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Well the IRS will be charging a fee to recover those things !!!
They will call it a fine for having one. Legal per the tax codes.
originally posted by: DontTreadOnMe
Wasn't this supposed to have only been taken from refunds.....and if you owed taxes.....they couldn't make you pay back any excess subside you received?
So, what is the truth here??
originally posted by: xuenchen
a reply to: rickymouse
Here's a piece for comparison...
National Health Expenditures 2013 Highlights
originally posted by: Daughter2
Most people probably wouldn't need to pay back more than $600.
And when people signed up they were told if the estimate too low they will have to pay back the money - so it shouldn't be a surprise.
The current Medicare system seems to generally be funded by payroll tax. 1.45% from paychecks, and 1.45% matched by the employer. How much would a full Medicare system cost?