econ extra - Nicole Chan 3rd May 2010 Serkan D Econ 103 Extra Credit Current Event The article I found on CNN news related to microeconomics is the tax

econ extra - Nicole Chan 3rd May 2010 Serkan D Econ 103...

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Nicole Chan 3 rd May 2010 Serkan D Econ 103 Extra Credit: Current Event The article I found on CNN news related to microeconomics is the tax break for the Health Mandate. The article mentions excise taxes, the benefits principle and ability- to-pay principle. The article discusses the tax penalty implemented by the government on those who do not pay the required tax. For example, refusal to invest in health insurance results in a penalty or fee for neglecting the health mandate. There are higher taxes on married couples who choose to not have children, also known as the child mandate. Married couples with a higher income also receive a marriage penalty, solely based on their level of income. This new insurance mandate states that there will be an excise tax of approximately $2,000 in almost half a decade from now (2016) for families that do not have minimal health insurance. While this seems like a lot of ask for, the health mandate

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