It’s Not an Obamacare Tax: It’s an “Individual Shared Responsibility Payment”
Here’s your Orwellian Phrase for the Week: Individual shared responsibility payment. Yeah… Go ahead and try to wrap your brain around that amalgamation of contradictory concepts. The phrase is not gleaned from some glossy DNC spin-office, or a Harvard professor’s latest psychobabble posing as an academic paper. Apparently the phrase is the IRS’s fancy (new) term for the Obamacare Mandate tax that individuals will have to pay if they fail to get health insurance this year.
As reported by Americans for Tax Reform:
If you (or any of your dependents) do not maintain coverage and do not qualify for an exemption, you will need to make an individual shared responsibility payment with your return.
Posted by John J. Ray (M.A.; Ph.D.).