Comprehensive List of Taxes In House Democrat Health Bill

[darrels joy]

Comprehensive List of Taxes
In House Democrat Health Bill From Ryan Ellis on Thursday, October 29, 2009 12:20 PM

H.R. 3962, the "Affordable Health Care for America Act" has been introduced--all 1990 pages of it. This gargantuan beast contains thirteen new tax hikes. Here they all are, with description and page number (PDF version):
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Employer Mandate Excise Tax (Page 275): If an employer does not pay 72.5 percent of a single employee’s health premium (65 percent of a family employee), the employer must pay an excise tax equal to 8 percent of average wages. Small employers (measured by payroll size) have smaller payroll tax rates of 0 percent (<$500,000), 2 percent ($500,000-$585,000), 4 percent ($585,000-$670,000), and 6 percent ($670,000-$750,000).

Individual Mandate Surtax (Page 296): If an individual fails to obtain qualifying coverage, he must pay an income surtax equal to the lesser of 2.5 percent of modified adjusted gross income (MAGI) or the average premium. MAGI adds back in the foreign earned income exclusion and municipal bond interest.

Medicine Cabinet Tax (Page 324): Non-prescription medications would no longer be able to be purchased from health savings accounts (HSAs), flexible spending accounts (FSAs), or health reimbursement arrangements (HRAs). Insulin excepted.

Cap on FSAs (Page 325): FSAs would face an annual cap of $2500 (currently uncapped).

Increased Additional Tax on Non-Qualified HSA Distributions (Page 326): Non-qualified distributions from HSAs would face an additional tax of 20 percent (current law is 10 percent). This disadvantages HSAs relative to other tax-free accounts (e.g. IRAs, 401(k)s, 529 plans, etc.)

Denial of Tax Deduction for Employer Health Plans Coordinating with Medicare Part D (Page 327): This would further erode private sector participation in delivery of Medicare services.

Surtax on Individuals and Small Businesses (Page 336): Imposes an income surtax of 5.4 percent on MAGI over $500,000 ($1 million married filing jointly). MAGI adds back in the itemized deduction for margin loan interest. This would raise the top marginal tax rate in 2011 from 39.6 percent under current law to 45 percent—a new effective top rate.

Excise Tax on Medical Devices (Page 339): Imposes a new excise tax on medical device manufacturers equal to 2.5 percent of the wholesale price. It excludes retail sales and unspecified medical devices sold to the general public.

Corporate 1099-MISC Information Reporting (Page 344): Requires that 1099-MISC forms be issued to corporations as well as persons for trade or business payments. Current law limits to just persons for small business compliance complexity reasons. Also expands reporting to exchanges of property.

Delay in Worldwide Allocation of Interest (Page 345): Delays for nine years the worldwide allocation of interest, a corporate tax relief provision from the American Jobs Creation Act

Limitation on Tax Treaty Benefits for Certain Payments (Page 346): Increases taxes on U.S. employers with overseas operations looking to avoid double taxation of earnings.

Codification of the “Economic Substance Doctrine” (Page 349): Empowers the IRS to disallow a perfectly legal tax deduction or other tax relief merely because the IRS deems that the motive of the taxpayer was not primarily business-related.

Application of “More Likely Than Not” Rule (Page 357): Publicly-traded partnerships and corporations with annual gross receipts in excess of $100 million have raised standards on penalties. If there is a tax underpayment by these taxpayers, they must be able to prove that the estimated tax paid would have more likely than not been sufficient to cover final tax liability.

http://www.atr.org/breaking-comprehensive-list-taxesbr-house-democrat-a4113#

[darrels joy]

the explicit language found in Section 2531, emphasis his and mine:

(4) CONTENTS OF ALTERNATIVE MEDICAL LIABILITY LAW. – The contents of an alternative liability law are in accordance with this paragraph if -

(A) the litigation alternatives contined in the law consist of certificate of merit, early offer, or both; and

(B) the law does not limit attorneys’ fees or impose caps on damages.

[darrels joy]

Americans are telling us that they want real solutions for the healthcare crisis in America… but they are also telling us there is a difference between the RIGHT and the WRONG way to reform healthcare.

The RIGHT way is for our leaders to prioritize spending and be careful with taxpayer dollars. The WRONG way is for Washington to raise taxes still higher and dig our debt still deeper just to pay for more wasteful programs that don’t work today and won’t work tomorrow.

The RIGHT way is for us to protect and expand the doctor-patient relationship. We must embrace an approach to healthcare that puts patients first, before profits and politics. The WRONG way is to allow a Washington takeover of healthcare. It’s no solution at all to simple replace the insurance bureaucrats who stand between patients and doctors with government bureaucrats. We must reject and overcome any attempts that just recreate the same problems already in the system and then amplify those problems.

http://www.politico.com/static/PPM41...ghts_memo.html

[darrels joy]

Death by a Thousand Shalls


The analysis is rolling in for the House health care bill and the word shall appears a lot, over three thousand times.

The word "shall" - as in "must" or "required to" - appears over 3,000 times.

It's actually mentioned 3424 times. That's the quantifiable evidence of the government control in this bill. Shall is not a word that indicates choice. Instead, it indicates a mandate. Shall is used in things that citizens will now be required to do. It's also used in things the government will now be able to do, including a host of new bureaucracies.

Here's a list of some other not so nice words and how often they appear.

It's going to take some time to deconstruct this lengthy masterpiece, but as you flip through the pages of the House bill, you will notice the word "regulation" appears 181 times. "Tax" is there 214 times. "Fees," 103 times.

It's moments like this that provide yet another example of why I love numbers. All of these are quantifiable evidence of how the House health care bill forces upon us more government control, more taxes, more bureaucracies, and more costs.

Strip away the rhetoric. Strip away the nice words. What we have is a bill that gives a lot of new power in the form of 3424 shalls, all sorts of new taxes in the form 214 taxes, all sorts of new fees in the form of 103 fees, and all sorts of new regulation in the form of 181 regulations.

http://theeprovocateur.blogspot.com/...nd-shalls.html