Tuesday, August 3, 2010

A 2011 Tax Surprise from Obama and Democrats that voted for Obamacare!...

Here's another hidden tax that Obama and the Democrats didn't tell you about when they rammed Obamacare down our throats against the will of the American People!....this will cost EVERY working and retired American where their company contributes to their Health Insurance....A middle class tax increase?...I think so even though Obama Promised it wouldn't happen...He LIED AGAIN!

Subject: Fw: 2011 W-2 Tax forms Surprise Surprise >

Title IX Revenue Provisions-Subtitle A: Revenue Offset
"(Sec. 9002) Requires employers to include in the W-2 form of each
employee the aggregate cost of applicable employer-sponsored group health coverage
that is excludable from the employee's gross income (excluding the value of
contributions to flexible spending arrangements)."

Starting in 2011-next year-the W-2 tax form sent by your employer will be
increased to show the value of whatever health insurance you are provided.
It doesn't matter if you're retired. Your gross income WILL go up by the
amount of insurance your employer paid for. So you'll be required to pay
taxes on a larger sum of money that you actually received. Take the tax form
you just finished for 2009 and see what $15,000.00 or $20,000.00 additional
gross income does to your tax debt. That's what you'll pay next year. For many it will put you into a much higher bracket. This is how the government is going to buy insurance for fifteen (15) percent that don't have insurance and it's only part of the tax increases, but it's not really a "tax increase" as such, it a
redefinition of your taxable income.

Also, go to Kiplinger's and read about the thirteen (13) tax changes for
2010 that could affect you.

Why am I sending you this? The same reason I hope you forward this to
every single person in your address book. People have the right to know the
truth because an election is coming in November. So vote intelligently,
based on your values.

But also adjust your tax withholding, or increase your savings, so that
you aren't surprised and put in a jam when your federal income taxes are due
on April 15, 2012.

Fight organized crime! Re-elect no one that voted for Obamacare!

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