parrotpatriot is back!!

The Audacity of Congress

Posted by parrotpatriot on August 14, 2009

The terms “tax” or “taxes” is mentioned 92 times in H.R. 3200 – the healthcare so-called reform bill that is currently before Congress. Why? Why mention the IRS in a healthcare bill? Well, for one thing, the bill says you will be taxed 2.5% of AGI (that’s the last number on the front page of your Form 1040) for not having government-approved coverage. That could be a significant amount for many people. For someone with AGI of $50,000, the tax would be $1,250.

Get this: ‘‘(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…”

Read it for yourself:

http://www.box.net/static/flash/box_explorer.swf?widget_hash=rihd4uv01n&v=0&cl=0

Advertisements

2 Responses to “The Audacity of Congress”

  1. Pett said

    Hi, Not sure that this is true:), but thanks for a post.
    Thank you

    • Pett, I’m going to put a link at the top of my page called “legislation”, where you can download HR 3200 in its current form and count them yourself. It was easy to do with the “find” feature. 😉

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: