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To: Rashputin
This is from the IRS website. I think it is important to oppose Obamacare based on the TRUTHS about it, not based on internet fallacies and scare tactics.

Employer-Provided Health Coverage — Not Taxable Starting in tax year 2011, the Affordable Care Act requires employers to report the value of the health insurance coverage they provide employees on each employee's annual Form W-2. This reporting is for informational purposes only, to show employees the value of their health care benefits so they can be more informed consumers. The amount reported does not affect tax liability, as the value of the employer contribution to health coverage continues to be excludible from an employee's income and it is not taxable.

10 posted on 09/06/2010 5:59:34 AM PDT by Trust but Verify
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To: Trust but Verify

I would have no problem if company paid health insurance were taxable. It would level the playing field for the self employed, who...if they purchase HI...do so with taxed income.


13 posted on 09/06/2010 6:09:45 AM PDT by photoguy
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To: Trust but Verify

“...as the value of the employer contribution to health coverage continues to be excludible from an employee’s income and it is not taxable.”

...for now. This is just a way to “ease into it” and get the payroll/taxing systems modified.


27 posted on 09/06/2010 7:20:56 AM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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