Wahoo Tide

Wow. - Wahoo Tide

"More noise about provisions in the Financial Reform Bill throttling angel investing." - Restricting access to capital for early stage start-ups will stifle innovation in the tech industry, biotech industry, etc. How is this a good thing? - Wahoo Tide

Here we go. Yikes. - Wahoo Tide

"The penalty applies to any period the individual does not maintain minimum essential coverage and is determined monthly. The penalty is assessed through the Code and accounted for as an additional amount of Federal tax owed. However, it is not subject to the enforcement provisions of subtitle F of the Code. The use of liens and seizures otherwise authorized for collection of taxes does not apply to the collection of this penalty. Non-compliance with the personal responsibility requirement to have health coverage is not subject to criminal or civil penalties under the Code and interest does not accrue for failure to pay such assessments in a timely manner." - Wahoo Tide

"I have never quite seen a law so full of powerful tax bombs attached to delayed fuses. The two biggest: A stiff new Medicare tax on high-earners that does not bite until 2013 and a tax on high-cost health insurance that does not kick in until 2018—long after the end of an Obama second term, if he has one." - Wahoo Tide