Reply To: Taxed on your Co’s Health Insurance Plan

god you all both suck, i found the text within 10 seconds of going to google.

http://democrats.senate.gov/reform/patient-protection-affordable-care-act-as-passed.pdf

senate final healthcare bill said:

SEC. 9002. INCLUSION OF COST OF EMPLOYER-SPONSORED HEALTH

COVERAGE ON W–2.

(a) IN GENERAL.—Section 6051(a) of the Internal Revenue Code

of 1986 (relating to receipts for employees) is amended by striking

‘‘and’’ at the end of paragraph (12), by striking the period at the

end of paragraph (13) and inserting ‘‘, and’’, and by adding after

paragraph (13) the following new paragraph:

‘‘(14) the aggregate cost (determined under rules similar

to the rules of section 4980B(f)(4)) of applicable employer-sponsored

coverage (as defined in section 4980I(d)(1)), except that

this paragraph shall not apply to—

‘‘(A) coverage to which paragraphs (11) and (12) apply,

or

‘‘( the amount of any salary reduction contributions

to a flexible spending arrangement (within the meaning

of section 125).’’.

( EFFECTIVE DATE.—The amendments made by this section

shall apply to taxable years beginning after December 31, 2010.

NuRayz, you were looking at the previous section, which is about the additional tax, this thread was originally about adding the amount of your coverage onto the W2, which will in turn increase your taxes amount.