While the IRS is a private agency owned by the Fed, it certainly holds full pedal power using the fedgov as their enforcement agent. This snippet below sets aside any likelihood of the fedgov garnisheeing wages for premiums. If you are also re-assured that your checking account, pension, home equity, IRA, etc. could ever be accessed by government without your approval, you might want to open an overseas account in Cyprus.
There is a loophole in the law that would allow anyone to avoid the penalty. Under the law, the IRS has no power to garnish wages. The only power the IRS has is to reduce the refund one receives after filing the previous year’s tax return. If a person does not have any money withheld from their weekly paychecks and pays only what they owe in April, they can avoid paying the penalty even though technically they would still be breaking the law. NJ.COM
Submitted by Tyler Durden on 12/14/2013