- Jun 19, 2000
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"If the government determines that the taxpayers unpaid tax liability results from willful behavior, the following penalties could apply"
Since when has filling a false income tax return not been subjected to penalties?
The JCT letter makes clear that Americans who do not maintain acceptable health insurance coverage and who choose not to pay the bills new individual mandate tax (generally 2.5% of income), are subject to numerous civil and criminal penalties, including criminal fines of up to $250,000 and imprisonment of up to five years.
Individual mandate tax. It's not coming out of your paycheck. You'll settle up when you file your income tax return. If you don't pay the tax you're subject to these penalties.
There are consequences for filing a false return, yes. This has nothing to do with that. If you do not obtain "acceptable health insurance coverage" and then do not pay the tax, you will be subject to civil and criminal penalties. It's as clear as can be.
