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Comprehensive List of Tax Hikes in the Baucus Finance Committee Draft
September 16, 2009Americans for Tax Reform today released its initial assessment of the healthcare plan outlined by Sen. Max Baucus (D-Mont.): Individual Mandate Tax. If you don't sign up for health insurance, you will have to pay a tax in the following range: 100-300% FPL $750(Single), $1500 (Family), 300+% FPL $900 (Single), $3800 (Family). Employer Mandate Tax. $400 per employee if health coverage is not offered. Note: this is a huge incentive to drop coverage, as $400 is much less than the average plan cost of $11,000 for families or $5000 for singles (Source: AHIP) Backdoor Death of HSAs. By requiring that all plans (besides the few that are grandfathered) provided first-dollar coverage for most services, there would be no HSA-qualifying plans available from the Massachusetts-like exchanges. Full release.