{"id":1696,"date":"2009-10-29T11:57:03","date_gmt":"2009-10-29T15:57:03","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=1696"},"modified":"2009-10-29T12:17:28","modified_gmt":"2009-10-29T16:17:28","slug":"major-tax-provisions-in-house-bill","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/1696\/major-tax-provisions-in-house-bill\/","title":{"rendered":"Major Tax Provisions in House Bill"},"content":{"rendered":"<ol>\n<li><strong>Sec. 345<\/strong>.  Income determinations.  To determine income, the Health Choices Commissioner uses income data from the <em>individual\u2019s most recent tax return<\/em>.<\/li>\n<li><strong>Sec. 501<\/strong>. Tax on individuals without acceptable health care coverage.  Provides for a <em>2.5% additional tax on the modified adjusted gross income of an individual<\/em> who does not obtain acceptable health coverage\u2026<\/li>\n<li><strong>Sec. 511<\/strong>.  This section also provides for an <em>excise tax that applies to an offering employer<\/em> if the employer fails to follow the rules governing an offer of coverage.<\/li>\n<li><strong>Sec. 512<\/strong>. Health care contributions of non-electing employers.  <em>Establishes a payroll tax of 8%<\/em> of the wages that an employer pays to its employees for employers who choose not to offer coverage.<\/li>\n<li><strong>Sec.541<\/strong>. Disclosures to carryout health insurance exchange subsidies.  Permits the Exchange <em>to receive taxpayer return<\/em> information from the Internal Revenue Service\u2026<\/li>\n<li><strong>Sec. 551<\/strong>.\u00a0  Surcharge on high income individuals.  <em>Establishes a 5.4 percent tax<\/em> on modified adjusted gross income in excess of $1 million in the case of a joint return ($500,000 in the case of other returns).<\/li>\n<li><strong>Sec. 552<\/strong>.  Excise tax on medical devices.  Establishes a <em>2.5 percent excise tax on medical devices<\/em> sold for use in the U.S.<\/li>\n<\/ol>\n<p>Click <a href=\"http:\/\/health.burgess.house.gov\/UploadedFiles\/House_HCR_bill.pdf\" target=\"_blank\"><span style=\"text-decoration: underline;\">here<\/span><\/a> for the House health care bill.\u00a0 Warning: it&#8217;s 1,990 pages.<\/p>\n<p>Update: <a href=\"http:\/\/waysandmeans.house.gov\/media\/pdf\/111\/hcare\/summary_final.pdf\" target=\"_blank\"><span style=\"text-decoration: underline;\">Here<\/span><\/a> is a short 4-page propaganda summary from the House Ways and Means Committee.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sec. 345. Income determinations. To determine income, the Health Choices Commissioner uses income data from the individual\u2019s most recent tax return. Sec. 501. Tax on individuals without acceptable health care coverage. Provides for a 2.5% additional tax on the modified adjusted gross income of an individual who does not obtain acceptable health coverage\u2026 Sec. 511. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[12,105],"class_list":["post-1696","post","type-post","status-publish","format-standard","hentry","category-posts","tag-health-care","tag-tax"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/1696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=1696"}],"version-history":[{"count":4,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/1696\/revisions"}],"predecessor-version":[{"id":1698,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/1696\/revisions\/1698"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=1696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=1696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=1696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}