Sunday, March 21, 2010

Directly From the Healthcare Bill

IRS agents verify if you have “acceptable” health care coverage;

IRS has the authority to fine you up to $2,250 or 2 percent of your income (whichever is greater) for failure to prove that you have purchased “minimum essential coverage;”

IRS can confiscate your tax refund;

IRS audits are likely to increase;

IRS will need up to $10 billion to administer the new health care program this decade;

IRS may need to hire as many as 16,500 additional auditors, agents and other employees to investigate and collect billions in new taxes from Americans; and

Nearly half of all these new individual mandate taxes will be paid by Americans earning less than 300 percent of poverty ($66,150 for a family of four.)

from Dan Riehl

2 comments:

Lloyd said...

I still can't believe that our law makers allowed this "JOKE" to get passed. May our Lord have mercy on their souls. Lloyd

Charles said...

It is rather astonishing that they'd ram through a 2,000 page bill nobody read.

"We have to pass the health-care-reform bill in order to find out what's in it."

--Nancy Pelosi