Hear that media? Despite the shielding of criticism towards both the man and his namesake, small businesses WILL be paying Obama's 'liberty tax' this year. And by piling on Drudge for abiding by the law, the media have displayed not only their ignorance of the law, but also their blind allegiance to this left-wing administration.WT: Left leaning media outlets criticized Internet news mogul Matt Drudge’s tweets on Friday, but the backlash stemmed from a misunderstanding of how Obamacare will affect small businesses.
On Friday, Matt Drudge tweeted, “Just paid the Obamacare penalty for not ‘getting covered’… I’M CALLING IT A LIBERTY TAX!”
A few minutes later, Jason Lee, the Director of Progressive Media at the White House, tweeted a response, saying Mr. Drudge’s tweet was a, “flat lie, no fee for previous year. Scary how much influence he once had.”
From there, the tweets came rolling in, attacking Mr. Drudge via social media and liberal news outlets, Breitbart reported.
What each critical tweeter and pundit failed to realize was that Mr. Drudge, as the self-employed proprietor of The Drudge Report, files taxes as a small business on a quarterly basis.
The IRS requires self-employed business owners to file annual returns and pay estimated quarterly taxes. When entrepreneurs like Mr. Drudge file their 2014 first quarter taxes, they have to pay the individual health care mandate if they are not getting Obamacare coverage.
The IRS form also allows adding the mandate to the section labeled “other taxes,” hence Mr. Drudge’s chosen name “Liberty tax.” A Senate Budget Committee aide told Breitbart News, “It is true that thousands of small businesses will be forces to pay Obamacare taxes quarterly in 2014.”
Rush also discussed the topic this morning, as he will also be affected by this tax on liberty...
Related links: Liberals Outraged After Obamacare Opt-Out Penalty Deemed “Liberty Tax”
White House and left wing media lie about ObamaCare penalty
