Subject: 2011 W-2 Tax Forms–Surprise, surprise
Check out how sneaky Obama and his regime
are. This was sent by a lady who does the taxes for seniors. She discovered
this and passed on this info.
Unbelievable, I did look up the bill and
read that section. It is 100% real.
Bad news for next years tax payers.
2011 W-2 Tax Forms
Should you want to verify this, go to http://www.thomas.gov/,
enter "HR 3590" in the search box and look for "CRS
Summaries." This is what you’ll find.
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 puts 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 from your