Taxes

The IRS is the Democrats’ chosen instrument of enforcement for the new health insurance mandates. Should the bill become law, the IRS will have sweeping new powers and authorities and will grow in size exponentially to accommodate its new role in health care mandate enforcement.

• IRS agents verify if you have “acceptable” health care coverage;
• IRS has the authority to fine you up to $2,250 or 2 percent of your income (whichever is greater) for failure to prove that you have purchased “minimum essential coverage;”
• IRS may need to hire as many as 16,500 additional auditors, agents and other employees to investigate and collect billions in new taxes from Americans;
• IRS can confiscate your tax refund;
• IRS audits are likely to increase;
• IRS will need up to $10 billion to administer the new health care program this decade; and
• Nearly half of all these new individual mandate taxes will be paid by Americans earning less than 300 percent of poverty ($66,150 for a family of four.)