(a) In General- Section 6051(a) of the Internal Revenue Code of 1986 (relating to receipts for employees) is amended by striking `and' at the end of paragraph (12), by striking the period at the end of paragraph (13) and inserting `, and', and by adding after paragraph (13) the following new paragraph:
(14) the aggregate cost (determined under rules similar to the rules of section 4980B(f)(4)) of applicable employer-sponsored coverage (as defined in section 4980I(d)(1)), except that this paragraph shall not apply to--
- (A) coverage to which paragraphs (11) and (12) apply, or
- (B) the amount of any salary reduction contributions to a flexible spending arrangement (within the meaning of section 125).
(b) Effective Date- The amendments made by this section shall apply to taxable years beginning after December 31, 2010.
Please explain... Does this mean I am going to pay taxes on money you require my employer to spend on my behalf??? Does this mean, I am going to have less to spend in support of my family??? Does this mean you are starting up socialist health care for all? Does this mean Obama lied???
With the respect due the Office,
Edward Rodda
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