron Meyer – Stuart Varney – FBN – 8-20-13

Matt Drudge Opts Out of Obamacare ‘For Life’

Opt-out Obamacare penalty actually can’t be enforced unless you get a tax refund (Limbaugh)

ObamaCare Fines, Fees and Expenses Explained pt1

ObamaCare Fines, Fees and Expenses Explained pt2

The Best of George Carlin: Exposing our government and fall of humanity one joke at a time

George Carlin – “I Gave Up On My Species” –

We Are Circling The Drain

Circling The Drain (CTD)

soros_obama

‘LIBERTY TAX’: WHITE HOUSE, MEDIA ATTACK AFTER DRUDGE PAYS OBAMACARE OPT-OUT PENALTY

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.

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

Jesse Lee, the Director of Progressive Media at Barack Obama’s White House, respondedthat that was a “Flat lie, no fee for previous year,” adding, “Scary how much influence he once had.”

Lee’s response to Drudge set off a firestorm in the liberal media, with many mainstream media and left-wing reporters countering him on Twitter and in their own articles to claim he does not have to pay Obamacare’s Individual Mandate tax until next year. The individual mandate went into effect Jan. 1 of this year, and most people paying their taxes right now are paying taxes for 2013.

“Dude, there’s no penalty until next yr,” Sahil Kapur of the leftwing Talking Points Memotweeted.

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.

The Huffington Post’s Jeffrey Young wrote a full article in which he described Drudge’s tweet as “weird” and a “little head-scratching” because the Obamacare tax does not kick in until the 2014 tax year.

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.

“As a self-employed individual, generally you are required to file an annual return and pay estimated tax quarterly,” the IRS website reads.

So, when they file and pay those 2014 first quarter taxes, such individuals have to pay the Obamacare Individual Mandate tax if they opted to not have health insurance—like Drudge just did.

Additionally, the IRS form (1040-ES) for estimating quarterly taxes specifically recommends adding the mandate penalty to line 12 for “other taxes” — to pay before the first quarterly deadline of April 15.

“It is true that thousands of small businesses will be forced to pay Obamacare taxes quarterly in 2014,” a Senate Budget Committee aide told Breitbart News on Friday afternoon.

Drudge even indicated as much in followup tweets, but the left-wing reporters—and the White House—have left their criticisms of him intact.

“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.”

http://www.breitbart.com/Big-Government/2014/03/21/White-House-Leads-Liberal-Media-In-Matt-Drudge-Attack

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