So, I receive a chain e-mail that my cousin sent to me and about 50 other friends and family members warning everyone that starting in 2011 the value of their employer provided health insurance will be
listed on their W-2 tax forms AND that they'll be expected to pay income tax on that amount. The e-mail then goes on to reference an article by Joan Pryde,
senior tax editor for Kiplingers, where they can read about this tax change.
The e-mail conveniently leaves out any link to the Kiplinger article, which can be found at:
http://www.kiplinger.com/businessresource/forecast/archive/health-care-reform-tax-hikes-on-the-way.htmlThe article lists a number of tax changes including the following:
A requirement that businesses include the value of the health care benefits they provide to employees on W-2s,
beginning with W-2s for 2011. The amount reported is not considered taxable income.I replied to my cousin that if he had bothered to check the Kiplinger article, he would see that it actually disproves what his e-mail was claiming,
and that the amount listed will not be taxed.
When I asked him if he was going to send out an e-mail retracting his original message to all the people to whom he sent the original message,
he said "no", because the people who were interested would check out the Kiplinger article themselves, and besides Obama probably does plan on
taxing those benefits some day, because he wants to tax everyone and so he has to be stopped at any cost
In other words, even though my cousin knows that what he said about the tax on health benefits is not true, he won't send out a message telling people that.