Posted on 07/23/2015 11:30:49 AM PDT by entropy12
Beginning this month, the IRS can levy fines amounting to $100 per worker per day or $36,500 per worker per year, with a maximum of $500,000 per firm.
This Internal Revenue Service penalty is not written into the Obamacare law. The amount is over 12 times the statutory amount in the Affordable Care Act of $3,000 per worker per year. That is what an employer is charged when one of its employees gets subsidized care on one of the health-care exchanges. It’s 18 times the $2,000 penalty for not offering adequate health insurance.
The $100 fine is applicable not only to large firms, but also those with fewer than 50 workers that are exempt from the $2,000 and $3,000 employer penalties. Firms with one worker are exempt. The penalty for S-corporations will take effect on Jan. 1, 2016. The new rule is broad, sweeping and overly punitive.
(Excerpt) Read more at marketwatch.com ...
“Ha! Tyranny reigns! The US is totally upside down.”
But isn’t it unconstitutional to fundamentally transform America ?
What Constitution?
Say’s the “0”.....
Most people who have signed up for Obamacare, something like 87%, get subsidies from the government to pay monthly premiums. Which means tax payers and those using private insurance will pay for the subsidies.
“What Constitution? Say’s the “0”.....”
Our “Living Constitution”, of course.
Ahh....the public schools tried their best to teach me that the Constitution was a living document, as far back as I can remember, which would be about 5th or 6th grade...early 60s..
It never took for some reason.....lol
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