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Eliminate the IRS’ Role in Implementing and Enforcing Obamacare

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You haven’t seen anything yet. “As it collects data on potential violators of Obamacare’s coercive mandates, the IRS will be aided by the creation of a new Federal Data Services Hub, which will allow information to be collected and shared between the Department of Health and Human Services, the Department of Justice, the Department of Homeland Security, the Social Security Administration, the several states, and the IRS,” writes Jeffrey Anderson at The Weekly Standard.

Moreover, Obamacare will require Americans to update the IRS regularly on what’s going on in their lives. Marriages, divorces, job changes, moves, pay raises, even changes in numbers of hours worked—these are all things on which the IRS will expect to be kept well informed. During congressional testimony last summer, Rep. Tim Walberg (R.-Mich.) asked IRS official Nina Olson, “Do you believe that most Americans are going to update the IRS or state exchanges when they change jobs, get married, move states, whatever?” “I think it’s going to be a very great learning curve,” Olson replied. “I think it will be a surprise to taxpayers if they don’t update their information.”

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.