Your taxes and Obamacare

[Destroyer]

RW, you're right, we have had this discussion before. I reopened it because of something I was told the other day from the controller of the company I work for. She told me that, according to everything she has been told, and the classes that she's attended in order to understand the new health care law(s), we will, indeed have to pay taxes on that part of health care that is provided by our employers.

So in other words, and for the sake of discussion, lets say your health care plan costs $20,000 a year overall and that your employer pays for 50% of your health care plan and you pay for the other 50%. The part that you pay ($10,000) is not taxed, because it's an expense, but the $10,000 that your employer pays will be considered as income and will be taxed. She went further and stated that they will probably hand out 1099 forms for the additional income. (No, I don't know why) Now, I admit, this is all supposition and may or may not be the actual law, but, like I said, she's gone to courses already, and in them they are teaching that it is going to be treated as income. She's also a Senior VP in the company I work for, is the Controller of our company, is a C.P.A. and is pretty smart. She might be wrong. I might be wrong. The whole subject might be academic if the health care bill is ruled unconstitutional. But in all cases, it's an indication of the way that the present corrupt political government (left and right) in Washington is trying to screw the people of this Nation. We started to clean the cesspool this November past... we have to always remember that we need to complete the job in 2012.