Posted Apr 10, 2015 by Martin Armstrong
Obama’s Cadillac Tax was due to hit January 2016. As always, the politicians KNOW this will be devastating. So what do they do? They push it off into 2018. This crazy law is all about raising taxes so your benefits will become taxable income. They already tax corporate profits three times (1) corporate tax, (2) dividend tax, (3) personal income tax, so they would love to connive a way to double tax a vacation. So you get a paid vacation without work? Sounds like a benefit that should be taxed somehow for these people.