oh look at the chain email I just got...
Well here is your ‘free’ health care.
PS- If you are working, you will be making quite a bit less next year. And this is only part of the additional costs!!!
Subject: Fw: YOUR TAXES FOR 2011
You really need to read this……starts next year.
This is supposed to be part of the new Health Care
Bill.
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 the 15% 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.
Why am I sending you this? The same reason I hope
you forward this to every single person in your
address book.
People have the right to know the truth because an
election is coming in November.