Summarize how the AFFORDABLE CARE reform will affect taxpayers with specific focus on potential penalties that taxpayers may face should they choose to not meet government health insurance coverage requirements. Summarize the process so that the reader of your paper has a better understanding of what the AFFORDABLE CARE ACT is designed for with respect to health care coverage.
2) Give YOUR opinion on the potential long term effects of the policy and how it may change certain aspects of individual tax behaviors.
Individual Tax Accounting Essay/Project requirements:
AFFORDABLE CARE TAX CONSEQUENCE SUMMARY PAPER WHAT DOES IT ALL MEAN?
In a summary format each of you are required to type in good form (double spaced 1-inch margins) a summary of the upcoming changes that taxpayers will see with respect to the AFFORDABLE CARE. The paper should be no less than two pages in length no more than five. The main goal is for your paper to meet two primary objectives:
1) Summarize how the AFFORDABLE CARE reform will affect taxpayers with specific focus on potential penalties that taxpayers may face should they choose to not meet government health insurance coverage requirements. Summarize the process so that the reader of your paper has a better understanding of what the AFFORDABLE CARE ACT is designed for with respect to health care coverage.
2) Give YOUR opinion on the potential long term effects of the policy and how it may change certain aspects of individual tax behaviors.
The overall focus is to summarize and speculate on the AFFORDABLE CARE ACT. Try to be concise and do not be afraid to voice your opinions of how the ACT could ultimately benefit or adversely impact the economy the tax system and taxpayers.