In my scenario, I was being compensated to the tune of $54K per year and being taxed on $50K.
Now, I am being taxed at the full $54K - with NO adverse penalty to my employer.
I AM OUT OF POCKET AN ADDITIONAL $1200 THROUGH NO FAULT OF MY OWN, THE COMPANY ACTUALLY ADDS MONEY TO ITS BOTTOM LINE, AND THE GOVERNMENT GETS FAT SUCKING EXTRA TAX OUT OF ME ...
Tell me - where is the Fairness in that?
What ever happened to, "If you make less than $250K, you won't see your taxes go up one penny ..."
OF COURSE IT DIDN'T - IT DIDN'T GO UP ONE PENNY, IT WENT UP 120,000 PENNIES !!!
And that is JUST one tax - more to come !!!
I’m not defending Obamacare.
I’m saying that the employer paid healthcare idea was never a good one and I’d like to see it phased out.
Income is income.
Once the government got involved in forcing employers to buy insurance for their emploeyees the whole situation go even more convoluted.
Like I said, I’d rather see the starting point for having to pay taxes go up than to employer provided health insurance benefits being untaxed. That is unfair to people whose employers don’t pay for health care. (Everything is unfair to someone I guess).
Maybe up the untaxed income threshhold to $18,000 per individual instead of around $9,000 now. That would mean you’d get an extra $9,000 of untaxed income over what you get now.
I’m not defending Obamacare.
I’m saying that the employer paid healthcare idea was never a good one and I’d like to see it phased out.
Income is income.
Once the government got involved in forcing employers to buy insurance for their emploeyees the whole situation go even more convoluted.
Like I said, I’d rather see the starting point for having to pay taxes go up than to employer provided health insurance benefits being untaxed. That is unfair to people whose employers don’t pay for health care. (Everything is unfair to someone I guess).
Maybe up the untaxed income threshhold to $18,000 per individual instead of around $9,000 now. That would mean you’d get an extra $9,000 of untaxed income over what you get now.