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What will be the outcome of Supreme Court and Obamacare or ACA?
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<blockquote data-quote="bbsam" data-source="post: 957459" data-attributes="member: 22662"><p>Brett</p><p></p><p>Your point is well taken about taxes but I am still confused about penalties. If a person is one day late interest and penalties add up exponetially. In fact, the interest and penalties are often far more agregious than the tax. The two are separate. The penalties and interest are the government's response to the entity not paying the tax on time. That is the entity did not act accordin to congress' time table for tax payment. We know that congress has the power to levy taxes, but where does the power originate from to collect the penalties and interest? Seems to me that congress can penalize for not taking action.</p></blockquote><p></p>
[QUOTE="bbsam, post: 957459, member: 22662"] Brett Your point is well taken about taxes but I am still confused about penalties. If a person is one day late interest and penalties add up exponetially. In fact, the interest and penalties are often far more agregious than the tax. The two are separate. The penalties and interest are the government's response to the entity not paying the tax on time. That is the entity did not act accordin to congress' time table for tax payment. We know that congress has the power to levy taxes, but where does the power originate from to collect the penalties and interest? Seems to me that congress can penalize for not taking action. [/QUOTE]
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What will be the outcome of Supreme Court and Obamacare or ACA?
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