Irs Announces Fees On Health Insurers

Click Here For More Specific Information On: Sarms For Cutting Submitted by: Tim Jarvis On March 1, 2013 the Internal Revenue Service (IRS) issued its proposal to levy fees on health insurance carriers. The new fees or excise tax are expected to raise over $100 billion over 10 years beginning in 2014. An excise tax is a tax charged on a specific product that is applied by an intermediary and then paid to the government. The Affordable Care Act (ACA) in section 9010 authorized the IRS to collect a Health…