Awesome

[trackrat59]

I work in health care with physicians. I'm far from an expert on this topic so this is just a guess on my part.

I remember reading that there will be additional taxes for health care insurance companies. The amount being stated on employees' W-2s could be connected to the increased tax the carriers are being asked to pay. It might be that they will use the total cost employers are paying for health care and tie that number back to additional taxes for the insurance companies. The total cost being paid per employee being stated on a W-2 would validate the cost to the employer therefore establishing a real total number to tax the insurance companies on.

If this is correct it will be a Catch-22 for insurance companies. The more they charge the higher they are taxed.

Not being Pollyanna and just a guess on my part based on what I read about the additional taxes to carriers.

Will each of us wind up paying more in the end? Likely.

[Danzig]

i don't see why this would add govt jobs, w-2's already are verified by someone, one more blank to look at shouldn't make a big difference. they probably only verify a percentage.
and i don't see a correlation between adding that line now and a tax on the info later. but maybe i'm just being naive in that degree. they already track income before and then income after 401k deposits, even tho the after is the only one to be taxed at the time.

[AeWingnut]

is this why they need another 16,000 IRS agents?

[Danzig]

Originally Posted by AeWingnut

is this why they need another 16,000 IRS agents?

more audits maybe?

[Cannon Shell]

Originally Posted by Danzig

and i don't see a correlation between adding that line now and a tax on the info later. but maybe i'm just being naive in that degree. they already track income before and then income after 401k deposits, even tho the after is the only one to be taxed at the time.

Q-What would the first step be if you (IRS) were going to include benefits as taxable income?

A-Carve out a line on the W-2 for the dollar value of your employers plan.

The IRS doesn't collect information for informational purposes. The Cadillac plans are already going to be taxed. The rest of us are the next step.

[clyde]

Originally Posted by trackrat59

I work in health care with physicians. I'm far from an expert on this topic so this is just a guess on my part.

I remember reading that there will be additional taxes for health care insurance companies. The amount being stated on employees' W-2s could be connected to the increased tax the carriers are being asked to pay. It might be that they will use the total cost employers are paying for health care and tie that number back to additional taxes for the insurance companies. The total cost being paid per employee being stated on a W-2 would validate the cost to the employer therefore establishing a real total number to tax the insurance companies on.

If this is correct it will be a Catch-22 for insurance companies. The more they charge the higher they are taxed.

Not being Pollyanna and just a guess on my part based on what I read about the additional taxes to carriers.

Will each of us wind up paying more in the end? Likely.

Oh shut that big yap of yours.