I periodically post about the amount we pay in taxes and the increases that are headed our way to pay for all this government spending.  With the passage of the healthcare bill we are certain to pay more taxes because this is the only way to pay for it and I have said previously that we as the American people were not told up front what was in this bill because the rage would be even worse than it is now.  As we track down the road for full implementation of the healthcare bill I have discovered another tidbit in the bill that could affect a lot of the Americans with a higher tax bill.

I have copied a portion of HR3590 (section 90020) which states the following:

“Title IX: Revenue Provisions – Subtitle A: Revenue Offset Provisions – (Sec. 9001, as modified by section 10901) Amends the Internal Revenue Code to impose an excise tax of 40% of the excess benefit from certain high cost employer-sponsored health coverage. Deems any amount which exceeds payment of $8,500 for an employee self-only coverage plan and $23,000 for employees with other than self-only coverage (family plans) as an excess benefit. Increases such amounts for certain retirees and employees who are engaged in high-risk professions (e.g., law enforcement officers, emergency medical first responders, or longshore workers). Imposes a penalty on employers and coverage providers for failure to calculate the proper amount of an excess benefit.

(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).”

Take a look at the provision sec 9002 that requires employers to include on the w-2 the employer sponsored health coverage!!  This is what I have been talking about and what is about to happen to the working people of this country!! This provision was put here on purpose because the tax on your health coverage will be so great that it will force all of us into the government plan because we will or cannot afford the higher taxes!!  I continue to implore you to vote out the incumbent and elect someone else!! If you are not registered to vote then do so and vote for someone new!!  I get tired of my money being stolen from me and given to the government or people who do not want to work.  Eventually, we will have given all the money we have and it will not be enough to continue down this road!! Just look and Europe and Greece as an example!!

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