Friday, November 6, 2009

HR 3962: Buy a $15,000 Policy or Face Jail Time

More reasons to oppose H.R. 3962:

"Today, Ranking Member of the House Ways and Means Committee Dave Camp (R-MI) released a letter from the non-partisan Joint Committee on Taxation (JCT) confirming that the failure to comply with the individual mandate to buy health insurance contained in the Pelosi health care bill (H.R. 3962, as amended) could land people in jail. The JCT letter makes clear that Americans who do not maintain “acceptable health insurance coverage” and who choose not to pay the bill’s new individual mandate tax (generally 2.5% of income), are subject to numerous civil and criminal penalties, including criminal fines of up to $250,000 and imprisonment of up to five years....

“H.R. 3962 provides that an individual (or a husband and wife in the case of a joint return) who does not, at any time during the taxable year, maintain acceptable health insurance coverage for himself or herself and each of his or her qualifying children is subject to an additional tax.” [page 1]

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“If the government determines that the taxpayer’s unpaid tax liability results from willful behavior, the following penalties could apply…” [page 2]

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“Criminal penalties

Prosecution is authorized under the Code for a variety of offenses. Depending on the level of the noncompliance, the following penalties could apply to an individual:

• Section 7203 – misdemeanor willful failure to pay is punishable by a fine of up to $25,000 and/or imprisonment of up to one year.

• Section 7201 – felony willful evasion is punishable by a fine of up to $250,000 and/or imprisonment of up to five years.” [page 3]


According to the Congressional Budget Office the lowest cost family non-group plan under the Speaker’s bill would cost $15,000 in 2016.


Anonymous said...

The $15,000 is actually a maximum.
The tax is equal to 2.5% of your adjusted gross annual income.

For example, if your adjusted gross annual income is $50,000, the tax is $1,250.

Anonymous said...

The real crime is that even if you pay the tax you still have no insurance. It just goes to another slush fund for the thieves in congress.Tim the tax cheat and his other cheating buddies are supposed to make us pay these bogus taxes? Congress should pay all their taxes owed and show their faith in this plan by leading the way by putting themselves on it first.