Employees at larger companies are getting some eye-opening news in the W-2 statements they are receiving this month listing their 2012 income. The health overhaul law required employers to add a line reporting the total cost of employer-sponsored health-insurance coverage. “To some, it will be a surprise, perhaps even a shock,” Robert Pear reports in a New York Times piece, “To Open Eyes, W-2s List Cost of Providing a Health Plan.” Prof. Nicole Huberfeld, an expert on health law at the University of Kentucky, who received her W-2 form on Monday, said, “Most people
"The number is being disclosed on a tax form even though health benefits are not counted as taxable income — yet."
Since 98% of taxpayers had their income tax rates made permanent on 12/31/12 (applause for John Boehner), more income has to be subject to taxation. The W-2 reporting requirement could eventually permit this.
All the people who get their insurance through their employers need to be aware of the cost, and they should also be aware that that is a tax-free benefit (for now, anyway.) And quit their bellyaching about their employers!
They also should be aware of the other costs their employer incurs for the privilege of being an employer--half of the social security costs, medicare costs, and all of the unemployment insurance costs.
#4-5...True but also remember Workman´s compensation.
Employees are under a mushroom when it comes to their pay. Most believe all they earn is what they take home minus income taxes. They should be aware of all those costs the employer has to pay which, technically, has to count as their "gross income" (from the employer´s standpoint) and realize "take home" is not their total earnings.
Members of the military have the same situation. Free healthcare, non contribution to retirement and other benefits all have to be counted into the gross salary. But, like civilians, they only see "take home" and not the gross.
One of the most asinine aspects of Obama´s power grabs is he´s spending trillions buying votes already has in his pocket. In order to grow this group in need of handouts,he has to bring them in from other countries,with Mexico being the primary target. Not only does Obama not enforce the border,he´s sending fliers to Mexicans telling free food and healthcare await them on their arrival.Maybe I´m crazy but i see this as an act of treason,aiding and abetting this country to go bankrupt..
This moron uses kids as props to get gun laws passed but he couldn´t care less about the future debt they´ll inherit as this failed attempt to turn America into a socialist country.
Promoting the general welfare doesn´t mean promoting foreigners to welfare.
Leaders of the nation’s biggest technology firms warned President Obama during a lengthy meeting at the White House on Tuesday that National Security Agency spying programs are damaging their reputations and could harm the broader economy. Cisco Systems has said it is seeing customers, especially overseas, back away from American-branded technology after documents revealed that the NSA enlisted tech firms and also secretly tapped into their data hubs around the world as the agency pursued terrorism suspects. Companies such as IBM, AT&T and Verizon Communications are facing angry shareholders, some of whom have filed
The Kaiser Family Foundation said Tuesday that roughly 5 million Americans will earn too much money to qualify for a government health-insurance program and too little to qualify for subsidized coverage under Obamacare next year. These Americans are in this “coverage gap” because they live in states that opted not to expand Medicaid under President Obama’s overhaul. The nonpartisan organization said the people that fall into this coverage gap are concentrated in states with the largest uninsured populations. More than a fifth of them live in Texas, 16 percent live in Florida, 8 percent in Georgia, 7 percent in North Carolina
The U.S. Army is sending roughly 19,000 active-duty captains and majors to a screening board for early separation this spring, the Army Times reported. Up to 20 percent of those screened — approximately 3,800 officers — could be scheduled to leave the service by the Officer Separation Board and Enhanced Selective Early Retirement Board. Officers with fewer than 18 years of federal active service will have their screening process done by OSB, and those with more than 18 years of service will see the E-SERB, according to the Army Times. “The Army’s drawdown plan is a balanced approach while maintaining
John Fonte’s excellent piece on the home page adds to the case made by Yuval Levin, Tim Carney, Douthat & Salam, and others for the GOP adopting what Senator Jeff Sessions calls “a humble and honest populism” as the antidote to the perception of conservatism and the Republican party as favoring big business at the expense of working people. Corporate support for big government cronyism, racial preferences, the sovereignty-undermining Law of the Sea treaty, and unlimited immigration (not to mention appeasement of the Soviet Union back in the day) highlight the anti-conservative and post-American nature of today’s big
President Obama is ending his fifth year in office matching the worst public approval ratings of his presidency, with record numbers of Americans saying they disapprove of his job performance and his once-hefty advantages over Republicans in Congress eroded in many areas, according to a new Washington Post-ABC News poll. His position is all the more striking when compared with his standing a year ago, as he was preparing for his second inauguration after a solid reelection victory. That high note proved fleeting as the president faced a series of setbacks, culminating in the botched rollout of his Affordable Care
