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 15 % that don’t have insurance and it’s only part of the tax increases.
Not believing this I researched the summaries and here’s what I’m reading: 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 .”
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 I just told you about.
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.
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