truthsupplier
22-03-2010, 06:04 PM
But did you know "the rest of the story"? Get a load of this:
Highlights of New IRS Authority under ObamaCare
Nine page report from the U.S. House of Representatives Committee on Ways and Means on H.R. 3590, the Senate Democrats' health care bill.
The Wrong Prescription: Democrats' Health Overhaul Dangerously Expands IRS Authority
Committee on Ways and Means Republican Report
Prepared for Ranking Member Dave Camp (R-MI) and Charles Boustany (RLA),
Ranking Member of the Subcommittee on Oversight
March 18, 2010
EXECUTIVE SUMMARY
***Highlights of New IRS Authority***
* 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
* 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)
***SPECIAL EXEMPTION***
Democrats prohibit the IRS from imposing these taxes and penalties on illegal immigrants
http://camp.house.gov/UploadedFiles/HC_Overhaul_Dangerously_Expands_IRS_Authority.PDF
Highlights of New IRS Authority under ObamaCare
Nine page report from the U.S. House of Representatives Committee on Ways and Means on H.R. 3590, the Senate Democrats' health care bill.
The Wrong Prescription: Democrats' Health Overhaul Dangerously Expands IRS Authority
Committee on Ways and Means Republican Report
Prepared for Ranking Member Dave Camp (R-MI) and Charles Boustany (RLA),
Ranking Member of the Subcommittee on Oversight
March 18, 2010
EXECUTIVE SUMMARY
***Highlights of New IRS Authority***
* 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
* 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)
***SPECIAL EXEMPTION***
Democrats prohibit the IRS from imposing these taxes and penalties on illegal immigrants
http://camp.house.gov/UploadedFiles/HC_Overhaul_Dangerously_Expands_IRS_Authority.PDF