Will employees soon be taxed on the value of their employer-sponsored health coverage? The President's Advisory Panel, a bi-partisan group made up of academics, executives, former members of Congress and government officials, is considering doing just that as a way to finance a reduction in the alternative minimum tax. BenefitNews.com reports...
"It is hard to see how the advisory panel would make the American taxpayer better off by lowering their alternative minimum tax burden only to turn around and increase their tax burden for the health coverage they choose for themselves and their family," says American Benefits Council President James Klein.
To learn more and to share your thoughts about the proposed health benefits tax, visit the official website of the President's Advisory Panel on Federal Tax Reform. They have to submit their report to the Treasury Department by November 1st, so be sure to get your comments in soon.
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