NYcarbineer
Diamond Member
Because for the first time in American history it made inaction a taxable event. Tell me, how do you place limits on that concept? It also allowed for a direct tax which is not allowed in the Constitution. It does not fall under the execption of the 17 Amendment because income is not a trigger for the tax, it is simply a multiplier for the tax. Any third grade debater could tear Roberts a new one on that decision, you might want to read it, it's a great exercise in circular logic.
Not having children is an inaction, and a taxable event. Not having a mortgage with deductible interest is an inaction and a taxable event.
Wrong, having children or a mortgage qualifies you for a deduction of taxable income to reduce tax liability, the liability already exist by virtue of having the income. Care to try again?
Your tax liability already exists until you obtain the insurance.