Thursday, March 18, 2010

Welcome to 1984!

New Law: 2.5% Fine for NOT buying
Obamacare Insurance...........
The New Constitutional Law just comes to light.....Welcome to 1984!

And this is the CHANGE we want?

In a stunning example of the level of arrogance and disregard for personal liberty coming out of Washington, more of the facts on Nancy Pelosi’s version of Obamacare are coming to light and they aren’t pretty. Furthermore, the non-partisan Congressional Budget Office estimates that the lowest cost family non-group plan under Pelosi’s “affordable health care” will cost $15,000 in 2016.

First and foremost, this legislation contains an mandate that you maintain a “level of acceptable health insurance” all year or face fines and possible jail time for continued non-compliance.

The failure to comply with the individual mandate to buy health insurance contained in the Obama Health Care Bill (H.R. 3962, as amended) could land people in jail. 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]

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

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

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


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