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When you get your W-2 wage and tax statement this month, look at Box 12. For the first time ever, as a result of the Obama health law, the IRS is requiring employers to report the cost of health insurance you get at work.
The Obama administration claims that it's informational, so you'll appreciate the value of your health plan. Believe that and I'll sell you a bridge in Brooklyn.
...
In the hunt for new revenue, Washington politicians are almost certain to attack the single costliest exclusion in the tax code: the health coverage you get at work.
The Treasury estimates that not taxing employer-provided health plans reduces federal income-tax revenues by $177 billion a year, twice the revenue lost because of the deductibility of mortgage interest and quadruple the revenue lost from deducting charitable contributions.
Add in the extra payroll taxes that would be collected if employer-provided health plans were considered income, and the total revenue foregone reaches $286 billion a year.
So let's see how long it takes for them to go after this money.
When you get your W-2 wage and tax statement this month, look at Box 12. For the first time ever, as a result of the Obama health law, the IRS is requiring employers to report the cost of health insurance you get at work.
The Obama administration claims that it's informational, so you'll appreciate the value of your health plan. Believe that and I'll sell you a bridge in Brooklyn.
... In the hunt for new revenue, Washington politicians are almost certain to attack the single costliest exclusion in the tax code: the health coverage you get at work.
The Treasury estimates that not taxing employer-provided health plans reduces federal income-tax revenues by $177 billion a year, twice the revenue lost because of the deductibility of mortgage interest and quadruple the revenue lost from deducting charitable contributions.
Add in the extra payroll taxes that would be collected if employer-provided health plans were considered income, and the total revenue foregone reaches $286 billion a year.
So let's see how long it takes for them to go after this money.
In just a few more years so called Cadillac plans already slated to get hit .This is a way to find out who has one.
First they will come for the "cadillac plans" which they have already stated.
Then they will come for the next tier because this exchange is going to need funding.
Then anyone who is NOT in the exchange getting subsidized insurance will have to pay taxes.
When you get your W-2 wage and tax statement this month, look at Box 12. For the first time ever, as a result of the Obama health law, the IRS is requiring employers to report the cost of health insurance you get at work.
The Obama administration claims that it's informational, so you'll appreciate the value of your health plan. Believe that and I'll sell you a bridge in Brooklyn.
... In the hunt for new revenue, Washington politicians are almost certain to attack the single costliest exclusion in the tax code: the health coverage you get at work.
The Treasury estimates that not taxing employer-provided health plans reduces federal income-tax revenues by $177 billion a year, twice the revenue lost because of the deductibility of mortgage interest and quadruple the revenue lost from deducting charitable contributions.
Add in the extra payroll taxes that would be collected if employer-provided health plans were considered income, and the total revenue foregone reaches $286 billion a year.
So let's see how long it takes for them to go after this money.
I always figured if we did go to universal health care, they'd pay for it by taxing the value of the policies we get through our employes. This would be step 1 towards that goal.
I hope they do tax them. Why should I who pay my own insurance costs get no deduction for them while people whose employers pay them get to write the whole benefit off?
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