Thread: CCH Tax Guide Briefing New Taxes Relating to ObamaCare

CCH Tax Guide Briefing New Taxes Relating to ObamaCare

EMPLOYERS
House bill. The Health Care Act, as
passed by the House, requires employers
to satisfy certain minimum
coverage requirements. Generally, the
“employer mandate” requires employers
to contribute at least 72.5 percent of
premium costs for individuals and 65
percent of premium costs for families.
Employers that elect not to offer qualified
coverage to their employees would
be liable for an additional payroll tax of
up to eight percent of the employee’s
average annual salary. Small employers
(generally employers with annual
payrolls below $500,000) would be
exempt from the additional payroll
tax.

http://tax.cchgroup.com/Legislation/...ov-19-2009.pdf