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Old 07-11-2010, 04:16 PM
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Cannon Shell Cannon Shell is offline
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Quote:
Originally Posted by brianwspencer View Post
But that's just a guess. A bill would have to be passed to make that the new law, and that would be something we would all fight against regardless of the party...it's not something that they're just going to be able to say "well here's a source of income," and decide without a vote that said taxation is the new rule.

This is nothing but pure conjecture.
Speculation would be a better word. But when the IRS starts requiring us to add the dollar value of benefits to the form on which we show income for tax purposes it is hardly a stretch to think that these benefits wont eventually be taxed.

Hundreds of new tax laws are passed every year, the many of them piggybacked on other bills, sometimes in the middle of the night. As you pointed out the opposition to this would be strong which is why it is being phased in gradually. The healthcare bill never would have passed with everybody's heathcare plans being included. Of course the "cadillac" plans are fair game because of those pesky rich people, the definition of which is poorer than it used to be.

Anyone who thinks that the govt, the current admisistration especially, isn't going to eventually dig deeper into your pockets to pay for their spending sprees is kidding themselves.
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