capologist Posted June 28, 2010 Share Posted June 28, 2010 Debunk it if you can and if so, I'll be relieved otherwise, just a case of more lying from politicians in Washington: (yes, this is an email)REGARDING 2011 W-2 Tax Forms and HR3590I contacted my Congressman about House Bill 3590, the Health Care bill and asked for a summary of changes. The Aid directed me to go to http://www.thomas.gov/, enter "HR 3590" in the search box and look for "CRS Summaries."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 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.Not believing this I researched the CRS Summary and here's what found: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)."Joan Pryde, is the Senior Tax Editor for the Kiplinger Letters. Go to Kiplinger's <http://www.kiplinger.com/businessresource/forecast/archive/health-care-reform-tax-hikes-on-the-way.html> and read about the thirteen (13) tax changes for 2010 that could affect you. Quote Link to comment Share on other sites More sharing options...
kicker Posted June 28, 2010 Share Posted June 28, 2010 http://www.snopes.com/politics/taxes/hr3590.asp Quote Link to comment Share on other sites More sharing options...
keithbrooking56 Posted June 28, 2010 Share Posted June 28, 2010 http://www.snopes.com/politics/taxes/hr3590.aspI love who snopes just kills crazy internet rumors which to be fair seem to be coming more from the right in terms of political crazy rumors. Quote Link to comment Share on other sites More sharing options...
pencilpusher. just because Posted June 28, 2010 Share Posted June 28, 2010 http://www.snopes.com/politics/taxes/hr3590.aspSources : Fox news. Quote Link to comment Share on other sites More sharing options...
Leon Troutsky Posted June 28, 2010 Share Posted June 28, 2010 http://www.snopes.com/politics/taxes/hr3590.aspAnd it only took 11 minutes to debunk it. If only people would go to Snopes first before passing along the email spam stuff. Quote Link to comment Share on other sites More sharing options...
King ED Posted June 28, 2010 Share Posted June 28, 2010 *Waits for Fox and/or some conservative site to say that Snopes is a liberal spin site* Quote Link to comment Share on other sites More sharing options...
Bullitt Posted June 28, 2010 Share Posted June 28, 2010 Never, ever, ever believe what you get in a chain email.Except the ones from Ethiopian millionaires needing someone to hold onto their money for awhile. Those are true. Quote Link to comment Share on other sites More sharing options...
kicker Posted June 28, 2010 Share Posted June 28, 2010 I love who snopes just kills crazy internet rumors which to be fair seem to be coming more from the right in terms of political crazy rumors.No doubt, the right has a disproportionate share of rumors. Quote Link to comment Share on other sites More sharing options...
=abrahamburger= Posted June 28, 2010 Share Posted June 28, 2010 I don't like Snopes. Their BBQ sucks. Quote Link to comment Share on other sites More sharing options...
kicker Posted June 28, 2010 Share Posted June 28, 2010 I don't like Snopes. Their BBQ sucks.SLOPES! Quote Link to comment Share on other sites More sharing options...
capologist Posted June 28, 2010 Author Share Posted June 28, 2010 I can't access snopes at work, glad to hear that's not true... Quote Link to comment Share on other sites More sharing options...
capologist Posted June 28, 2010 Author Share Posted June 28, 2010 Never, ever, ever believe what you get in a chain email.Except the ones from Ethiopian millionaires needing someone to hold onto their money for awhile. Those are true.I usually don't but this one was from someone that usually checks it out before sending. I got lazy... Quote Link to comment Share on other sites More sharing options...
muskokas finest © Posted June 28, 2010 Share Posted June 28, 2010 If you want to see the effects of universal health care, look north to Canada. Higher income taxes, sales taxes, consumption taxes etc. and higher consumer prices, even factoring in the exchange rate. All that and the government still has to run a huge per capita deficit and pump money into the health care system. Quote Link to comment Share on other sites More sharing options...
=abrahamburger= Posted June 28, 2010 Share Posted June 28, 2010 SLOPES!Racist. Quote Link to comment Share on other sites More sharing options...
Rambler Posted June 28, 2010 Share Posted June 28, 2010 I don't like Snopes. Their BBQ sucks.Yea, but the cole slaw rocks! Quote Link to comment Share on other sites More sharing options...
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