Be sure to read the third paragraph from the bottom.
Tax Surprise in 2011
This is going to happen, get ready for it.
Here's something to think about when your 2011 taxes are due!!!
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.....
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 is above.
Read the 13 tax changes in the health bill
http://tinyurl.com/yk5xeqp
Wonder if we will be taxed for the value of
medicare and tricare insurance?
People have the right to know the truth because
an election is coming in November.
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