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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsLiar, Liar: TPM Catches Drudge With His Pants Down
There's just one problem: Americans don't pay a penalty for not having health insurance until they file their 2014 taxes -- in 2015. So either Drudge is lying or he paid a huge penalty a year earlier than he needed to.
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MORE:
http://talkingpointsmemo.com/livewire/drudge-individual-mandate-liberty-tax?utm_content=buffer3fee5&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
tkmorris
(11,138 posts)I may require therapy.
lob1
(3,820 posts)Nice catch tho. K&R.
KamaAina
(78,249 posts)Word on the street is that Drudge has an egg fetish. I totally did not know that was a thing. I can't even imagine how it works.
KamaAina
(78,249 posts)I guess he likes it over easy. Or maybe sunny side up.
jsr
(7,712 posts)OilemFirchen
(7,172 posts)Well, there's egg on his... something.
JaneyVee
(19,877 posts)I give up.
PoliticAverse
(26,366 posts)NuclearDem
(16,184 posts)If you are this derp, pay now.
Response to kpete (Original post)
pa28 This message was self-deleted by its author.
Gothmog
(155,434 posts)Either Drudge has an idiot doing his taxes or he is lying
okaawhatever
(9,548 posts)Cha
(305,835 posts)all the other assholes who lie about it.
PoliticAverse
(26,366 posts)If you haven't paid most of your 2014 taxes already before the April 2015 filing deadline you owe additional penalties.
See:
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Estimated-Taxes
http://www.irs.gov/taxtopics/tc306.html
http://www.irs.gov/pub/irs-pdf/f1040es.pdf
Since it is nearing the end of March, Drudge likely is referring to paying his first quarter's estimated tax.
Since Drudge apparently knows he won't be purchasing the required health insurance at all during the year he
knows what his penalty will be and can add 1/4th of it to his first estimated tax payment to avoid additional penalties.
randome
(34,845 posts)And even then the penalty isn't payable until 2016. So Drudge is a flat-out liar. And the more pissy Tweets he makes on the subject, the worse he looks.
He may be heading for a full-blown meltdown.
[hr][font color="blue"][center]Stop looking for heroes. BE one.[/center][/font][hr]
PoliticAverse
(26,366 posts)randome
(34,845 posts)Either way, he clearly lied when he said he paid a penalty unless he has more than 100 employees, which TPM and Huffington Post doubt.
[hr][font color="blue"][center]You should never stop having childhood dreams.[/center][/font][hr]
PoliticAverse
(26,366 posts)implying it is the individual penalty now in effect not the business one that Obama delayed.
joeglow3
(6,228 posts)Most likely, his business is a flow through entity. As such, all income of the business is included on his individual return. As such, he has no automatic withholding like most employed individuals do on their w-2. Thus, he is required to file quarterly estimated tax payments. Even the IRS recommends individuals include the penalty as "other taxes" on the 1040-ES. Sadly, he is correct. The idiot who mans the White House twitter feed fucked up.
randome
(34,845 posts)Unless that's the way he normally communicates. I confess to not being conversant with his mannerisms. But it's nice to see him caught lying to the world like this.
The longer he lies about this, the better for the world in general.
[hr][font color="blue"][center]You should never stop having childhood dreams.[/center][/font][hr]
UTUSN
(72,672 posts)Mariana
(15,190 posts)or that his lie was so easy to disprove. All his fans will believe it anyway. He wins.
joeglow3
(6,228 posts)Whoever mans the White House twitter feed:
See page two of the instructions for Form 1040-ES (bottom of first column):
http://www.irs.gov/pub/irs-pdf/f1040es.pdf