Main | Friday, March 21, 2014

Homocon Matt Drudge Busted Lying

Talking Points Memo calls him out:
It seems conservative monolith Matt Drudge is taking some pride in paying the penalty for not purchasing insurance under Obamacare. He's even got a name for it. There's just one problem: Americans don't pay a penalty for not having health insurance until they file their 2014 taxes -- in 2015. So either Drudge is lying or he paid a huge penalty a year earlier than he needed to. As this helpful IRS explainer details, Americans who go without insurance in 2014 should "make an individual shared responsibility payment with your 2014 tax return filed in 2015." "You will make the payment when you file your 2014 federal income tax return in 2015," it says. That's in part because the penalty is based on one's annual income.
TPM notes that Drudge Report is estimated to make a profit of about $10M - $15M a year. That means his penalty, if he mysteriously found a way to pay it a year early, would be about $3000. (Tipped by JMG reader Paul)

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