On Connecticut Public Broadcasting, Managing Editor Lori Robertson explains how much individuals will pay if they refuse to have health insurance under the Affordable Care Act. The minimum tax will [...]
Q: How much will the “tax” penalty be for going without health insurance?
A: The minimum assessment will be $695 per person (but no more than $2,085 per family) in 2016, when fully phased in. The amount can be higher depending on income. But there are exemptions for low-income persons and others.
Q: Does the new health care law require workers to pay income tax on the value of employer-provided health insurance?
A: No. The value will appear on employees’ W-2 forms for information purposes, but will not be considered taxable income.
Q: Would Senate bill 2099 put a yearly $50 tax on each privately owned firearm?
A: There is no such bill. A chain e-mail containing bogus claims refers to a bill that died more than eight years ago.
Q: Does Rahm Emanuel pay property taxes?
A: The president’s chief of staff does pay taxes on his home. Failed attempts to find his records are the fault of shoddy research.
Summary Republicans are misrepresenting Obama's tax proposals right down to the bitter end. New radio ads from the McCain campaign and a TV spot from the pro-Republican group Let Freedom [...]
Summary A conservative group called RightChange.com has spent $3 million running ads that largely criticize Obama and his tax plans. They’re false: Two ads say Obama would tax "small businesses" [...]
Summary McCain's new ad claims that Obama "says he'll raise taxes on electricity." That's false. Obama says no such thing. McCain relies on a single quote from Obama who once – [...]