Oops. Think Obama is even aware of this? I know my taxes will roughly double on Jan 1 and I’m already underwater.
"Now, your insurance will be INCOME on your W2's!
One of the surprises we'll find come next year, is what follows - - a little "surprise" that 99% of us had no idea was included in the "new and improved" healthcare legislation . . . the dupes, er, dopes, who backed this administration will be astonished!
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."
If they think increased taxes don’t get passed on to the consumer they have to be delusional. The poor spend more of their income on goods then do the rich by necessity. Therefore they have less buying power if taxes increase for those who own the businesses they purchase from.
Do you think he even gives a rats ass? All he and the Democrats care about is how to play it politically. Poor people are just props they use in their little Kabuki theater. When the play is done, they throw the props away.