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Old 06-28-2012, 11:09 PM   #14
SteelCityMom
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Default Re: Supreme Court upholds Obama health care law

The health insurance that your company pays for you will show up as INCOME on your W2's.

•Starting in 2013, your W-2 tax form sent by your employer will show the value of whatever health insurance you are given by the company. If you are not at a taxable income level yet, this could throw you into one. Employers are already warning employees that this will happen.

•If you're retired your gross income will go up by the amount of insurance you get.

•This will increase your taxable income. Many companies pay $10,000 to $25,000 a year for health insurance per employee. Add that to your gross pay from now on. For many, it also puts you into a higher tax bracket.

This is the repercussion of what's happening, and if you don't think this effects every single American who legally pays taxes, you're kidding yourself. Directly from the ACA HealthCare bill. This equates to the largest tax increase in U.S. history, and even the largest ever in the world.
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