Are you Ready for Jan. 1, 2011 I don't think so PLEASE READ

[RWilson2526]

Some scary stuff there for sure but one of the items jumped out at me as inaccurate. In wave 3 about health care benefits reporting on W-2.

Found this on a insurance companies website

http://www.zanebenefits.com/blog/201...+W-2+Reporting

Note on 04-05-2010: The aggregate cost of an employee's health benefits will not be included in the employee's taxable income. Rather, the reporting will be a way to verify medical coverage for the mandates. Also, the W-2 will be a way to track coverage values for the excise tax (starting in 2018) on medical coverage above the thresholds.

And I havent looked it up yet but if I recall the excise tax on premiums will only be on the amount up and above If I recall something like 16K a year which is a pretty fat number.

[willy]

Not sure of the source you quote from but I have already been informed by my employer that we will be recieving a W2 for the full amount of my benefits which for my family plan is just under 20,000.
Also my accountant has just told me the same. From what I saw on the news it has said the same.
These are scum, these are socialists, these are thieves. They need to be removed because they are going to destroy America, plain and simple, even many of the democrats are starting to finally see the light according to the latest polls.
Lets hope enough people wake the F up and vote this november.

[RWilson2526]

http://www.kiplinger.com/businessres...n-the-way.html

Here it is again from Kiplinger website who is quoted in the orginal email.

3. A requirement that businesses include the value of the health care benefits they provide to employees on W-2s, beginning with W-2s for 2011. The amount reported is not considered taxable income

And here's the part that shows that in 2018 even with your 20k a year you will be unaffected by the 40% excise tax.

10. A new 40% excise tax, beginning in 2018, on high-cost health plans, levied on the portion that exceeds $10,200 for individuals and $27,500 for families. The provision is aimed mostly at gold-plated plans offered by employers, although it can affect individual policies

It will be "reported" on your W-2 but not included as taxable income.

I'm not arguing your views that everyone should be voted out..just the accuracy of this particular point. Think about it if they included your $20K as taxable income you'd owe about 5K on that money...aint no way.

[RWilson2526]

....and Snopes was not used in the presentation of this data!!!

[THEFERMANATOR]

Just remember this, the healthcare bill was written by the masters of double speak. So there is SO much information in this bill that is contradictory to other parts it isn't funny. In the end it is left up to the politicians interpretation as to which way they choose to go with it.

[willy]

Good going RW on the no Snopes zone. Anyhow, I believe Kiplingers is wrong but I do not have info to present on the subject just what I have seen and read todate

[RWilson2526]

Digging a little more it seems that the article was taken from a tax reform website...it appears pretty much verbatim....except that the end of phase 3 somebody added the part about health care. it doesnt seem to appear in the orginal source.

http://www.ktradionetwork.com/tag/sp...eeds-kids-tax/