DesideriScuri -> RE: Affordable Care Act is upheld (6/28/2012 8:36:49 AM)
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ORIGINAL: Marc2b The important thing is that it is not considered legal as part of the Commerce Clause. Had the SC not made that distinction they would have been basically giving a green light too Congress to mandate anything it damned well pleased. The IRS and it's troglodytes just creamed their collective shorts. Just you wait. Somehow, it just became Constitutional for an American Citizen to be taxed for NOT doing something. They can now tax each and every one of us for not spending 95% of our income. We didn't do our fair share of economic activity. The tax levied will be assessed so that whatever percent you are under 95% goes to the IRS (you spend 90% of your income, you get to send 5% more to the IRS). In addition, whatever % over 100%, you'll get credited so that your actual spend will only be 95% (you spend 110% of your income, you'll get 15% back as a tax credit). This is going to be Ugly (and, yes, with a capital 'U').
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