Nickname said:
dude this tax will affect me and I make a measly $43k supporting me and my wife and her thousands of dollars in student loan debt.
Adding the cost of the insurance to gross income hurts the unwealthy more than the wealthy. For instance, adding $5000 to the income of someone making $50k is a 10% increase, while adding $5000 to someone making $500k is only a 1% increase. Guess who is hurting more from this tax?
Hate to say it but MP was right on this one.
Quote:
Section 9001 consists of an excise tax on “Cadillac” health plans. It goes on to explain how tax increases will be done to cover this new plan that the government wants to impose. Basically stating that if you have provided your family with the very best in health coverage you get to be taxed extra. This tax is not very lenient either; they want to impose a 40 percent tax on the portion of insurance premiums exceeding $8,500 a year for individuals and $23,000 a year for family plans.
you have to pay more than 165 dollars a week as an individual or 450 as a family to even be considered for this tax. Its a tax on high-premium insurance plans, the big GOLD and PLATINUM plans. you won’t be touched nickname. the only people who can afford those retarded plans are the uber rich. I say tax away.