The bipartisan budget compromise that passed the House by a wide margin last week has inspired House Speaker John A. Boehner (R-Ohio) to blast outside conservative groups that he said were using Republican members of Congress for their own gain. It has inspired kind words between the two legislators — Senate Budget Committee Chairman Patty Murray (D-Wash.) and House Budget Committee Chairman Paul Ryan (R-Wis.) — who hammered out the deal. And it has inspired hope that, after years of governing by crisis, Congress may begin returning to something resembling regular order. But that hope masks a deeply divided Senate,
Lobbyists and the GOP political establishment applauded Speaker John Boehner´s strident attacks against the Tea Party and conservatives as the House prepared to approve the Ryan-Murray budget deal. Boehner hadsaid that conservative groups had "lost all credibility" for opposing a budget deal that increases the national debt. While business groups may get a tingle hearing Boehner´s harsh words, one wonders how alienating the grass roots will help them curtail the next government overreach. “You didn´t hear all the applause across downtown?” Dirk Van Dongen, a top GOP lobbyist with the National Association of Wholesaler-Distributors (NAW) said about Boehner´s remarks. “Folks
CENTENNIAL, Colo. — A teenager who wounded a fellow student before killing himself at a suburban Denver high school entered the building with a shotgun, a machete, three Molotov cocktails and ammunition strapped to his body, likely intending to track down a librarian who had disciplined him, authorities said Saturday. After firing a round down a hallway, Karl Pierson, 18, shot a fellow student who just happened to be sitting nearby with a friend as he headed toward the library. Claire Davis, 17, was shot in the head at point-blank range and remained hospitalized Saturday in critical condition. Pierson set
Early news reports have identified the Arapahoe High School gunman as Karl Halverson Pierson, an 18-year-old student. Pierson is believed to be responsible for wounding one other student before shooting and killing himself with a shotgun. The Denver Post reports that Pierson had "very strong political beliefs" and that one Facebook post he authored tore into Republicans as political party that wanted to let people die: "[Y]ou republicans are so cute" and posting an image that reads: "The Republican Party: Health Care: Let ´em Die, Climate Change: Let ´em Die, Gun Violence: Let ´em Die, Women´s Rights: Let ´em Die,
A round of successful deal-making on Capitol Hill has altered the political dynamic in Washington, raising hopes within the Obama administration that stalled second-term priorities such as immigration might still have a chance at success. The key movement has come in the House, where members of both parties overwhelmingly approved a two-year budget deal and where Speaker John A. Boehner (R-Ohio) declared war on the tea party groups that have bedeviled him. The developments heighten the possibility of progress on issues such as immigration, which has been at the top of President Obama’s agenda since he won more than 70
On Friday, the Obama- and Clinton-allied Center for American Progress finally revealed its long-sought corporate donor list after heavy pressure arising from CAP’s quasi-lobbying history. That scrutiny ratcheted up following the announcement that CAP founder John Podesta would be formally joining the Obama administration. Both Politico and The New York Times called for the donor list to meet the public eye. And so CAP handed over the list to the leftist Huffington Post. Incredibly, its 2013 donor list contains a myriad of massive corporations, including Apple Inc., AT&T, Bank of America, BMW of North America, Citigroup, Coca-Cola, Discovery, GE, Facebook,
On Friday, Media Matters for America announced victory in its longtime war with Fox News. The George Soros-funded organization announced to Huffington Post that “in the coming years, Fox will no longer be the center of Media Matters’ universe.” Vice President Angelo Carusone explains, “The war on Fox is over. And it’s not just that it’s over but it was very successful. To a large extent, we won.” How, exactly, did Media Matters win if Fox News remains a prohibitive ratings monster against competitors MSNBC and CNN, and retains far more of the public trust than either of those networks?
Sure, he likely didn’t mean anything overtly sexual by it. But Vice President Joe Biden is a folksy kind of guy who has officially entered dirty old man territory and done something sure to elicit laughs within the White House Press Corps. Look how he’s manhandling The Hill‘s White House Correspondent Aime Parnes for this photograph taken at a recent holiday party that she posted on her Facebook page. For most people’s tastes he’s grazing way too close to the vicinity of her abdomen. And watch her reaction. Is it shock, awe, utter disbelief? Whatever the expression, she appeared to
Michelle Obama has once again stepped out in her $6,800 J Mendel jacket, despite fielding a backlash last time she wore the pricey garment. [Snip] But the last time she wore the embellished garment, in July 2012 at a Buckingham Palace reception in London, political commentators took issue with the fact that she had spent so much on fashion while so many in the U.S. are suffering financially. A post on the Gateway Pundit blog remarked that the design ´cost more than the average American family makes in a month ($4,284)´. ´She does this as Americans continue to suffer through a
Reportage of last week´s Nelson Mandela funeral reveals clearly enough that President Obama has reached the point in his tenure where everything ceases to go right -- when even the most serious and determined efforts deteriorate into a hash, or worse, a joke. This happens to everyone in public life eventually, politicians above all. The original attraction wears thin, flaws appear more prominently, styles and opinions change. There is little the individual can do to avoid this.(snip)The Mandela funeral shows that Obama is deep into this phase of his career, and has landed on his head.
