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UPS Union Issues
Obamacare socks union health plans with 40% tax
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<blockquote data-quote="balland chain" data-source="post: 1140372" data-attributes="member: 43608"><p>When all the Obama care info came out that I read over, it is my understanding that we will be taxed on the value of the plan we are on.. If we pay nothing for it the value of it will be added to our gross income for each year.. So if we are on a plan that is valued at 15,000 for a single person such as I, the tax would be in the area of 4500.00 to 5700.00 depending on your deductions and itemized filings.. I spoke with my accountant about this, and since we are on what they call premium plan we will be taxed at a higher rate.. So for a family plan that is valued at 30,000 the taxes would be in the area of 9000.00 to 11,000.00.. This is how my accountant explained it to me.. These taxes collected will pay for insurance for those who are unable to afford insurance... Again, it will all depend on how creative we can be with our deductions..</p></blockquote><p></p>
[QUOTE="balland chain, post: 1140372, member: 43608"] When all the Obama care info came out that I read over, it is my understanding that we will be taxed on the value of the plan we are on.. If we pay nothing for it the value of it will be added to our gross income for each year.. So if we are on a plan that is valued at 15,000 for a single person such as I, the tax would be in the area of 4500.00 to 5700.00 depending on your deductions and itemized filings.. I spoke with my accountant about this, and since we are on what they call premium plan we will be taxed at a higher rate.. So for a family plan that is valued at 30,000 the taxes would be in the area of 9000.00 to 11,000.00.. This is how my accountant explained it to me.. These taxes collected will pay for insurance for those who are unable to afford insurance... Again, it will all depend on how creative we can be with our deductions.. [/QUOTE]
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Obamacare socks union health plans with 40% tax
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