Sep 252014
 

As the draft of the IRS’s new “Premium Tax Credit” form (8962) shows, the working poor who must use this form will need to learn college level accounting techniques.  The whopping 5 Part form includes 36 questions for a total of 145 data elements!  Some tax filing assistance organizations are claiming the new system will add 30% to their labor costs.

Think your off the hook if you’re exempted this year?  Nope, check this out!

IRS Form 8962: Premium Tax Credit

IRS Form 8962: Premium Tax Credit

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Sep 252014
 

If you thought being exempt from Obamacare would give you another year without adding to your tax reporting burden, think again.  Here’s a draft of the proposed form simply to declare and swear that you’re really exempt.  That’s not the worst of it–Form 8962 is is horrendously long and complex — and being inflicted on mostly low-income and low-education filers!

IRS Health Coverage Exemptions

IRS Health Coverage Exemptions

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Aug 072014
 

The Jefferson Area Tea Party (JATP) is pleased to announce that its Board of Directors voted unanimously to confer the honorary and perpetual title of Chair Emeritus upon Carole Thorpe. Current JATP President Mike Basile made the presentation to Mrs. Thorpe at the group’s monthly meeting held in July in Lane Auditorium in the Albemarle County Office Building. Delegate Rob Bell (R-58th District), slated as that evening’s guest speaker, was in attendance.

Mrs. Thorpe served three one-year terms as Chairwoman between 2010 and 2014. During her tenure, she was the driving force behind establishing a business-like foundation to ensure the JATP’s long term effectiveness, including the adoption of by-laws, becoming incorporated, and creating a voting membership.

In the early years, Mrs. Thorpe also personally handled numerous duties which are typically delegated to others by those holding her equally high level of office. These included executing detailed tasks for many public events, writing the e-newsletter and press releases, maintaining the database, and performing as the media spokesperson.

Following the presentation, Mrs. Thorpe thanked Mr. Basile, the Board of Directors, and the members of the JATP. She reaffirmed that the success of the JATP is a collective effort, and she expressed gratitude for the hard work and support she received during her years in leadership. Mrs. Thorpe pledged to “continually earn” her new title by being accessible as a senior advisor when called, and to fill the occasional need for help with media relations.

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Jul 212014
 

Once again, we see that President Obama views his oath of office as a promise to faithfully execute the laws he likes.

Territories Free of ObamaCare

The White House issues another illegal exemption.

wsj.com, July 21, 2014

Last week’s burst of world disorder was ideal for a news dump, and the White House didn’t disappoint: On no legal basis, all 4.5 million residents of the five U.S. territories were quietly released from ObamaCare. Where does everybody else apply? Continue reading »

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Jul 202014
 

By Davis Stockman (former US Budget Director under President Reagan)

Stock markets and corporate profits are at all time highs. Yet the true measure of main street economic health—-the share of adults who are employed—is at a modern low. It is said by traditionalist believers in sound money that we can not print our way to prosperity. These charts of the week provide some pretty stunning evidence of that truth….

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