Monday, March 16, 2009

Obama Wants To Tax Your Employer Provided Health Benefits!

From the NY Times, here.

WASHINGTON — The Obama administration is signaling to Congress that the president could support taxing some employee health benefits, as several influential lawmakers and many economists favor, to help pay for overhauling the health care system.

The way the current tax laws read, health benefits provided by your employer are not taxable income. The average salary in the US is around $39,200 per capita. Do the math...assuming taxation at 33% taxing your employer provided health benefits adds up to an increased liability of about $4,000 per year or $335 per month. per household.
Ain't it fun being "rich" ?

Change, suckah!

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