Finally, the language is out there. Seems like plenty of people are pouring over it, myself included. I intend this post to be a running total of "interesting" items. Let's get started.
They are going to count your company health insurance as income. This year. From Section 6002 on page 1435: INCLUSION OF COST OF EMPLOYER-SPONSORED HEALTH COVERAGE ON W–2The definition of taxable income is revised to include "the aggregate cost of applicable employer-sponsored coverage". . . "The amendments made by this section shall apply to taxable years beginning after December 31, 2009."
UPDATE:
Special Considerations for Reid?? Nah, say it isn't so!
Reid Leads Democrats In Carving Out Favors for States on Health
Oct. 20 (Bloomberg) -- Nevada would get help with its Medicaid bills. The elderly in Florida and New York would receive additional Medicare benefits. And workers in so-called high-risk professions such as firefighting and construction would get a break on a new insurance tax.
Those are provisions that Senate Democrats, including Majority Leader Harry Reid, put in an $829 billion health-care bill to shield constituents from measures intended to pay for the biggest overhaul of the medical system in four decades.
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