Cadillac Taxes for Everyone

Employers have played a key role in financing their employees’ healthcare since World War II, when they threw in tax-free benefits to attract talent in a time of wage controls. So it’s no surprise that when Congress passed the Affordable Care Act, they gave employers all sorts of carrots and sticks to boost coverage. But Congress wanted to control overall costs, too, and didn’t want employers being too generous. So they imposed a new tax on so-called “Cadillac” plans. Technically, it takes the form of a 40% penalty on annual premiums exceeding $10,200 for an individual or $27,500 for a
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Bug Bonus

It seems like every day brings word of a new internet hack or data breach. Target got hacked by Russian teenagers and millions of credit cards had to be replaced. Sony got hacked by the North Koreans and a loungeful of smug Hollywood executives got embarrassed. The Office of Personnel Management got hacked by the Chinese and thousands of spies got their covers blown. It’s almost enough to make you long for the return of old-fashioned computer punch cards. United Airlines depends on internet technology as much any big business — the days of friendly travel agents patiently walking you
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Ready or Not, Here We Come!

Campaign 2016 is here! Last Thursday, 10 Republican presidential candidates squared off against each other in Cleveland’s Quicken Loans Arena, tackling such crucial topics as hugs, pimps, and Rosie O’Donnell. That same day, the Democratic National Committee announced their schedule of six debates to begin on October 13 in early-primary state Nevada. Sooner rather than later, we’ll all be drowning in the vicious sort of campaign commercials that make some of us envy the North Koreans. That also means now’s the season when candidates are releasing tax returns and financial disclosures. Mitt Romney took heat when he ‘fessed up to
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2015: A Tax Odyssey

On July 23, NASA announced the discovery of Kepler-452b, the first potentially Earth-like planet within the “habitable zone” of a star like our Sun. Kepler-452b is 1,400 light-years away, meaning the New Horizons space probe that just passed Pluto should get there in another 26 million years. (Mom, are we there yet?) It’s 60% bigger than Earth, with a “better than even chance” of having a rocky composition, and takes 385 of our days to orbit its sun. Reporters instantly dubbed the planet “Earth 2.0,” and scientists from the Search for Extraterrestrial Intelligence Institute have already begun targeting it for
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Cadillac Taxes for Everyone

Employers have played a key role in financing their employees’ healthcare since World War II, when they threw in tax-free benefits to attract talent in a time of wage controls. So it’s no surprise that when Congress passed the Affordable Care Act, they gave employers all sorts of carrots and sticks to boost coverage. But Congress wanted to control overall costs, too, and didn’t want employers being too generous. So they imposed a new tax on so-called “Cadillac” plans. Technically, it takes the form of a 40% penalty on annual premiums exceeding $10,200 for an individual or $27,500 for a
Read More

Bug Bonus

It seems like every day brings word of a new internet hack or data breach. Target got hacked by Russian teenagers and millions of credit cards had to be replaced. Sony got hacked by the North Koreans and a loungeful of smug Hollywood executives got embarrassed. The Office of Personnel Management got hacked by the Chinese and thousands of spies got their covers blown. It’s almost enough to make you long for the return of old-fashioned computer punch cards. United Airlines depends on internet technology as much any big business — the days of friendly travel agents patiently walking you
Read More

Ready or Not, Here We Come!

Campaign 2016 is here! Last Thursday, 10 Republican presidential candidates squared off against each other in Cleveland’s Quicken Loans Arena, tackling such crucial topics as hugs, pimps, and Rosie O’Donnell. That same day, the Democratic National Committee announced their schedule of six debates to begin on October 13 in early-primary state Nevada. Sooner rather than later, we’ll all be drowning in the vicious sort of campaign commercials that make some of us envy the North Koreans. That also means now’s the season when candidates are releasing tax returns and financial disclosures. Mitt Romney took heat when he ‘fessed up to
Read More

2015: A Tax Odyssey

On July 23, NASA announced the discovery of Kepler-452b, the first potentially Earth-like planet within the “habitable zone” of a star like our Sun. Kepler-452b is 1,400 light-years away, meaning the New Horizons space probe that just passed Pluto should get there in another 26 million years. (Mom, are we there yet?) It’s 60% bigger than Earth, with a “better than even chance” of having a rocky composition, and takes 385 of our days to orbit its sun. Reporters instantly dubbed the planet “Earth 2.0,” and scientists from the Search for Extraterrestrial Intelligence Institute have already begun targeting it for
Read More

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Categories