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Oct 01 2013

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We Will Not Comply

“Whatever in their discretion can be done by money, and will promote the General Welfare, the Government is no longer a limited one, possessing enumerated powers, but an indefinite one, subject to particular exceptions.” –James Madison, letter to Edmund Pendleton, 1792 […]

 

The Liberal Detroit Free Press wasted no time in announcing the “grand opening”  of Michigan’sFederally-facilitated Exchange.

Of course what they failed to mention is…

“According to preliminary analysis by Manhattan Institute scholar Avik Roy, the cost of the cheapest policy available to a 27-year-old Michigan man or woman will be 166 percent and 167 percent higher, respectively, compared to the cheapest rate available before the law goes into effect. For 40-year-old men and women, the cheapest rates will be 76 and 131 percent more, respectively.” Mackinac Policy Center

We will not ComplyHowever, millions of American citizens are making the choice NOT to comply.

The cost for non-compliance(so far)…

‘‘CHAPTER 48—MAINTENANCE OF MINIMUM ESSENTIALCOVERAGE

Sec. 1501

 \

5000A IRC‘‘Sec.5000A.Requirement to maintain minimum essential coverage

 ‘(c) AMOUNT OF PENALTY

 Paragraphs (1) and (2) were re-vised in their entirety by section 10106(b)(2)

‘(3) APPLICABLE DOLLAR AMOUNT

 As revised by section10106(b)(3) and by section 1002(a)(2) of HCERA

For purposes of paragraph (1)—‘‘(A) IN GENERAL

.—Except as provided in subpara-graphs (B) and (C), the applicable dollar amount is $695.‘‘(B) PHASE IN

.—The applicable dollar amount is $95for 2014 and $325 for 2015

The penalty (what Justice Robert’s calls a tax) will be included in their federal tax return and is capped at $695.00, adjusted after 2016 for inflation.

The choice is yours….


 

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