Next surprise! If you are retired and yo…

Next surprise! If you are retired and your former employer pays for your prescription drugs, the just signed bill makes the amount your employer is paying subject to a tax to help pay for Obamamcare. accounting rules require companies to take a charge against future earnings to reflect these taxes. The result of this could be that companies will try to dump the benefit.

About Art Stone

I'm the guy who used to run StreamingRadioGuide.com (and FindAnISP.com).
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One Response to Next surprise! If you are retired and yo…

  1. Art Stone says:

    AT&T announced a $1 billion charge for this today. It’s non-cash – it is recognizing a future obligation to pay the tax

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