Too bad this is not true.
Why the blanket “not true”? What do you have to the contrary? At least this post has a citation.
This really is concerning for my parents ‘cuz of the “... it doesn’t even matter if you’re retired. Your gross income WILL go up by the amount of insurance your employer paid for. So youll be required to pay taxes on a larger sum of money that what you actually received. Try taking the tax form you just finished filing for 2009 and see what an additional $15,000.00 or $20,000.00 gross income does to your tax debt.”
Curious, sincerely why you say not true.