Friday, November 13, 2009
HR3962: If it's so great, why must it be mandated?
(HT Hot Air via TIA Daily)
And failure to "participate" criminalized?
Buy insurance or go to jail.
• Section 7203—misdemeanor willful failure to pay is punishable by a fine of up to $25,000 and/or imprisonment of up to one year.
• Section 7201—felony willful evasion is punishable by a fine of up to $250,000 and/or imprisonment of up to five years."
(from TIA Daily)
Addendum 11/14/09: source of criminal penalty information: Joint Committee on Taxation Nov. 2009 letter to Rep, Dave Camp of the House Ways and Means Committee.