2011 Changes - Wave #3

[Chubminnow]

Now, your insurance will be INCOME on your W2's!



One of the surprises we'll find come next year, is what follows - - a little "surprise" that 99% of us had no idea was included in the "new and improved" healthcare legislation . . . the dupes, dupers, dopes, who backed this administration will be astonished!



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.



If you're retired? So 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. Take your tax form you just finished and see what $15,000 or $20,000 additional gross does to 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 part of the tax increases.



Not believing this??? Here is a research of the summaries.....



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."

[GeoFisher]

http://www.snopes.com/politics/taxes/HR3590.asp

Word for WORD from your post.

While I hate the taxes coming......................I also HATE the mis information.

[kydonky]

Gee-man-e-cricket.

Someone needs to learn how to read. Cost of employer paid health insurance
WILL NOT BE TAXABLE!!!!!!
it will be reported for information purpose on W2 but not counted as taxable income.

Ask your payroll clerk if you can't read.

If this is what the Tea Party has been told and believes we are in a bunch of trouble.

Oh by the way....we now know the world is round, but you do know the Universe is flat??? This is why the space program and Nasa are nothing but lies, Nasa was not involved in GPS technology because if you go to outerspace you fall off the edge.

[Chubminnow]

Well what do you know...maybe it's false after all...hell who knows.

At any rate, whether partially true or false or whatever, I'm glad I got people to discussing how much our taxes will be going up in the next few years.

Vote'm out!

[kydonky]

Chub, I think I should appologize. Sorry for unrulely comments. The health care changes are confusing, but the only plans that will ever be taxed are thise that are 27,000.00 or more a year. These are the plans that CEOs have that cover everything from botox to robotic arms.

Anyway, I think if we took the money spent on these elections we could wipe out the deficit.

[GeoFisher]

Chub, I think I should appologize. Sorry for unrulely comments. The health care changes are confusing, but the only plans that will ever be taxed are thise that are 27,000.00 or more a year. These are the plans that CEOs have that cover everything from botox to robotic arms.

Anyway, I think if we took the money spent on these elections we could wipe out the deficit.

NOT only CEO's. A lot of UNION plans fall into this category too........

[kydonky]

To bad its not my Union I need another botox