There is an interesting tax
article in today’s The New York Times. It discusses the new reporting of
employer-provided health insurance on your 2012 W-2. It shows up in Box 12 of
the W-2 with code “DD,” and the amount includes both the portion you paid and
the portion your employer paid. The article discusses the surprise for some
people upon realizing the cost of this benefit.
Being The New York Times,
the article had to include some mind-numbing pro-statist comment, and here it
is:
The tax-free treatment of employer-provided health
benefits is the largest tax break in the tax code, costing the government
roughly $180 billion a year in lost revenue, or 80 percent more than the home mortgage interest deduction,
according to the administration.”
COMMENT:
Where I live, the government costs us. We do not cost the government anything.
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