Information for next year!Title IX Revenue Provisions-Subtitle A: Revenue Offset
"(Sec. 9002) Requires employers to include in the W-2 form of each employee
The aggregate cost of applicable employer-sponsored group health coverage.
Starting in 2011 (next year) the W-2 tax form sent by your employer will be
Increased to show the value of whatever health insurance you are provided.
It doesn't matter if you're retired. Your gross income WILL go up by the amount
Of insurance your employer paid for. So you'll be required to pay taxes on a larger
Sum of money that you actually received. Take the tax form you just finished for... See More
2009 and see what $15,000.00 or $20,000.00 additional gross income does to
Your tax debt. That's what you'll pay next year. For many it puts you into a
Much higher bracket. This is how the government is going to buy insurance for
Fifteen (15) percent that don't have insurance and it's only part of the tax increases,
But it's not really a "tax increase" as such, it a redefinition of your taxable income.
Why am I sending you this? The same reason I hope you forward this to every
Single person in your address book because an election is coming in November. So vote intelligently, based on your values.
Also, adjust your tax withholding, or increase your savings, so that you aren't Surprised when your federal income taxes are due on April 15, 2012
I intend to live forever, or die trying. It Could Be that the Purpose of Your Life is Only to Serve as a Warning to Others. Join the Army, meet interesting people, kill them. All those who believe in psychokinesis raise my hand.