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re: Taxing Healh Benefits

Posted on 6/28/10 at 1:38 pm to
Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 6/28/10 at 1:38 pm to
This really seems like a data inquiry from the IRS. When that is supplied via the W-2 then the IRS can pool that data together and provide it to Congress as information they can use to figure out where to tax you in the future.

The email is wrong in what it is doing for next year but if anyone this this is only required as a feel good factor for the employee then they are pretty dumb. Congress just wants to see how much money they are possibly losing out on and at what tax point that can get to that money with the least amount of backlash.
Posted by xenon16
Metry Brah
Member since Sep 2008
3533 posts
Posted on 6/28/10 at 6:55 pm to
The bill includes a provision that begins taxing the "Cadillac" plans in 2018, meaning that the insurance companies will bear the tax for the plans that are top notch if they still exist by then
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