Taxes 2011...

[Captain Michael Buffington]

from a friend.

To fund the new health insurance plan, courtesy of the Hussein-Obama regime, our narcissistic learder has a little surprise for you all in next year's taxes. Don't forget in November that this takeover was rammed down our throats, against the wishes of the American people.

One of the things we're going to discover next year, is this - a little surprise that 99% of us had no idea was included in Obamacare. I appreciate all of you who relentlessly fought against the health care takeover. This is so shocking that even those who blindly support Obama, will be astonished.

Beginning in 2011, (that's next year folks), your ... See MoreW-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.

Retired? Ha! You're still screwed. 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 you've never seen. To get an idea of what to expect, 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're going to pay next year. And this gets even better.

This higher amount will shift many of you into a new higher bracket, so it's even worse. Much worse. (Wink) How are you liking Obama so far? This is how the government is going to buy insurance for the15 percent of those who don't have insurance and IT'S ONLY PART of the tax increases. Still not believing it? We knew this was coming down sooner or later. Hey, you wanted change and you damn sure got it.

Here's 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."

I now wonder if we will be taxed for the value of medicare and tricare insurance? Feel free to pass this good news on to your friends and family. Especially the ones who supported Barack Hussein Obama. Be sure to remind them of the November elections when we will ensure that this kind of crap never, every happens again.


Mike

[worldcat lemon]

is never free. Neither is a government sponsored healthcare plan better than a free market, consumer driven health care system.

We are going to see even worse things happen thanks to Obamacare.

Thanks for the info

[seapower]

I'm not really sure I understand the "verbage" of quote you put up. I look's to me that they are going to make the employer post what the coverage "cost's" and then add that figure to the gross income of the employee to be taxed. Not the value of the policy(what would be paid out if a claim was filed). What I am concerned about is this (haven't heard anything about it), what if they removed the "policy coverage cost" from the deductable's that an employer has at the end of the year. That would substantialy increase the tax load of the already burdened employer, there by giving Uncle Sam more money to throw away. BUT wait a minute, by making you declair the cost as income and taxing you on that they have just negated the deduction. The old "shell and nut" game!
Funny thing to me is, right after Obama was elected, everyone was claiming they voted for him. "Change you can believe" in and all! Not now!!! It's sort of like the Bill Clinton year's, after awhile you couldn't find anyone that would own up to it. Somebody had to vote for this discrace! Sure as the devil wasn't me!!! Everyone I voted for lost!!! Frank

[Captain Michael Buffington]

I'm not really sure I understand the "verbage" of quote you put up. I look's to me that they are going to make the employer post what the coverage "cost's" and then add that figure to the gross income of the employee to be taxed. Not the value of the policy(what would be paid out if a claim was filed). What I am concerned about is this (haven't heard anything about it), what if they removed the "policy coverage cost" from the deductable's that an employer has at the end of the year. That would substantialy increase the tax load of the already burdened employer, there by giving Uncle Sam more money to throw away. BUT wait a minute, by making you declair the cost as income and taxing you on that they have just negated the deduction. The old "shell and nut" game!
Funny thing to me is, right after Obama was elected, everyone was claiming they voted for him. "Change you can believe" in and all! Not now!!! It's sort of like the Bill Clinton year's, after awhile you couldn't find anyone that would own up to it. Somebody had to vote for this discrace! Sure as the devil wasn't me!!! Everyone I voted for lost!!! Frank

but I just recieved it today. We shall see but I would bet for the worst at this point. I hope and pray November is a turning point. Sorry about the mix up awhile back man.

Mike