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Healthcare Tax Hikes for 2013 May be Just a Start

December 26, 2012

New taxes are coming Jan. 1 to help finance President Barack Obama's healthcare overhaul. Most people may not notice. But they will pay attention if Congress decides to start taxing employer-sponsored health insurance, one of the options in play if lawmakers can ever agree on a budget deal to reduce federal deficits.

The tax hikes already on the books, taking effect in 2013, fall mainly on people who make lots of money and on the health care industry. But about half of Americans benefit from the tax-free status of employer health insurance. Workers pay no income or payroll taxes on what their employer contributes for health insurance, and in most cases on their own share of premiums as well.

Read the full story: http://bit.ly/WGJemx

Source: ModernHealthcare.com