Tuesday, June 08, 2010

We Just Want the Information for Record Keeping

Q: Does the new health care law require workers to pay income tax on the value of employer-provided health insurance?
A: No. The value will appear on employees’ W-2 forms for information purposes, but will not be considered taxable income.

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Everyone who thinks the government just wants this information for record keeping raise your hand.

Everyone who thinks the government is entitled to know the private dealings between an employee and employer raise your hand.

Everyone who thinks the government is entitled to this information raise your hand.

If you believe the government will not use this information at some point in the future, I have a bridge in Brooklyn and some oceanfront in Arizona I can let you have cheap.

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