So, it is now done. The United States House and Senate have finally passed a Universal Healthcare Bill (or Obamacare as some refer to it). So what is next? As a small business owner, like most bail bond agents are, the passing of this bill will have significant impact to you, your family and your business. Here are some things we think you need to know:
- You and your employees will be required to buy health insurance or pay penalties up to $2,250 per family, per year.
- If you do have insurance and your policy costs $10,200 per year you will pay a 40% excise tax
- If you and your wife have worked long enough and hard enough that your total combined annual income is $250,000, your Medicare payroll taxes will basically double.
I look forward to your thoughts.
Jerryism # 237
"Some folks would rather climb a tree to tell a lie then stand on the ground and tell the truth."
Sign up to receive updates of Jerry's blog or click here to sign up for issues of AIA's leading bail bond industry newsletter, AIA Insight.