Bubbakat
Well-known member
Put on your seat belt folks....You really need to read this one…because it starts next year
This is part of the new democratic Health Care Bill.
I contacted my Congressman about House bill HR3590 - - I heard a few more disturbing things about the new democratic health care bill that just passed.
I asked for a summary of changes. The aid directed me to go to www: thomas.gov ; enter HR3590 in the search box and look for summaries.
Starting in 2011 (next year folks) your W 2 tax form sent by your employer will be increased to show the value of whatever health insurance you are given by the company. It does not matter if that's a private concern or governmental body of some sort, or if you're retired. So what? Here's what.....Your gross will go up by the amount of insurance you get.
You will be required to pay taxes on a large sum of money that you have never seen. If you're married, take your tax form that you just finished and see what $10,000 to $15,000 does to it or $20,000 if you have one of those Cadillac plans.....or if you have a few kids on it. That additional gross goes right on your tax debt. That's what you'll pay next year.
For many, it also puts you into a - - - - -> new, higher bracket....so it's even worse.
This is how the government is going to buy insurance for the 15% that don't have insurance, and it's only a little part of the new tax increases that are coming.
Not believing this, I researched the summaries and here's what I'm reading:
On page 25 of 29: TITLE IX REVENUE PROVISIONS- SUBTITLE A: REVENUE OFFSET PROVISIONS-(sec. 9001, as modified by sec. 10901)
Sec.9002. "requires employers to include in the W-2 form of each employee. The aggregate cost of applicable employer sponsored group health coverage that is excludable from the employees gross income."
Joan Pryde is the senior tax editor for the Kiplinger letters. Go to Kiplingers and read about 13 tax changes that could affect you. Number 3 is what I just told you about.
Why am I sending you this? The same reason I hope you forward this to every single person in your address book.
People have the right to know the truth because an election is coming in November.
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This is part of the new democratic Health Care Bill.
I contacted my Congressman about House bill HR3590 - - I heard a few more disturbing things about the new democratic health care bill that just passed.
I asked for a summary of changes. The aid directed me to go to www: thomas.gov ; enter HR3590 in the search box and look for summaries.
Starting in 2011 (next year folks) your W 2 tax form sent by your employer will be increased to show the value of whatever health insurance you are given by the company. It does not matter if that's a private concern or governmental body of some sort, or if you're retired. So what? Here's what.....Your gross will go up by the amount of insurance you get.
You will be required to pay taxes on a large sum of money that you have never seen. If you're married, take your tax form that you just finished and see what $10,000 to $15,000 does to it or $20,000 if you have one of those Cadillac plans.....or if you have a few kids on it. That additional gross goes right on your tax debt. That's what you'll pay next year.
For many, it also puts you into a - - - - -> new, higher bracket....so it's even worse.
This is how the government is going to buy insurance for the 15% that don't have insurance, and it's only a little part of the new tax increases that are coming.
Not believing this, I researched the summaries and here's what I'm reading:
On page 25 of 29: TITLE IX REVENUE PROVISIONS- SUBTITLE A: REVENUE OFFSET PROVISIONS-(sec. 9001, as modified by sec. 10901)
Sec.9002. "requires employers to include in the W-2 form of each employee. The aggregate cost of applicable employer sponsored group health coverage that is excludable from the employees gross income."
Joan Pryde is the senior tax editor for the Kiplinger letters. Go to Kiplingers and read about 13 tax changes that could affect you. Number 3 is what I just told you about.
Why am I sending you this? The same reason I hope you forward this to every single person in your address book.
People have the right to know the truth because an election is coming in November.
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