Intermarkets' Privacy Policy
Support
« Overnight Open Thread - Caturday Edition (Mætenloch) | Main | Oh, Why Not: Germany Has Bald Bears »
November 22, 2009

Senate ObamaCare™ Bill implements novel "COLA adjusted" penalty/tax

I've never seen anything like this before in my life


INDEXING OF AMOUNT.—In the case
5 of any calendar year beginning after 2017, the
6 applicable dollar amount shall be equal to $750,
7 increased by an amount equal to—
8 ‘‘(i) $750, multiplied by
9 ‘‘(ii) the cost-of-living adjustment de
10 termined under section 1(f)(3) for the cal
11 endar year,
determined by substituting
12 ‘calendar year 2016’ for ‘calendar year
13 1992’ in subparagraph (B) thereof.
Well, at least the penalty is a far more "affordable" $750+COLA now rather than the figure in Pelosi's POS.

Also, far less offensive than the Pelosi POS, are the consequences if you fail to pay the tax/penalty:


WAIVER OF CRIMINAL AND CIVIL PENALTIES AND INTEREST.
—In the case of any failure
12 by a taxpayer to timely pay any tax imposed by this
13 section—
14 ‘‘(A) such taxpayer shall not be subject to
15 any criminal prosecution or penalty with respect
16 to such failure, and
17 ‘‘(B) no penalty, addition to tax, or inter
18 est shall be imposed with respect to such failure
19 or such tax.
20 ‘‘(2) LIMITED COLLECTION ACTIONS PERMITTED.
—In the case of the assessment of any tax
22 imposed by this section, the Secretary shall not take
23 any action with respect to the collection of such tax
24 other than—
1 ‘‘(A) giving notice and demand for such
2 tax under section 6303,
3 ‘‘(B) crediting under section 6402(a) the
4 amount of any overpayment of the taxpayer
5 against such tax, and
6 ‘‘(C) offsetting any payment owed by any
7 Federal agency to the taxpayer against such tax
8 under the Treasury offset program.’’.

IOW, PelosiPrisons™ have been ELIMINATED, as well as adding specific language prohibiting any action other than confiscating tax refunds or overpayments that might be coming back to you. IOW, they can't come and take your house and shit, garnish wages, etc.

Someone must have felt some scorching heat in the Senate to have stripped out the PelosiPrisons™ and substituted this much watered down penalty language.

PUBLIC PRESSURE APPARENTLY CAN GET ASPECTS OF THIS SHIT SANDWICH CHANGED. We should be encouraged by that even though the vote tonight didn't go our way. THEY ARE STARTING TO BEND.


digg this
posted by Purp at 12:12 AM

| Access Comments




Recent Comments
CrotchetyOldJarhead: "532>> Thanks Captain Obvious. Hows the lil' cran ..."

Islamic Rage Boy: "McDowell County is in some ways a place truly left ..."

CrotchetyOldJarhead: "531>> Dude! Get that shit fixed! You'll never get ..."

Conservative Crank: "COJ, losing some weight would probably have some o ..."

sven10077: "529 CrotchetyOldJarhead at April 23, 2014 06:36 AM ..."

fluffy: "Good morning, Horde ..."

CrotchetyOldJarhead: ""I plan to continue resistance as long as foolishl ..."

sven10077: "527 Islamic Rage Boy at April 23, 2014 06:34 AM (e ..."

Islamic Rage Boy: "A Pennsylvania woman will be charged today with al ..."

sven10077: "for the Ron or 'ette who has everything...or maybe ..."

Vic[/i]: " ..."

Conservative Crank: "One of these days by hook or by crook the combined ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64