Changes for 2017 tax year

The Cadillac tax “will adversely affect workers and employers in all fully insured health plans,” Roofers President Kinsey Robinson predicted . Sep 20- The Cadillac tax rate is set at about the average marginal payroll and income tax on employees. True, the tax is percent and marginal tax rates . Permanent repeal of the Cadillac tax on “high-cost” employer-sponsored health coverage will happen within days as part of a year-end . Keywords: Cadillac tax , Obamacare, ESI, employer-sponsored health insurance, uninsure American health care. Yevgeniy Feyman and Charles Blahous. Established in the Affordable Care Act (ACA), the Cadillac tax is a percent excise tax on the value of certain employer-sponsored health . SECURE Act and a permanent repeal of the “ Cadillac tax.

What is the Cadillac Tax ? Imposed on higher-cost insurance plans that offer more comprehensive coverage. Beginning in 201 plans valued over $1200/ yr . It includes almost provisions intended to, among other things, encourage employers to offer retirement plans , promote additional retirement . In 202 the Cadillac Tax will go into effect for high-cost health plans. Plans over the IRS threshold will be subject to a tax on the amount over the threshold.