Sun, Dec 28, 2014, 6:06 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Ford Motor Co. Message Board

  • aeontri aeontri Nov 18, 2012 6:35 PM Flag

    OMG, Here's Just Three Of Obama's 2,700 Pages Of Rules, Regulations & Taxes Imposed Like The Following, copied verbatim from the Obama Health Care Act, go ahead, Challenge Yourself To Understand It, OMG...

    OMG, Here's Just Three Of Obama's 2,700 Pages Of Rules, Regulations & Taxes Imposed Like The Following, copied verbatim from the Obama Health Care Act, go ahead, Challenge Yourself To Understand It, OMG...

    ‘‘CHAPTER 2A—UNEARNED INCOME MEDICARE
    CONTRIBUTION

    ‘‘Sec. 1411. Imposition of tax.
    ‘‘SEC. 1411. IMPOSITION OF TAX.

    ‘‘(a) IN GENERAL.—Except as provided in subsection (e)—

    ‘‘(1) APPLICATION TO INDIVIDUALS.—In the case of an individual,
    there is hereby imposed (in addition to any other tax
    imposed by this subtitle) for each taxable year a tax equal
    to 3.8 percent of the lesser of—
    ‘‘(A) net investment income for such taxable year, or
    ‘‘(B) the excess (if any) of—
    ‘‘(i) the modified adjusted gross income for such
    taxable year, over
    ‘‘(ii) the threshold amount.

    ‘‘(2) APPLICATION TO ESTATES AND TRUSTS.—In the case
    of an estate or trust, there is hereby imposed (in addition
    to any other tax imposed by this subtitle) for each taxable
    year a tax of 3.8 percent of the lesser of—
    ‘‘(A) the undistributed net investment income for such
    taxable year, or
    ‘‘(B) the excess (if any) of—
    ‘‘(i) the adjusted gross income (as defined in section
    67(e)) for such taxable year, over
    ‘‘(ii) the dollar amount at which the highest tax
    bracket in section 1(e) begins for such taxable year.
    ‘‘(b) THRESHOLD AMOUNT.—For purposes of this chapter, the
    term ‘threshold amount’ means—
    ‘‘(1) in the case of a taxpayer making a joint return under
    section 6013 or a surviving spouse (as defined in section 2(a)),
    $250,000,
    ‘‘(2) in the case of a married taxpayer (as defined in section
    7703) filing a separate return, 1⁄2 of the dollar amount determined
    under paragraph (1), and
    ‘‘(3) in any other case, $200,000.
    ‘‘(c) NET INVESTMENT INCOME.—For purposes of this chapter—
    ‘‘(1) IN GENERAL.—The term ‘net investment income’ means
    the excess (if any) of—
    ‘‘(A) the sum of—
    ‘‘(i) gross income from interest, dividends, annuities,
    royalties, and rents, other than such income
    which is derived in the ordinary course of a trade
    or business not described in paragraph (2),
    ‘‘(ii) other gross income derived from a trade or
    business described in paragraph (2), and
    ‘‘(iii) net gain (to the extent taken into account
    in computing taxable income) attributable to the disposition
    of property other than property held in a trade
    or business not described in paragraph (2), over
    ‘‘(B) the deductions allowed by this subtitle which are
    properly allocable to such gross income or net gain.
    ‘‘(2) TRADES AND BUSINESSES TO WHICH TAX APPLIES.—A
    trade or business is described in this paragraph if such trade
    or business is—
    ‘‘(A) a passive activity (within the meaning of section
    469) with respect to the taxpayer, or
    H. R. 4872—34
    ‘‘(B) a trade or business of trading in financial
    instruments or commodities (as defined in section
    475(e)(2)).

    ‘‘(3) INCOME ON INVESTMENT OF WORKING CAPITAL SUBJECT
    TO TAX.—A rule similar to the rule of section 469(e)(1)(B) shall
    apply for purposes of this subsection.

    ‘‘(4) EXCEPTION FOR CERTAIN ACTIVE INTERESTS IN PARTNERSHIPS
    AND S CORPORATIONS.—In the case of a disposition of
    an interest in a partnership or S corporation—
    ‘‘(A) gain from such disposition shall be taken into
    account under clause (iii) of paragraph (1)(A) only to the
    extent of the net gain which would be so taken into account
    by the transferor if all property of the partnership or S
    corporation were sold for fair market value immediately
    before the disposition of such interest, and
    ‘‘(B) a rule similar to the rule of subparagraph (A)
    shall apply to a loss from such disposition.

