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Monday
Jul122010
Of Consuming Interest - 07/16/10
July 12, 2010 Ryan Ellis is Director of Tax Policy at American for Tax Reform. Ellis is also Executive Director of Amercianshareholders.org.
Discusses fact that taxes are going to go up. The largest new tax is the individual mandate for purchasing health insurance. The IRS will penalize 2.5% of your income if you don't purchase health insurance. But paying that penalty may be cheaper than buying health insurance. Many people will still be uninsured. There are those who will be exempt from complying with the mandate: religious objectors, illegal immigrants, prisoners, those earning less than the poverty line, Indian trives and "hardship cases."
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