Sunday, April 25, 2010

Here it comes

The Obama administration has issued instructions to employers regarding next year’s tax reporting requirements under the health care bill. Employers will add the value of any health care benefits to your w-2. That means everyone’s taxable income goes up. Wait, not everyone, only people who actually work and get a w-2. Whatever happened to bit about only taxing people who make over $250,000 Deluded Kool-Aid drinkers bought the lie.

Look at the section “WAGE REPORTING AND TAXES”.

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