The House version of the health care bill passed Saturday, HR 3962, imposes a 2.5% penalty tax on anyone who fails to obtain acceptable health care coverage. (Internal Revenue Code Sec. 59B(a) [pg. 297 of PDF]). However the bill does provide a "conscience exemption" for members of religious sects whose tenets reject insurance benefits. The exemption in Section 501of the bill [IRC Sec. 59B(c)(5) at pg. 299 of PDF] tracks the exemption from payment of social security and self-employment taxes for members of groups such as the Old Order Amish, described in Section 1402(g) of the Internal Revenue Code. (See prior related posting.)
Monday, November 09, 2009
Subscribe to:
Post Comments (Atom)
.jpg)
Posts
1 comments:
Figures they'd put that in. It may now be time to become a member of one of those sects I guess.
It is incredible to me that this was rushed through in such a reckless and “in your face, Americans” mentality. What happened to openness and discussion? Oh, I know, it doesn’t matter what the people think. What a sham our gov is turning out to be. I suppose it explains in part why when I checked the price of gold this morning with the widget, ExactPrice, that it had jumped up to $1111.60 and ounce. The financial markets see the dollar tanking in the face off all this spending by our gov and so bounce goes the gold. Just amazing. No wonder India and China are trying to use their dollar reserves to purchase other investments.
What gets me is that I'm seeing reports that you will have to show you are insured on you income tax and if not you will be fined and face prison! Is this America? And it would seem the illegal and legal immigrants are exempt from this. Talk about a bizzaro world if this true.
Oh, and check out this Real Time US Debt Clock. Incredible.
Post a Comment