IRS to Enforce Health Reform | WHAT REALLY HAPPENED

IRS to Enforce Health Reform

If either an individual or a business has failed to comply with this mandate for any month out of the year, they are required to pay a separate tax to the IRS. For individuals this is a maximum of $750 per person (up to $2,250 per household) and $750 per uncovered employee for businesses.

Because these penalties would each apply on a monthly basis, individuals and employers would have to pay 1/12th of the maximum penalties for each month they failed to comply with the mandates.

In order to carry out its new monitoring and enforcement duties, the Congressional Budget Office estimated that the IRS will need $10 billion in additional funds, funds which were not made available under the health reform bill.

Webmaster's Commentary: 

Goodbye, small businesses in America!

You were the engine driving the growth of this country, but it is obvious that you will no longer be allowed to survive, under these regulations.

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