Why shouldn't employer-provided strength insurance be tax?
Those who buy their own insurance are taxed on the income they use to pay their premiums, aren't they? Why afterwards shouldn't health insurance be considered taxable income?
After all, waiter are expected to pay taxes on their tips, performance-based bonuses are taxable, even unemployment checks are subject to charge...I don't get it.
Answers:
Many don't appear to notice, They want to tax everything. But they never want to fix anything to spend smaller number.
Galt: "You want me to be Economic Dictator?"
Mr. Thompson: "Yes!"
"And you'll obey any order I hand over?"
"Implicitly!"
"Then start by abolishing all income taxes."
"Oh no!" scream Mr. Thompson, leaping to his feet. "We couldn't do that . . . How would we remuneration government employees?"
"Fire your governing body employees."
"Oh, no!"
You answered your question, when and where does it stop?
The money we net is already taxed, then when we buy something it's tax again, then if we keep a particular amount of money in the bank, that get taxed. And if we get a massive enough tax compensation, that is taxed-- even though that is money we already payed taxes on. Why should strength benefits be taxed? Why should we always foot the bill for everything when it's not what the society want?
On the other hand, why should a company offer form care benefits to begin near? We will be seeing a lot of businesses choosing not to go through the hassle of offering them, since it's another due to take away from their balance sheets.
You are right. If they don't give the same excise break to self employed people who buy health insurance, they shouldn't hand over it to those whose employer pays the health insurance. It is compensation.
Some people hold very short memories. During the '08 campaign, McCain said that taxing employer-provided robustness insurance. In his now typical "Do as I say, not as I do" style Obama be swift to criticize him. Now President Obama is suggesting the same thing McCain did. This is just an attempt to make employer-provided health insurance look smaller number appealing and rush the move to the big mistake of single payer insurance.
Just look at the disaster in Canada.
There really is no reason why it shouldn't be tax as income. But whenever this is mentioned, people are outraged at having to payment more taxes, so the idea is quietly dropped.
You could also generate the case that health insurance is a essential need, so it should remain tax free, purely as we don't charge sales tax on food or on medical effort itself.
As usual, the government would rake the money contained by and then waste it. Money to be exact better left in the hand of those who EARN it.
mine was offered to me as element of a benefits package, which is short for "i won't pay you as much $ for your work, but i go and get a great deal on healthcare insurance since we are a healthcare organization and adjectives the doctors here will see you on the cheap". it shouldn't be taxed unless they are willing to truly pay me the money.
Related Questions:
After all, waiter are expected to pay taxes on their tips, performance-based bonuses are taxable, even unemployment checks are subject to charge...I don't get it.
Answers:
Many don't appear to notice, They want to tax everything. But they never want to fix anything to spend smaller number.
Galt: "You want me to be Economic Dictator?"
Mr. Thompson: "Yes!"
"And you'll obey any order I hand over?"
"Implicitly!"
"Then start by abolishing all income taxes."
"Oh no!" scream Mr. Thompson, leaping to his feet. "We couldn't do that . . . How would we remuneration government employees?"
"Fire your governing body employees."
"Oh, no!"
You answered your question, when and where does it stop?
The money we net is already taxed, then when we buy something it's tax again, then if we keep a particular amount of money in the bank, that get taxed. And if we get a massive enough tax compensation, that is taxed-- even though that is money we already payed taxes on. Why should strength benefits be taxed? Why should we always foot the bill for everything when it's not what the society want?
On the other hand, why should a company offer form care benefits to begin near? We will be seeing a lot of businesses choosing not to go through the hassle of offering them, since it's another due to take away from their balance sheets.
You are right. If they don't give the same excise break to self employed people who buy health insurance, they shouldn't hand over it to those whose employer pays the health insurance. It is compensation.
Some people hold very short memories. During the '08 campaign, McCain said that taxing employer-provided robustness insurance. In his now typical "Do as I say, not as I do" style Obama be swift to criticize him. Now President Obama is suggesting the same thing McCain did. This is just an attempt to make employer-provided health insurance look smaller number appealing and rush the move to the big mistake of single payer insurance.
Just look at the disaster in Canada.
There really is no reason why it shouldn't be tax as income. But whenever this is mentioned, people are outraged at having to payment more taxes, so the idea is quietly dropped.
You could also generate the case that health insurance is a essential need, so it should remain tax free, purely as we don't charge sales tax on food or on medical effort itself.
As usual, the government would rake the money contained by and then waste it. Money to be exact better left in the hand of those who EARN it.
mine was offered to me as element of a benefits package, which is short for "i won't pay you as much $ for your work, but i go and get a great deal on healthcare insurance since we are a healthcare organization and adjectives the doctors here will see you on the cheap". it shouldn't be taxed unless they are willing to truly pay me the money.
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