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To: KentTrappedInLiberalSeattle
Starting that year, the bill levies a $3,000-per-employee penalty on companies whose workers pay more than 9.5 percent of household income in premiums for company-provided insurance.

What rarely seems discussed in this whole abomination is the cost attached to performing income verifications for every employee to determine what household income is.

Not only does the employee's income need to be verified (a certain number of them probably have more than one job), but the income of every employed member of the household has to be verified.

Aside from the actual dollar expense, the invasion of privacy is repugnant.

What a horrible mess these Marxists have created.

35 posted on 07/05/2010 3:18:32 AM PDT by Madame Dufarge
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To: Madame Dufarge; KentTrappedInLiberalSeattle
"What rarely seems discussed in this whole abomination is the cost attached to performing income verifications for every employee to determine what household income is."

That's what jumped out at me too. I'm an independent project management consultant. I literally don't know what my annual income is because it depends totally on what gigs I land and the rates I can negotiate (rates can vary by $70 hour and sometimes I have a daily rate or cap). In addition, I can't look at my income from past years to estimate what I'll make this year. There's no connection, especially in this marxist induced depression.

I can imagine it's even more difficult for my friend who runs a 2 person company selling cutting tools. He has to pay commissions and hold inventory. So what will the IRS use to calculate his "income"? Gross or net income? Huge difference.

68 posted on 07/05/2010 8:40:31 AM PDT by uncommonsense (Conservatives believe what they see; Liberals see what they believe.)
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