    ‘‘(5) EXCEPTION FOR DISTRIBUTIONS FROM QUALIFIED
    PLANS.—The term ‘net investment income’ shall not include
    any distribution from a plan or arrangement described in section
    401(a), 403(a), 403(b), 408, 408A, or 457(b).
    ‘‘(6) SPECIAL RULE.—Net investment income shall not
    include any item taken into account in determining self-employment
    income for such taxable year on which a tax is imposed
    by section 1401(b).
    ‘‘(d) MODIFIED ADJUSTED GROSS INCOME.—For purposes of this
    chapter, the term ‘modified adjusted gross income’ means adjusted
    gross income increased by the excess of—
    ‘‘(1) the amount excluded from gross income under section
    911(a)(1), over
    ‘‘(2) the amount of any deductions (taken into account
    in computing adjusted gross income) or exclusions disallowed
    under section 911(d)(6) with respect to the amounts described
    in paragraph (1).
    ‘‘(e) NONAPPLICATION OF SECTION.—This section shall not apply
    to—
    ‘‘(1) a nonresident alien, or
    ‘‘(2) a trust all of the unexpired interests in which are
    devoted to one or more of the purposes described in section
    170(c)(2)(B).’’.
    (2) ESTIMATED TAXES.—Section 6654 of the Internal Revenue
    Code of 1986 is amended—
    (A) in subsection (a), by striking ‘‘and the tax under
    chapter 2’’ and inserting ‘‘the tax under chapter 2, and
    the tax under chapter 2A’’; and
    (B) in subsection (f)—
    (i) by striking ‘‘minus’’ at the end of paragraph
    (2) and inserting ‘‘plus’’; and
    (ii) by redesignating paragraph (3) as paragraph
    (4) and inserting after paragraph (2) the following new
    paragraph:
    ‘‘(3) the taxes imposed by chapter 2A, minus’’.
    (3) CLERICAL AMENDMENT.—The table of chapters for subtitle
    A of chapter 1 of the Internal Revenue Code of 1986
    is amended by inserting after the item relating to chapter
    2 the following new item:
    H. R. 4872—35
    ‘‘CHAPTER 2A—UNEARNED INCOME MEDICARE CONTRIBUTION’’.
    (4) EFFECTIVE DATES.—The amendments made by this subsection
    shall apply to taxable years beginning after December
    31, 2012.
    (b) EARNED INCOME.—
    (1) THRESHOLD.—
    (A) FICA.—Paragraph (2) of section 3101(b) of the
    Internal Revenue Code of 1986, as added by section 9015
    of the Patient Protection and Affordable Care Act and
    amended by section 10906 of such Act, is amended by
    striking ‘‘and’’ at the end of subparagraph (A), by redesignating
    subparagraph (B) as subparagraph (C), and by
    inserting after subparagraph (A) the following new
    subparagraph:
    ‘‘(B) in the case of a married taxpayer (as defined
    in section 7703) filing a separate return, 1⁄2 of the dollar
    amount determined under subparagraph (A), and’’.
    (B) SECA.—Section 1401(b)(2) of the Internal Revenue
    Code of 1986, as added by section 9015 of the Patient
    Protection and Affordable Care Act and amended by section
    10906 of such Act, is amended—
    (i) in subparagraph (A), by striking ‘‘and’’ at the
    end of clause (i), by redesignating clause (ii) as clause
    (iii), and by inserting after clause (i) the following
    new clause:
    ‘‘(ii) in the case of a married taxpayer (as defined
    in section 7703) filing a separate return, 1⁄2 of the
    dollar amount determined under clause (i), and’’; and
    (ii) in subparagraph (B), by striking ‘‘under clauses
    (i) and (ii)’’ and inserting ‘‘under clause (i), (ii), or
    (iii) (whichever is applicable)’’.
    (2) ESTIMATED TAXES.—Section 6654 of the Internal Revenue
    Code of 1986 is amended by redesignating subsection
    (m) as subsection (n) and by inserting after subsection (l) the
    following new subsection:
    ‘‘(m) SPECIAL RULE FOR MEDICARE TAX.—For purposes of this
    section, the tax imposed under section 3101(b)(2) (to the extent
    not withheld) shall be treated as a tax imposed under chapter
    2.’’.
    (3) EFFECTIVE DATE.—The amendments made by this subsection
    shall apply with respect to remuneration received, and
    taxable years beginning after, December 31, 2012.
    *****************************************************

    SEC. 1403. DELAY OF LIMITATION ON HEALTH FLEXIBLE SPENDING
    ARRANGEMENTS UNDER CAFETERIA PLANS.
    (a) IN GENERAL.—Section 10902(b) of the Patient Protection
    and Affordable Care Act is amended by striking ‘‘December 31,
    2010’’ and inserting ‘‘December 31, 2012’’.
    (b) INFLATION ADJUSTMENT.—Paragraph (2) of section 125(i)
    of the Internal Revenue Code of 1986, as added by section 9005
    of the Patient Protection and Affordable Care Act and amended
    by section 10902 of such Act, is amended—
    (1) in the matter preceding subparagraph (A), by striking
    ‘‘December 31, 2011’’ and inserting ‘‘December 31, 2013’’; and
    (2) in subparagraph (B), by striking ‘‘2010’’ and inserting
    ‘‘2012’’.

    Hope that you comprehend that, because there is another 1,997 Pages just like the above, in the Obama Health Care Act, I ask HOW MANY BILLIONS OF $$$ WILL IT COST JUST TO administrate this Obama abomination?

    P.S. Feel Free To Copy & Reproduce The Above As You See Fit!

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
F
15.45+0.15(+0.98%)Dec 26 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Virgin America Inc.
NASDAQFri, Dec 26, 2014 4:00 PM EST
Ultra Petroleum Corp.
NYSEFri, Dec 26, 2014 4:02 PM EST