parrotpatriot is back!!

TAX ON INDIVIDUALS WITHOUT ACCEPTABLE HEALTH CARE COVERAGE

Posted by parrotpatriot on August 14, 2009

Cut inefficiencies by increasing the size of the government and taking over WHAT PERCENTAGE OF THE ECONOMY???? This man makes no sense!!!

The President just told the American people that he stands by his campaign promise to not raise taxes on people who make over $250,000. Liar, liar, pants on fire. Under the following section of H.R. 3200, there are no base income amounts mentioned. In other words, even poor people will be assessed a tax of 2.5% for not having the government-approved coverage.

TITLE IV—AMENDMENTS TO INTERNAL REVENUE CODE OF 1986
Subtitle A—Shared Responsibility
PART 1—INDIVIDUAL RESPONSIBILITY
SEC. 401. TAX ON INDIVIDUALS WITHOUT ACCEPTABLE HEALTH CARE COVERAGE.
IN GENERAL.—Subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new part:
‘‘PART VIII—HEALTH CARE RELATED TAXES
‘‘SUBPART A. TAX ON INDIVIDUALS WITHOUT ACCEPTABLE HEALTH CARE COVERAGE.
‘‘Subpart A—Tax on Individuals Without Acceptable
Health Care Coverage
‘‘Sec. 59B. Tax on individuals without acceptable health care coverage.
‘‘SEC. 59B. TAX ON INDIVIDUALS WITHOUT ACCEPTABLE
HEALTH CARE COVERAGE.
‘(a) TAX IMPOSED.—In the case of any individual who does not meet the requirements of subsection (d) at any time during the taxable year, there is hereby imposed a tax equal to 2.5 percent of the excess of
‘‘(1) the taxpayer’s modified adjusted gross income for the taxable year, over
‘‘(2) the amount of gross income specified in section 6012(a)(1) with respect to the taxpayer.
‘‘(b) LIMITATIONS.—
‘‘(1) TAX LIMITED TO AVERAGE PREMIUM.—
‘‘(A) IN GENERAL.—The tax imposed under subsection (a) with respect to any taxpayer for any taxable year shall not exceed the applicable national average premium for such taxable year.

EARTH TO OBAMA SUPPORTERS: WE ARE NOT MAKING THIS STUFF UP TO SCARE YOU – IT’S REAL!

BUT IT DAMN WELL OUGHT TO SCARE YOU!!!!

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One Response to “TAX ON INDIVIDUALS WITHOUT ACCEPTABLE HEALTH CARE COVERAGE”

  1. […] SEC . 401. TAX ON INDIVIDUALS WITHOUT ACCEPTABLE HEALTH CARE COVERAGE. IN GENERAL.—Subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new part: ”PART VIII—HEALTH CARE RELATED …Continue Reading… […]

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