You Need To Know This For 2011

by Sherry Riter in Finance


I know this post is completely different than the previous, but I thought you all might like to know about this so you can start planning your budgets since this will be a hefty change for every family.

We will all be taxed $150-$250 PER MONTH beginning in 2011 for the NEW Community Living Assistance Services and Support Act (CLASS Act) that was added to the Reconciliation Bill on Friday night, Mar 19, 2010, before Congress voted on Sunday, Mar. 21, 2010. That’s a PER PERSON (working person) tax and not a per family charge.

Think this is a joke? Just continue reading.

It will help pay for long-term home-care for the elderly. The government is going to take our money and put it in their savings account for at least 10 years. Then if you are 65 or older and have been paying into it for five years, you might be eligible to receive benefits. That’s if you qualify for home health care.

Check out the Washington Times article link below or do a search on Class Act. Whether you research it or not makes no difference, it will be very apparent when you get your first pay check in 2011 and you are missing a chunk of income. Maybe you can skip buying groceries, getting gas for the car or go without electricity to make up the funds.

It was a surprise from our Washington DC legislators buried in the health care bill. You didn’t know it because the rules surrounding its “benefits” are hiding in all the rhetoric. Don’t you love surprises?! Almost like a perpetual birthday party every month and you get to contribute a very expensive cash gift….whether you want to or not.

The Washington Times

WBT Radio Charlotte
The Tara Servacius Show

The Redhead Riter

This post was written by...

Sherry Riter is also known as The Redhead Riter. Sherry is witty, intelligent and addictive as she writes about cooking, family, marriage, failures, blogging tips, art, humor, inspiration, travel, PTSD and aging. Her goal is to inspire, motivate, educate and to make her audience laugh. Sherry embraces being a redhead and helps others to see the redhead point of view…"In some eras redheads were worshipped while others thought us witches. Personally, I like the former and think every day is 'Love a redhead day!'" She can also be found on Facebook, Google+, Pinterest, StumbleUpon, Linkedin, tweeting as @TheRedheadRiter and you can subscribe to her free blog feed.

{ 5 comments… read them below or add one }

1 See Mom Smile April 22, 2010 at 11:35 pm

Taxes make me CrAzY! Can't even think about it. I am all for a FLAT tax. A tax as flat as the prarie.


2 Alaena April 23, 2010 at 12:27 am

lordie- As if I didn't have enough hands in our paycheck!


3 Marsha April 23, 2010 at 2:35 am

This is just plain depressing. Blah!!!


4 Holly April 23, 2010 at 6:37 pm

I keep reading that the CLASS Act is suppose to be voluntary and that the Washington Times miss-printed…so where can I read the actual Reconciliation Bill?


5 Maggie S April 24, 2010 at 12:25 pm

Wish this was surprising. I thought the consequences would be a little less direct.


Leave a Comment

"How rare and wonderful is that flash of a moment
when we realize we have discovered a friend."

~William E. Rothschild~

Thank you for taking the time to share your thoughts.
I respond back to all comments.


Previous post:

Next post: