The media that still carries the water for this disastrous administration is just as stupid.
http://www.rushlimbaugh.com/daily/2014/03/24/drudge_shines_light_on_ignorant_mediaDrudge Shines Light on Ignorant MediaRUSH: I think the mainstream media is pig-ignorant of practically every discipline except party discipline. Now, here's basically what happened.
Matt Drudge is a self-employed small businessman.
As a result, Matt Drudge pays himself.
He does not have an employer. Therefore, he does not the get paychecks that contain all kinds of withholding for taxes and Medicare and FICA, Social Security, and whatever else.
He has to pay all of his taxes separately and independently because they're not deducted. As such, as a small businessman, Matt Drudge and millions of others just like him -- including your harmless, lovable little fuzzball host --
pay our taxes every quarter.
We have to pay what are called quarterly estimates. This is what Matt Drudge does, and it can get a little complicated. April 15th, the first payment is due. June the 15th, the second payment is due. September 15th, the third payment is due. And on January 15th of the next year, the fourth and final payment is due.
Therefore, the first payment for the 2015 income tax year, Matt Drudge has to pay it on April the 15th, as does everybody else who files quarterly estimate.
This simple fact is something that the smartest (by reputation) mainstream media reporters simply cannot understand and cannot get their arms around. Matt Drudge sent out a tweet on Friday in which he said that his first quarterly estimate coming up in April he will be paying his Obamacare penalty for not having insurance. In his tweet, he called it "a liberty tax," and the media jumped all over him!
They called him a liar. They told him he didn't know what he was talking about. Mainstream media reporters! The White House jumped all over Drudge with their agents on Twitter, Facebook, and the rest of the mainstream media. They said that Drudge was lying to embarrass Obama, that Drudge didn't know what he was talking about, that Drudge was stupid and that you don't have to pay your Obamacare penalty until 2015 because it's been delayed for a year.
Matt Drudge pointed out, "No, not for us. I have to pay my 2015 taxes starting in April of 2014," and they can't understand this. It is amazing the degree of ignorance. He has talked to three or four of these people in person. The last one he talked to has admitted that he's probably not lying but that he still doesn't have to do what he's doing.
The fact of the matter is, when you file your taxes next April for this year, in 2015 for 2014, everybody will have to pay the penalty.
Except those of us who pay quarterly estimates have to pay our taxes during the year. As independent contractors, we have to pay everything that's due (estimated) as it goes. The estimates can be very complicated. You can't simply take what you earned last year and divide it by four and make those payments, because, if you underestimate how much you owe, you get socked with a huge penalty. So the safest thing to do is overpay a little bit.