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Sen. John Ensign (R-Nev.) received a handwritten note Thursday from Joint Committee on Taxation Chief of Staff Tom Barthold confirming the penalty for failing to pay the up to $1,900 fee for not buying health insurance.
Violators could be charged with a misdemeanor and could face up to a year in jail or a $25,000 penalty, Barthold wrote on JCT letterhead.
Internal Revenue Code Section 7203 Section 7203. Willful failure to file return, supply information, or pay tax Any person required under this title to pay any estimated tax or tax, or required by this title or by regulations made under authority thereof to make a return, keep any records, or supply any information, who willfully fails to pay such estimated tax or tax, make such return, keep such records, or supply such information, at the time or times required by law or regulations, shall, in addition to other penalties provided by law, be guilty of a misdemeanor and, upon conviction thereof, shall be fined not more than $25,000 ($100,000 in the case of a corporation), or imprisoned not more than 1 year, or both, together with the costs of prosecution. In the case of any person with respect to whom there is a failure to pay any estimated tax, this section shall not apply to such person with respect to such failure if there is no addition to tax under section 6654 or 6655 with respect to such failure. In the case of a willful violation of any provision of section 6050I, the first sentence of this section shall be applied by substituting ''felony'' for ''misdemeanor'' and ''5 years'' for ''1 year''.
§ 7203. Willful failure to file return, supply information, or pay tax How Current is This? Any person required under this title to pay any estimated tax or tax, or required by this title or by regulations made under authority thereof to make a return, keep any records, or supply any information, who willfully fails to pay such estimated tax or tax, make such return, keep such records, or supply such information, at the time or times required by law or regulations, shall, in addition to other penalties provided by law, be guilty of a misdemeanor and, upon conviction thereof, shall be fined not more than $25,000 ($100,000 in the case of a corporation), or imprisoned not more than 1 year, or both, together with the costs of prosecution. In the case of any person with respect to whom there is a failure to pay any estimated tax, this section shall not apply to such person with respect to such failure if there is no addition to tax under section 6654 or 6655 with respect to such failure. In the case of a willful violation of any provision of section 6050I, the first sentence of this section shall be applied by substituting “felony” for “misdemeanor” and “5 years” for “1 year”.
Originally posted by isa75
I just have a question I dont know if I read that right. Americans who dont have health insurance can get fined or put in jail or both. And illigal immigrants who dont have health insurance its ok for them not to. I guess we are penalized so they can have enough money to pay for the illigal immigrants health care?
Originally posted by December_Rain
reply to post by burdman30ott6
Dude did you even bothered to read my last post. It's a hoax. That sec 7203 has nothing to do with Healthcare it is related to tax returns.
Americans who fail to pay the penalty for not buying insurance would face legal action from the Internal Revenue Service, according to the Joint Committee on Taxation.
The remarks Thursday from the committee's chief of staff, Thomas Barthold, seems to further weaken President Barack Obama's contention last week that the individual mandate penalty, which could go as high as $1,900, is not a tax increase.
Under questioning from Sen. John Ensign (R-Nev.), Barthold said the IRS would "take you to court and undertake normal collection proceedings."
Some young people, perhaps just out of college or working in a lower paying job where they are literally living from paycheck to paycheck and cannot afford health insurance will be forced to get coverage that will leave them broke, these are the people who will learn what they lost here first. Freedom!
These are the people who already can't afford to go to the doctor because they literally can barely afford to pay for a roof over their heads and food alone...
- The remaining 200,000 uninsured are deemed to be able to afford health insurance, and will be required to do so by 2008 or be assessed substantial annual tax penalties and/or wage garnishments. usliberals.about.com...