Have You Received Your W2 Form Yet? (Vanity)

Now | Me

[Cyber Liberty]

Pardon the vanity, but here goes. Has anybody received their W2 forms yet? The reason I ask is because, starting this year, many employers have to report how much they contributed to our health insurance premiums. This is a provision of Obama(mis)care.

Here is a link from the Horses...mouth.

Employers over a certain threshold number of employees need to start reporting this number, but it's only "informational" this year. In years to come, some of that number will be considered taxable income if it's over a certain amount, because it's considered "Cadillac Insurance." This is a tax "only on the rich." You know, like the rest of Obamacare only taxes "The Rich" (do I have to /sarc?).

I think this will be interesting to watch as the month of January unfolds and these forms start hitting the mailboxes...especially the low information voters' boxes. I think we may be in for some interesting fireworks as the DUmmies and KOmmies et al start finding out they have a "new" income stream, and Obama wants some of it. Look how well they handled finding out the Payroll Tax holiday ended....

I'm popping some corn, because the forms will all be sent by the end of the month.

[nomobs]

I don’t think so, but even if it is the law, it is not the practice. But then, what else is new with this administration.

[SoothingDave]

What makes you think DUmmies would see a future tax coming based on this information?

If anything, they’ll get more indignant that all this money they and their employers are spending on health care doesn’t get them more free prescriptions.

[Cyber Liberty]

Excellent point. Which will make the eventual dropping of the shoe that much more delicious. But your probably correct, there won’t be any wailing and gnashing of teeth. Too bad, really, I was looking forward to the clothes rending part.