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Well no liberty loving American is happy about the Obamacare law, but it is a reality. We know that we are not penalized for not having health insurance. Instead we are taxed! But to add insult to injury new Obamacare tax forms are being released by the Americans for Tax Reform and not only are they complicated and long, but they also require you to submit some personal health information to Internal Revenue Agents.

The ATR website reports,

When Obamacare’s individual mandate takes effect in 2014, all Americans who file income tax returns must complete an additional IRS tax form. The new form will require disclosure of a taxpayer’s personal identifying health information in order to determine compliance with the Affordable Care Act’s individual mandate.

As confirmed by IRS testimony to the tax-writing House Committee on Ways and Means, “taxpayers will file their tax returns reporting their health insurance coverage, and/or making a payment”.

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Categories: Money, Obamacare, Tax, US News