The universe is a hologram and everything you can see - including this article and the device you are reading it on - is a mere projection. This is according to a controversial model proposed in 1997 by theoretical physicist Juan Maldacena. Until now the bizarre theory had never been tested, but recent mathematical models suggest that the mind-boggling principle could be true. According to the theory, gravity in the universe comes from thin, vibrating strings. These strings are holograms of events that take place in a simpler, flatter cosmos. Professor Maldacena´s model suggests that the universe exists in nine
London – Large tapestry portraits of President Barack Obama were unveiled for guests at the U.S. Embassy in London over the weekend. The recently-installed, large-scale tapestry portraits were created by National Medal of Arts winner and renowned American painter, photographer Chuck Close. Close created the portraits by compiling and interweaving Polaroids of the president from an hour-long photo shoot done the summer before, the Washington Post reports. The portraits are nearly 8 feet tall and more than 6 feet wide, with the final piece looking like photos but feeling like textiles. Close used one photo of Obama smiling and another
On Monday, Variety reported that Fox News had once again dominated all comers I the annual ratings, not merely blowing out CNN, MSNBC and HLN, but drawing more viewers than the combined averages of the three other networks. Fox News averaged 1.774 million viewers in primetime; the other three averaged a combined 1.626 million viewers in primetime. Fox finished sixth among all basic cable companies. The addition of Megyn Kelly to primetime has been a boon for Roger Ailes and company, with Kelly up 23% in total viewers in the timeslot. No wonder CNN, which is struggling to outpace Headline
In 2000, shortly after Hillary Clinton was elected to represent New York in the Senate, I was honored when she called seeking my advice.(snip)Hillary is a patriot who loves her country completely. Her deep commitment to public service and progressive causes runs through her veins. At the State Department, she proved to be an outstanding diplomat. She rolled up her sleeves and went to work repairing relationships with heads of state around the world. From the evolving conflicts in Afghanistan and Iraq to the turbulent Arab Spring, Hillary was always a steady hand on the foreign policy rudder. Over the years, Hillary and
Sen. John McCain (R-AZ) took some shots at his fellow Republicans during Tuesday’s Senate debate over the proposed bipartisan budget deal put together by Rep. Paul Ryan (R-WI) and Sen. Patty Murray (D-WA). Joining the more moderate wing of the Republican Party, McCain declared his strong support for the deal and accused any members of the GOP who plan to vote against it of lacking “intellectual integrity.” McCain said he was supporting the bill for two reasons: One, to prevent the possibility of another government shutdown, and two, to alleviate the “devastating impact of sequestration on our military.” “The American people steadfastly
"They stole all my stuff and used taxpayer money to do it," John Hnatio, a Maryland small business owner, says of the U.S. government. Hnatio claims the government has put his company, FoodquestTQ, nearly out of business by stealing his firm´s software that was designed to be licensed to the Food and Drug Administration to monitor food safety. The FDA "took our ideas, plagiarized my doctoral dissertation on which a patent was based, and then they infringed on our patent. The result was that it decimated our business," he adds. Hnatio says his company has been left hanging by a
Less than a month after it was hailed as “a great diplomatic coup,” the so-called Geneva accord to halt Iran’s nuclear ambitions seems to have come unstuck. The official narrative in Tehran is that Iran signed nothing. “There is no treaty and no pact,” says Foreign Ministry spokeswoman Marzieh Afkham, “only a statement of intent.” Originally, Iran’s official media had presented the accord as a treaty (qarardad) but it now refers to a “letter of agreement” (tavafoq nameh). The initial narrative claimed that the P5+1 group of nations that negotiated the deal with Iran had recognized the Islamic Republic’s right to enrich uranium
On Tuesday, MSNBC host Krystal Ball devoted a portion of The Cycle to advocating for the establishment of a national minimum guaranteed income. She insisted that research shows such a program does not create disincentives to work and could “eliminate poverty” with merely the stroke of a pen. Ball began by highlighting protest movements around the world advocating “for what sounds like a radical idea: Guaranteeing every citizen a monthly minimum income, or what some supporters call a ‘mincome.’” She said that the gravity of the issue of income inequality in the United States has prompted American lawmakers to consider
The FBI says it has helped to disrupt or prevent nearly 150 shootings and violent attacks this year, in part by steering potential gunmen toward mental health professionals. It´s an achievement that stands out during a year when President Barack Obama made curbing gun violence a priority, yet has had little success in getting new restrictions enacted. There have been hundreds of these disruptions since 2011, Attorney General Eric Holder recently told an audience of police chiefs, touting the behind-the-scenes work of a small FBI unit based out of Quantico, Va. In most cases, the FBI has helped potential offenders get