One example from the Foundry, Morning Bell: What The Baucus Bill Will Cost You
Taxes Families – Under the plan, everyone will have to have health insurance by 2013. The mandate will apply to all adults and their dependents under age 18. Those who failed to buy insurance would be forced to pay an annual tax between $750 and $3,800 per year. Those who fail to pay the tax could be jailed for up to one year. Worse, 7.7 million households would face a 35% excise tax on their health insurance. 94% of these households would be paying a higher tax rate on their health insurance than they would be paying on their income.
More at the link.
Tags: Baucus, economy, Healthcare Reform, Privacy, small business, taxes
