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Overnight Open Thread

573
Walter L. Newton8/12/2009 6:54:04 am PDT

re: #562 3 wood

This is the penalty in liue of coverage. The message here is to keep your payroll below $250,000.

There are penalties for both employers and ordinary citizens who don’t opt into some health care. See Sec. 401 for the tax YOU will be required to pay if you don’t want health coverage. And don’t think about leaving the country, as long as you are a citizen, the IRS will come after you for the penatly.