H.R.3962-Affordable Health Care for America Act


Copyright © John Jones, 3/30/2010


You heard it now you can see the ACTUAL language used in the bill referring to the TAX PENALTY for those who don't get Health coverage. I had to scan through hundreds of pages to find these items.


`(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--


That's right 2.5 percent TAX that would be automatically subtracted from your tax return. This 2.5 % is for single coverage. Failure to get Family coverage will result in a higher tax imposed.


The bill is 2000 pages no page numbers on the table of contents and barely understandable. When they say you need a team of lawyers to understand this mess they are not kidding. There are over 400 different items in the bill MANY of them having absolutely nothing to do with health care reform.


The bill requires each taxpayer to SUBMIT a "Health Insurance W-4 Form" when they do their taxes every year. Failure to do so will bring the IRS down on you and you will be subject TO ALL TAX CODE PENALTIES. Which means additional fines, penalties, and possible jail time!!!


This is the specific language about the TAX penalty for Single coverage.

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SEC. 501. TAX ON INDIVIDUALS WITHOUT ACCEPTABLE HEALTH CARE COVERAGE.

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(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.


This is the specific language about providing a Health Coverage W-2 Form for your taxes.

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SEC. 6050X. RETURNS RELATING TO HEALTH INSURANCE COVERAGE.

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`(a) Requirement of Reporting- Every person who provides acceptable coverage (as defined in section 59B(d)) to any individual during any calendar year shall, at such time as the Secretary may prescribe, make the return described in subsection (b) with respect to such individual.


`(b) Form and Manner of Returns- A return is described in this subsection if such return--


`(1) is in such form as the Secretary may prescribe, and


`(2) contains--


`(A) the name, address, and TIN of the primary insured and the name of each other individual obtaining coverage under the policy,


`(B) the period for which each such individual was provided with the coverage referred to in subsection (a), and


`(C) such other information as the Secretary may require.


`(c) Statements to Be Furnished to Individuals With Respect to Whom Information Is Required- Every person required to make a return under subsection (a) shall furnish to each primary insured whose name is required to be set forth in such return a written statement showing--


`(1) the name and address of the person required to make such return and the phone number of the information contact for such person, and


`(2) the information required to be shown on the return with respect to such individual.


The written statement required under the preceding sentence shall be furnished on or before January 31 of the year following the calendar year for which the return under subsection (a) is required to be made.


`(d) Coverage Provided by Governmental Units- In the case of coverage provided by any governmental unit or any agency or instrumentality thereof, the officer or employee who enters into the agreement to provide such coverage (or the person appropriately designated for purposes of this section) shall make the returns and statements required by this section.'.

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