posted on Mar, 18 2010 @ 03:06 PM
‘‘(f) ENFORCEMENT OF HEALTH COVERAGE PARTICIPATION REQUIREMENTS.— ‘‘(1) CIVIL PENALTIES.—In the case of any employer who fails (during
any period with respect to which the election under subsection (a) is in effect) to satisfy the health coverage participation requirements with
respect to any employee, the Secretary may assess a civil penalty against the employer of $100 for each day in the period beginning on the date such
failure first occurs and ending on the date such failure is corrected. —
‘‘(6) DEPOSIT OF PENALTY COLLECTED.—Any amount of penalty collected under this subsection shall be deposited as miscellaneous receipts in the
Treasury of the United States
‘‘(c) EMPLOYERS ELECTING TO NOT PROVIDE HEALTH BENEFITS.— ‘‘(1) IN GENERAL.—In addition to other taxes, there is hereby imposed on
every nonelecting employer an excise tax, with respect to having individuals in his employ, equal to 8 percent of the compensation paid during any
calendar year by such employer for services rendered to such employer. ‘‘(2) EXCEPTION FOR SMALL EMPLOYERS.—Rules similar to the
‘‘Subpart B—Surcharge on High Income Individuals ‘‘Sec. 59C. Surcharge on high income individuals. ‘‘SEC. 59C. SURCHARGE ON HIGH
INCOME INDIVIDUALS. ‘‘(a) GENERAL RULE.—In the case of a taxpayer other than a corporation, there is hereby imposed (in addition to any other
tax imposed by this subtitle) a tax equal to— ‘‘(1) 1 percent of so much of the modified adjusted gross income of the taxpayer as exceeds
$350,000 but does not exceed $500,000, ‘‘(2) 1.5 percent of so much of the modified adjusted gross income of the taxpayer as exceeds $500,000 but
does not exceed $1,000,000, and ‘‘(3) 5.4 percent of so much of the modified adjusted gross income of the taxpayer as exceeds $1,000,000.
And I guess this bill connects the IRS, Govt, Health Care, and Education all nicely within one shiny paperclip:
SEC. 401. TAX ON INDIVIDUALS WITHOUT ACCEPTABLE HEALTH CARE COVERAGE.
(a) In General- Subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new part:
PART VIII--HEALTH CARE RELATED TAXES
subpart a. tax on individuals without acceptable health care coverage.
Subpart A--Tax on Individuals Without Acceptable Health Care Coverage
Sec. 59B. Tax on individuals without acceptable health care coverage.
SEC. 59B. TAX ON INDIVIDUALS WITHOUT ACCEPTABLE HEALTH CARE COVERAGE.
(a) Tax Imposed- In the case of any individual who does not meet the requirements of subsection (d) at any time during the taxable year, there is
hereby imposed a tax equal to 2.5 percent of the excess of--
(1) the taxpayer's modified adjusted gross income for the taxable year, over
(2) the amount of gross income specified in section 6012(a)(1) with respect to the taxpayer.