Friday, March 19, 2010

Obamacare Will Increase IRS Powers

One of the little known Easter Eggs of feces in Obamacare is that it will greatly increase the powers of our friendly IRS:

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 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

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 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). There goes that less than $250,000 thing the POTUS promised.

Hey, but what is a Dear Leader without his secret police?

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