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Originally Posted by JohnnyD
Where is this from? As it appears to be an interpretation and not the actual bill.
Because my company will potentially fall within the $250k-400k bracket, I have consulted with a few people that deal directly with health care. Combine those consultations with my own research, and my understanding is that companies that don't offer *any* health care and have a total Wage obligation > $250k will have to pay the additional tax.
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Johnny, what is listed after the section and page is what I call a "bumper sticker" version of what the bill states. I wanted to spare everyone all the legalise so I didn't c&p the entire section. Yes, it's my wording, but if you read it all it's what the bill states.
The bill is pretty clear that companies who self insure with private insurance are going to be hit with the payroll tax if they choose not to offer Uncle Sam's HC plan. It's utterly ridiculous that the government can strong-arm a small company by taxing them like that.
I know no one really has the time to read the entire plan, but there is some scary stuff in it. I hope that if the govenment HC plan is ever passed that it is nothing like the current proposal.