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