- "monitor individuals and businesses’ health insurance statuses through the mandatory reporting the bill requires. Under the law, every individual and most businesses are required to report to the IRS, on their tax returns, whether they have purchased or provided the required level of coverage and disclose to the IRS which months, if any, in which they failed to do so.
Using this information, the IRS would then determine whether an employer or individual falls under the mandate, which contains exceptions for religious conscience, hardship, incarcerated persons, and members of Indian tribes.
If either an individual or a business has failed to comply with this mandate for any month out of the year, they are required to pay a separate tax to the IRS. For individuals this is a maximum of $750 per person (up to $2,250 per household) and $750 per uncovered employee for businesses. Article here.
Illegal immigrants are exempt from all the taxes and penalties in this law.
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6 comments:
Norma, I just heard that those making under $250,000 will ALSO have their taxes go up. This isn't over yet.
Really! Well, aren't we shocked, just shocked, that Obama lied about costs, transparency, reading the bill on line, etc. etc.
Got a source for that claim, or did you just hear through the grapevine?
No, no, I heard it on Fox News. They wouldn't lie to us. And I wouldn't lie to you.
Do you really think we'll believe you watch Fox! The balloon might collapse.
Again, to brave, brave anon, if you don't watch Fox and only watch Obamanews, how would you even have an awareness that there are another 3 or 4 viewpoints instead of only his? Conservatives can't avoid the big information picture--the liberal viewpoint is expounded all the major newspapers and all broadcast news. Liberals, on the other hand, can live for years in a dark, dank information cave, seeing no light, hearing no sound but the gurgle of their babbling media.
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