TAX TSUNAMI #4, SURPRISE, GET OUT YOUR CHECKBOOK!

TAX TSUNAMI #4, if you don't read my Tsunami 1-3 blogs, be sure you read this one. It's the worst yet because it will hit almost everyone.

Now, your employer paid health care will be reported as INCOME on your W-2's. I'll bet that all of you who supported Obama and were in favor of his takeover of health care will be astonished to hear about this little SURPRISE. Yes, buried in the "new and improved" Obamacare is this little known fact.

Starting in 2011 (next year, Folks, coming soon), your W-2 wage/tax form sent to you by your employer will be increased to include the value of whatever health insurance benefit you are given by your company. It does not matter if that's a private company or a government body. EVERYONE will get this little surprise.

If you're retired? If you're raising a family? If you're married or single?
So What!! Your gross will go up by the dollar amount of insurance you get from your employer.

All of us will be required to pay taxes on a very large sum of money that we have never seen.

If you want to know how this will affect you just take your tax return from 2009, add on $10,000 to $20,000 or whatever dollar amount your employer pays for you, and see what this additional gross does to your tax debt. That's what you will pay in taxes next year.

For many this will also put you into a new higher tax bracket so the situation is even worse that it appears.

Now we know how the government is going to buy insurance for the 15% of Americans who don't currently have it. They are doing it on the backs of every tax payer who has employer paid insurance.

This should make all of us scream and shout at anyone in Washington who voted for the travesty called Obamacare. Before you vote in November make sure you know how your representatives voted.

MERRY CHRISTMAS FROM BARACK AND THE CZARS.

Max Baucus doesn't know how to Read

Hey, did you read about this? Max Baucus, a very high-up-the-food-chain Democrat, admitted at a town hall meeting a week ago that he didn't read the health care bill. He said "You don't want me to waste my time reading" the bill "We hire people to do that."

Well guess what, folks? Max Baucus WROTE the bill. So isn't it ironic that he admidts now that he never read it? Sure makes sense to me.

Similar to Pelosi stating "We have to pass the bill to know what's in it."

These people are all absolutely, without a doubt CRAZY!

I CANNOT WAIT UNTIL NOVEMBER

THROW THE BUMS OUT OF WASHINGTON

VOTE, VOTE, VOTE - IT'S YOUR DUTY!

Medicare Fraud and Obamacare

According to a report out of Washington, (Associated Press) Medicare had $835 million in questionable payments in 2007. In 2009 the fraud identified in Medicare was $36 billion. Quite a hike, don't you think? Is that Bush oversite versus Obama oversite?

Medicare now hires independent contractors to ferret out fraud, and pays them well over $100 million per year to find it. Yet the contractors find only about 5-7% of the ongoing fraud. Isn't this just like the government? Hire ineffective companies to find the fraud, and then don't bother making sure the companies you hire are doing a satisfactory job. Just keep on paying them and paying them for sloppy results. And this is the government that is going to run our health care system.

Obese Feds watching Obesity

The battle of the bulge is about to become public knowledge for Unlike Sam. BMI (body mass index), which is supposedly an obesity indicator, is now required to be part of our health records, in addition to height and weight. And ALL of our health records are required to be electronic by 2014. Our records will be available for access by the national health exchanges that are mandated by Obamacare. Health professionals who don't meet this reporting requirement will face reduced Medicare and Medicaid payments.

The BMI reporting requirement is part of the stimulus bill that was passed. It is not part of Obamacare. The problem, of course is that BMI is very arbitrary. What's obese for one persons height, weight and body structure may not be obese for someone else.

Big Brother is coming for us, folks. And once our health record are electronically in the hands of the government nothing will be private. Ever heard of identity theft? There's no way the feds can protect these records.