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Obamacare: 40% tax on highend healthcare plans?
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<blockquote data-quote="brett636" data-source="post: 990053" data-attributes="member: 249"><p>You are confusing the Cadillac health plan tax with current income taxes. This is not a tax that is included when you file your 1040 every year with the IRS. This is a 40% tax that is charged to your employer if your healthcare plan is considered to be too expensive or lavish. Our healthcare plans at UPS will fall under this tax when it goes into effect in 2018. The teamsters fought hard for this President to get elected not knowing the hardships it will cause them in the long term as I don't think this has gone unnoticed by UPS management and will be brought up when contract negotiations start later this year or next.</p></blockquote><p></p>
[QUOTE="brett636, post: 990053, member: 249"] You are confusing the Cadillac health plan tax with current income taxes. This is not a tax that is included when you file your 1040 every year with the IRS. This is a 40% tax that is charged to your employer if your healthcare plan is considered to be too expensive or lavish. Our healthcare plans at UPS will fall under this tax when it goes into effect in 2018. The teamsters fought hard for this President to get elected not knowing the hardships it will cause them in the long term as I don't think this has gone unnoticed by UPS management and will be brought up when contract negotiations start later this year or next. [/QUOTE]
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