Comments on: Health care – here we go again http://norunnyeggs.com/2007/01/health-care-here-we-go-again/ The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think. Sat, 11 Feb 2012 02:40:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: dad29 http://norunnyeggs.com/2007/01/health-care-here-we-go-again/comment-page-1/#comment-30090 dad29 Wed, 24 Jan 2007 15:51:43 +0000 http://norunnyeggs.com/?p=796#comment-30090 Section 125 has been around for at least 10 years, maybe 20. Another problem: the State of Wisconsin is not likely to adjust its definitions to accord with the Feds' change (if there is one.) Thus, Wisconsin taxpayers will be paying Wisconsin income tax on an additional $7500/15000 in reported income. That's about $500 to $1000/year in Wisconsin tax, reduced by the Fed offset to only about $350 to $750/year. Section 125 has been around for at least 10 years, maybe 20.

Another problem: the State of Wisconsin is not likely to adjust its definitions to accord with the Feds’ change (if there is one.) Thus, Wisconsin taxpayers will be paying Wisconsin income tax on an additional $7500/15000 in reported income.

That’s about $500 to $1000/year in Wisconsin tax, reduced by the Fed offset to only about $350 to $750/year.

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