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Quoted Text

This is supposed to be part of the new Health Care Bill.
I contacted my Congressman about House bill HR3590 the health care bill just passed. I asked for a summary of changes. The aid directed me to go to http://www.thomas.gov enter HR3590 in the search box and look for summaries.  

Starting in 2011 (next year folks) your W 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. If you're retired?  So what; 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 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 employee’s gross income."


Joan Pryde 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.

This needs to be repealed, NOW. Amazing, it's taken MONTHS to read this - supposedly lawmakers did it in less than 24 hours

This is what McCain pushed very hard for and is the only republican strategy so far.  The tax benefits were there to get more people to buy insurance and with national health care you don't need it.  Sorry but the tax break is old and it was time to go anyway.

why cant I just buy it like a house.....you know when I work for my employer I receive health insurance as part of my pay.......it's a product and
something that the government has no right to own just like my house or your house.....

survival:
1.freedom
2.health
3.home

I'm not so sure the government should be that intricately involved in our lives......they dont decorate my home and therefore have no business in it...
they dont make my healthcare choices for me(that is freedom) therefore they have no business in my own purchased health insurace.....maybe
localities should tax local health insurers based upon the 'risk' of the area....you know like living near GE/SI or anything of such.....kind  of like car
insurance and the distance one travels with it.......if you choose not to have healthcare/health insurance then oh well.......you can buy an apple or an
orange.......