[StBernard] 2011 W-2 Tax Forms

[Westley Annis]

Title IX Revenue Provisions-Subtitle A:  Revenue Offset 
"(Sec. 9002) Requires employers to include in the W-2 form of each employee 
The aggregate cost of applicable employer-sponsored group health coverage.
  
  
Starting in 2011 (next year) the W-2 tax form sent by your employer will be 
Increased to show the value of whatever health insurance you are provided.

It doesn't matter if you're retired. Your gross income WILL go up by the
amount 
Of insurance your employer paid for. So you'll be required to pay taxes on a
larger 
Sum of money that you actually received. Take the tax form you just finished
for 
2009 and see what $15,000.00 or $20,000.00 additional gross income does to 
Your tax debt. That's what you'll pay next year. For many it puts you into a

Much higher bracket. This is how the government is going to buy insurance
for 
Fifteen (15) percent that don't have insurance and it's only part of the tax
increases, 
But it's not really a "tax increase" as such, it a redefinition of your
taxable income. 
  
Why am I sending you this? The same reason I hope you forward this to every 
Single person in your address book because an election is coming in
November. So vote intelligently, based on your values.   

  

Also, adjust your tax withholding, or increase your savings, so that you
aren't Surprised when your federal income taxes are due on April 15, 2012. 

Sincerely, 

Christian Fasullo 

Christian Paul Fasullo, J.D., LL.M., APLC.
Tax & Corporate Law Attorney