My federal tax responsibility has remained unchanged. However I now, thanks to obamacare, have to pay income tax on the portion of my health care my employer pays for me.
In essence I have received a tax increase and I make 5 figures. If the bush tax cuts are allowed to expire for all, which they will since congress didn't vote on it before vacation and dont have any apparant plans to do so when they return, then my taxes will go up again.
You know this isn't true, right?
snopes.com: 2011 W-2 Tax Forms and HR3590
Depends on the cost of the policy.
Well, the Insurance companies will be taxed.
You're not going to pay income tax on it.
Anyway, Plymco stated in his post that he makes 5 figures.
Somehow I doubt he's got a "Cadillac" healthcare plan.