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Is this true on healthcare? people better wake up

Discussion in 'Off Topic Threads' started by leadhead358, Nov 19, 2010.

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  1. leadhead358

    leadhead358 Member

    Jul 9, 2008
    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, er, 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 the15% that don't have insurance and it's only part of the tax increases.

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

    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 is above.
  2. timberfaller

    timberfaller Well-Known Member

    Feb 24, 2007
    Eastern Washington
    As she said "we had to pass it so we can find out whats in it"

    I've heard that it is true, Its a monatary value from your employer so it is taxable, just like you were getting paid for services rendered!

    Welcome to the world of "pregressives"!! old world term: commie's
  3. Unknown1

    Unknown1 Well-Known Member

    Nov 5, 2009
  4. Chichay

    Chichay TS Supporters TS Supporters

    May 27, 2007
    Unknown 1,

    Read both of the sources you provided. The camel's nose is in the tent. Now why would you think the government is interested in knowing the value of the health care (premium?) provided gratis to you by your employer, AND tie it to your social security number (W2 form)? C'mon guy, aren't you a little bit curious?

  5. hmb

    hmb Well-Known Member

    Jan 29, 1998
    Here is the solution to this problem. The first year you get the W-2 form with the increased amount, retire, and receive a percentage of that increased annual income total for the rest of your life. HMB
  6. jagrdawger

    jagrdawger TS Member

    Mar 14, 2006
    Surely the president would not lie, he said my taxes would not increase one dime.

    So to not be a liar he is increasing them by many dimes.
  7. R.Kipling

    R.Kipling Well-Known Member

    Jul 29, 2007
    First, many of us have been seeing our helath care premimums on our "W-2's" for years. Anyone who is self employeed or pays for their own health insurance pays with 'after-tax' dollars.

    Second, Snopes is a wildly liberal Berkeley couple that have been proven vague and intentionally wrong for years.

    Last, no one, and I mean no one
  8. BT-100dc

    BT-100dc Active Member

    Nov 7, 2008
    Once you figure out who actually wrote it; get the Union bosses to testify before Congress to expose the deals, force the health insurance (especially AARP sponsored) & pharmaceutical companies to come clean on their sell-outs and peel back the onion you'll see what a piece of sh-t this thing really is. Look at the latest legislation: Obamacare doesn't deal with trial attorneys' lawsuits nor any attempt to bring true competition to the marketplace; the Financial Reform bill doesn't deal with hedge funds (Goerge Soros runs one of the largest); Stimulus Bill never stimulated small businesses; Freddie & Fannie never mentioned in any recent laws, and, the list goes on. The experts wrote that FDR's policies actually lenthened the Great Depression; you think that we're getting out of this recession anytime soon? It's amazing that the only good thing these Einsteins are looking at is from the previous President; i.e., the Bush tax cuts. BT-100dc
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