Highlights of New IRS "Authority"

A client has graciously sent this to my attention. The House, Ways and Means Committe report outlining some of the new "Authority" the healthcare bill grants to the IRS. This is a must read. Do you believe it? Yes, right here in America!  I don't want to believe it!! But it's true.


***Highlights of New IRS Authority***

• IRS agents verify if you have “acceptable” health care coverage
• IRS has the authority to fine you up to $2,250 or 2 percent of your income (whichever is greater) for failure to prove that you have purchased “minimum essential coverage”
• IRS can confiscate your tax refund 
• IRS audits are likely to increase  
• IRS will need up to $10 billion to administer the new health care program this decade
• IRS may need to hire as many as 16,500 additional auditors, agents and other employees to investigate and collect billions in new taxes from Americans
• Nearly half of all these new individual mandate taxes will be paid by Americans earning less than 300 percent of poverty ($66,150 for a family of four

Get a copy of the complete report here http://bit.ly/dqzbXL

"A wise and frugal government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicity."
  Thomas Jefferson, First Inaugural Address.