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Fri Mar 21, 2014, 03:54 PM

Liar, 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

24 replies, 3503 views

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Arrow 24 replies Author Time Post
Reply Liar, Liar: TPM Catches Drudge With His Pants Down (Original post)
kpete Mar 2014 OP
tkmorris Mar 2014 #1
lob1 Mar 2014 #2
KamaAina Mar 2014 #3
kpete Mar 2014 #9
KamaAina Mar 2014 #10
jsr Mar 2014 #4
OilemFirchen Mar 2014 #5
JaneyVee Mar 2014 #6
PoliticAverse Mar 2014 #15
NuclearDem Mar 2014 #7
pa28 Mar 2014 #8
Gothmog Mar 2014 #11
okaawhatever Mar 2014 #12
Cha Mar 2014 #13
PoliticAverse Mar 2014 #14
randome Mar 2014 #16
PoliticAverse Mar 2014 #17
randome Mar 2014 #18
PoliticAverse Mar 2014 #20
joeglow3 Mar 2014 #23
randome Mar 2014 #19
UTUSN Mar 2014 #21
Mariana Mar 2014 #22
joeglow3 Mar 2014 #24

Response to kpete (Original post)

Fri Mar 21, 2014, 03:56 PM

1. Terrible imagery

I may require therapy.

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Response to kpete (Original post)

Fri Mar 21, 2014, 03:57 PM

2. The surprise would be if they caught Drudge with his pants up.

Nice catch tho. K&R.

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Response to kpete (Original post)

Fri Mar 21, 2014, 03:58 PM

3. Were there eggs involved?

 

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.

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Response to KamaAina (Reply #3)

Fri Mar 21, 2014, 04:15 PM

9. egg?

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Response to kpete (Reply #9)

Fri Mar 21, 2014, 04:21 PM

10. I don't get it, either

 

I guess he likes it over easy. Or maybe sunny side up.

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Response to kpete (Original post)

Fri Mar 21, 2014, 03:59 PM

4. It's a keeper.

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Response to kpete (Original post)

Fri Mar 21, 2014, 04:02 PM

5. Licer, licer, pants on icer!

Well, there's egg on his... something.

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Response to kpete (Original post)

Fri Mar 21, 2014, 04:06 PM

6. matt Drudge doesn't have health insurance?

 

I give up.

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Response to JaneyVee (Reply #6)

Fri Mar 21, 2014, 08:10 PM

15. Drudge is reported to be worth over $100,000,000. Why should he have health insurance? n/t

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Response to kpete (Original post)

Fri Mar 21, 2014, 04:07 PM

7. I'm calling it a derpity tax.

 

If you are this derp, pay now.

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Response to kpete (Original post)


Response to kpete (Original post)

Fri Mar 21, 2014, 05:15 PM

11. This was a very stupid lie by Drudge

Either Drudge has an idiot doing his taxes or he is lying

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Response to kpete (Original post)

Fri Mar 21, 2014, 06:44 PM

12. Typical Republican spending habits. Spend a bunch of money on nothing, then lie about it. nt

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Response to kpete (Original post)

Fri Mar 21, 2014, 06:56 PM

13. Drudge is such Lair and obviously hates Obamacare as much as

all the other assholes who lie about it.

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Response to kpete (Original post)

Fri Mar 21, 2014, 08:08 PM

14. This is incorrect. Businesses (and individuals) must pay estimated taxes at least quarterly.

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.

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Response to PoliticAverse (Reply #14)

Fri Mar 21, 2014, 08:12 PM

16. The penalty only applies for businesses with more than 50 employees.

 

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]

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Response to randome (Reply #16)

Fri Mar 21, 2014, 08:14 PM

17. Is he referring to the business penalty or the individual one (which is in effect now)? n/t

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Response to PoliticAverse (Reply #17)

Fri Mar 21, 2014, 08:16 PM

18. In one of his Tweets, he mentioned the penalty that small businesses pay.

 

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]

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Response to randome (Reply #18)

Fri Mar 21, 2014, 08:35 PM

20. In his tweet he says "Ministry of Love calls it the 'Individual Shared Responsibility Payment'"

implying it is the individual penalty now in effect not the business one that Obama delayed.

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Response to randome (Reply #18)

Mon Mar 24, 2014, 11:46 PM

23. He is saying he owes the individual penalty

 

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.

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Response to kpete (Original post)

Fri Mar 21, 2014, 08:20 PM

19. His Tweets sound more and more unhinged.

 

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]

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Response to kpete (Original post)

Fri Mar 21, 2014, 08:45 PM

21. what, obamacare doesn't cover chaimphaigne bruches?!1

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Response to kpete (Original post)

Fri Mar 21, 2014, 08:48 PM

22. Doesn't matter that he lied

or that his lie was so easy to disprove. All his fans will believe it anyway. He wins.

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Response to Mariana (Reply #22)

Mon Mar 24, 2014, 11:48 PM

24. Sadly, he is correct

 

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

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