Thursday, January 31, 2013

Free money?

It's that time of year again: various tax services touting "maximum refund," sundry retailers with "suggestions" on how to spend those rebates, and the annual Flight of the W-2's as employers inform us how much we got paid last year.

Oh, and something new this year: Box 12.

"What the heck's a Box 12" you ask?

Thanks to The ObamaTax, it's how your employer informs you how much you paid for your health insurance last year.

"Now wait a gosh-darned minute there, Henry. I know how much I paid - I saw it coming out each week."

Um, no: that's how much you paid in addition to Box 12.

What, you thought your employer paid for any of your health insurance? Not paying attention, I see.

Bet you thought he paid those unemployment premiums and Social Security taxes, too. Now you know.

[Hat Tip: FoIB Holly R]
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