Q&A — Is Bush Going to Tax Company Insurance?
Cis: Last night my daughter and I had a discussion about Bush speech ... one small part ... and I haven't see it mention anywhere. So did I dream it? That is the taxing of the employee's insurance. If I understood it right, what ever your employer pays for your insurance at work will be considered an income now ... and so it will be taxable. did I understand it right and why aren't the people upset about it?
DFO: Cis, I heard the president's State of the Union speech, too. But I didn't hear him say anything remotely like the rumor raised by your daughter (although I've heard the rumor, too). I published the full copy of his speech earlier this week. And you can read it yourself here. I see tax breaks re: health insurance in that speech. No tax increases. Am I missing something?
