View Single Post
Old 06-28-2012, 10:09 PM   #14
MST3K Junkie
SteelCityMom's Avatar

Join Date: Aug 2010
Location: In the land of The Crazies
Posts: 7,687
Gender: Female
Member Number: 16666
Thanks: 2,756
Thanked 2,399 Times in 1,123 Posts
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.
People assume that time is a strict progression of cause and effect, but actually from a non-linear non-subjective viewpoint it's more like a big ball of wibbly wobbly timey wimey...stuff.
SteelCityMom is offline   Reply With Quote