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IRS: Employers Face $36,500 Per Worker Tax for ´Obamacare Dumping´
Breitbart´s Big Government, ^ | 5/27/14 | Wynton Hall

Posted on 05/26/2014 10:47:17 PM PDT by Nachum

The Internal Revenue Service ruled it will impose a tax penalty on employers of up to $36,500 per worker for dumping employees into the Obamacare exchanges. The New York Times, which broke the story, reports: When employers provide coverage, their contributions, averaging more than $5,000 a year per employee, are not counted as taxable income to workers. But the Internal Revenue Service said employers could not meet their obligations under the health care law by simply reimbursing employees for some or all of their premium costs. The IRS ruling is an effort by the Obama administration to stop employers with 50 or

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: employers; irs; obamacare; tax
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What part of "We are so screwed" do you not understand?
1 posted on 05/26/2014 10:47:17 PM PDT by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 05/26/2014 10:47:43 PM PDT by Nachum (Obamacare: It's. The. Flaw.)
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To: Nachum

Every company on the edge of 50 will either fire or not hire to get below that number.


3 posted on 05/26/2014 10:48:46 PM PDT by Kozak ("It may be dangerous to be America's enemy, but to be America's friend is fatal" Henry Kissinger)
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To: Nachum

I missed this as part of the Obamacare scheme


4 posted on 05/26/2014 10:48:57 PM PDT by dila813
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To: Nachum

UFB -—> unbelievable....


5 posted on 05/26/2014 10:49:43 PM PDT by Paladin2
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To: Nachum

“Benefits” has become a monster. Gone are the days that one’s doctor (1) charged $20 for a one-hour visit, and (2) had nothing to do with one’s employment. Today the market is distorted in multiple ways, and taxes such as this one amount to a bandaid upon a bandaid upon a bandaid on gangrene.


6 posted on 05/26/2014 10:51:36 PM PDT by coloradan (The US has become a banana republic, except without the bananas - or the republic.)
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To: Nachum

7 posted on 05/26/2014 11:00:43 PM PDT by garjog (Obama: making the world safe for Sharia.)
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To: Nachum

Yet the US Government (Employer) can pay for a portion of the Obamacare costs for their employees (Congressmen and such). This is ok with the IRS?

CC


8 posted on 05/26/2014 11:01:35 PM PDT by Captain Compassion
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To: Nachum
Now an employee becomes a liability. You won't get dumped on an Obamacare exchange. You will just get dumped. Especially if you don't represent a good revenue stream for the company vs your salary/wage expense.
9 posted on 05/26/2014 11:03:24 PM PDT by Myrddin
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To: coloradan
Distorted doesn't begin to cover it. I've paid off my mortgage, but I still have to put aside $300/month to cover property taxes. I have to put out $492 every two weeks for health insurance...whether I use it or not. I still have a $9,000 deductible to meet before that nearly $13,000 pays squat. That is my employer sponsored plan. I can't imagine how bad it would be if I had any vain thoughts of retirement. The bastards would put a lien on my property to pay for other people's health care.
10 posted on 05/26/2014 11:07:53 PM PDT by Myrddin
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To: Nachum

which is why tea partiers, who discovered all of this by many of us actually reading the bill before anyone else did, worked so hard to put the GOP in a position to stop it.


11 posted on 05/26/2014 11:14:51 PM PDT by dadfly
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To: Nachum

Tyranny. Americans should not be putting up with this crap!


12 posted on 05/26/2014 11:17:53 PM PDT by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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Comment #13 Removed by Moderator

To: Myrddin

How about 800 a month for prodperity tax that goes up ten percent a year and over a grand a month for worthless health insurance?

Welcome to Texas. No state income tax though. Yeah.

Yes. We’re screwed. Welfare pays better than work and has better benefits and is more secure.


14 posted on 05/26/2014 11:55:11 PM PDT by Sequoyah101
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To: Sequoyah101

10% a year? I was thinking of moving there soon.


15 posted on 05/27/2014 12:06:33 AM PDT by funfan
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To: Nachum
But...but...that's not in the law. The IRS / Regime can't just impose taxes or penalties not passed by Congress.

Oh, silly me...we don't live in a Constitutional Republic anymore.

Employers will just drop below the 50 mark or not provide insurance and not reimburse employees the cost.

16 posted on 05/27/2014 12:14:19 AM PDT by Eagles6 (Valley Forge Redux. If not now, when? If not here, where?)
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To: Nachum

All your business are belong to government.


17 posted on 05/27/2014 12:38:29 AM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: Nachum

the headline is misleading.
employers have these options.

dump employee coverage,
and pay a $2000 a year fine
....................................
above, but give more $$ to employee so employee can join Obamacare...
pay a $2000 a year fine, the added $$ is treated as ordinary wages.
...................
pay for employee’s Obamacare with pre-tax money,
and pay a $100 A DAY fine (36500)
....


18 posted on 05/27/2014 12:47:22 AM PDT by RockyTx
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To: Kozak
Every company on the edge of 50 will either fire or not hire to get below that number

It won't do any good. The Obungler will just change it again. I don't know who I despise more, these rat bastards, or the communists. Actually, I guess I got a little redundant there.

19 posted on 05/27/2014 1:29:41 AM PDT by Mark17 (Chicago Blackhawks: Stanley Cup champions 2010, 2013. Vietnam Vet 70-71 Msgt US Air Force, retired)
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To: Nachum

There should be no irs; there should be no government involvement in health care.


20 posted on 05/27/2014 1:32:11 AM PDT by Post5203 (For the first time in my life, I despise this country.)
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