Tuesday, October 20, 2009

Congratulations America! Senate Finance Health Care Bill Raises Taxes in January

Are you ready for this little nugget of gold found in the Senate Finance Committee Health Care Bill? If I am reading this correctly with all of the "ands" and the mention of the IRS......

According to Section 6002, page 1435, Taxable income will be revised to include employer sponsored coverage. And it takes effect after December 31, 2009.

So, for all of you who really want the health care bill to pass, get ready for the feds to tax you on your current benefits. So nice of you to be so very happy and supportive of higher taxes.

And for those of us who are against mandated health care, get ready to grimace as we have to determine how to make less money go farther everyday.

Yep, it's a nugget. Just kind of depends on which side of the equation you are on as to how to define nugget-- gold or not.

No comments: