Does ObamaTax even EXIST in the U.S. Tax Code?
Remember, Obamacare is only legal if it’s understood as a tax. But normally when Congress amends tax law, which the mandate would do, there is language in the text of the bill that references the U.S. Tax Code and how the current bill will amend it. For example, here is the text of the Bush Tax Cuts in 2003:
“AMENDMENT OF 1986 CODE
.—Except as otherwise expresslyprovided, whenever in this Act an amendment or repeal is expressedin terms of an amendment to, or repeal of, a section or otherprovision, the reference shall be considered to be made to a sectionor other provision of the Internal Revenue Code of 1986“
That is how a typical tax bill begins. It’s the very first item in the bill, right after the Shorter Title. Does anyone know if any language like that is in ObamaTax? I suspect not. That means ObamaTax is not actually in the Tax Code of this country. So where does that leave us legally?
- Why The Complex U.S. Tax Code Won’t Be Simplified (forbes.com)
- Portman tax plan to cut interest, write-offs (reuters.com)
- Common Sense: Troubling Favoritism in the U.S. Tax Code (nytimes.com)
- Senate Dealmaker Baucus Turns to Rewrite of U.S. Tax Code (safehaven.com)
- Senate Dealmaker Baucus Turns to Rewrite of U.S. Tax Code – Bloomberg (bloomberg.com)
- Senate Dealmaker Baucus Turns to Rewrite of U.S. Tax Code (wallstreetpit.com)
- How The Super Rich Avoid Taxes Even As They Demand That The Rest Of Us Pay More (sgtreport.com)
- More Than 10,000 Rich Households Didn’t Pay Income Tax (huffingtonpost.com)
- How the Super Rich Avoid Taxes (wealthwire.com)
- IRS steps up scrutiny of tax-exempt political groups (investmentwatchblog.com)