In response to:

Invading Your Privacy: The New ObamaCare Tax Form

Bear Trax Wrote: Nov 01, 2012 2:58 PM
If they want it, come and get it. The federal income tax over the years has been a rather voluntary system. With this, it will cease to be that. However, remember in the bill, Obama will have complete transaction authority over everyone's bank accounts to take what he pleases reguardless of what the money was intended to pay for. All these "pay-day loan" shops will begin selling money orders, and the banks will be stripped of capial when everyone pulls out their money due to the uncertainty and sky high fees.

We've been talking about ObamaTax all year long, but here is a grim reality. ObamaCare is going to happen by law unless it is stopped and at this point, it doesn't look like that will happen. Americans for Tax Reform is giving us a look at the new ObamaCare tax form. On top of being long and complicated, the form requires individuals to submit personal health information to IRS agents.

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...