I attended a luncheon this afternoon regarding the effects of the Health-care Reform bill will have on individuals and businesses presented by Steve Fosse, attorney. It was an eye opening discussion even for someone who has a pretty good handle on what was jammed down our throats.
Congress is not raising income taxes on the middle class, like the President stated on the campaign trail, instead they are raising Medicare taxes 3.8%, adding a .9% tax on health care premiums, taxing medical devices and prosthetics 2.3% of the sales price, 10% on indoor tanning fees unless administered by a licensed medical provider, and best of all Washington is imposing an $8 Billion tax on the health insurance industry with each insurance company determining their portion based on their market share!
ALL business owners, ATTENTION: you are now required to 1099 ANY and ALL paymants over $600 annually paid from your company-utility companies, employee benefit providers, landlords, etc. Hope and Change for ya.
Contact us for a free copy of the 16 page document handed out in order to help explain the 2,500 page bill.
866.450.6297
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