Obamacare: Tax the American people in Steve Watson and Paul Watson oblivion www.Http Prisonplanet.com on Tuesday, March 23, 2010 HR 3590, patient protection and care Act affordable, give it its full title, is rammed full of tax increases that will be even more economically paralyze the American people already working under the worst financial crisis since the great depression. Associated Reconciliation Bill currently in the Senate, also contains a series of tax hikes and pork barrel there for financing the cost of billions of dollars of nationalized medicine. Reported Bloomberg News today by the nonpartisan Congressional Joint Committee on taxation reveals that Bill will lead to 9.2 billion in additional taxes by 2019. In addition, the Congressional Budget Office says Bill will also charge nearly one billion penalties more for those who do not comply with the mandates to buy insurance. Journal of accounting is reduced to some of the hikes in taxes and duties of penalty HR 3590 and the Reconciliation Act highlights include: tax on individuals without insurance of individuals who do not maintain the minimum essential coverage is subject to a fine equal to 0. The fee for an unsecured individual under age 18 is half the adult rate. Excise tax on high cost employer plans the federal Government would impose a 40% tax on the value of health coverage exceeding certain thresholds employer-sponsored. These levels are expected to be 00 for one only ...
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