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November 22, 2009

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

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

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:

—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.
—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

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