Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Canticle_of_Deborah; All

One of the little known provisions in her plan would be that anyone who makes over $250,000 per year would have the portion of health care premiums paid by their employer included in their taxable income.

For example, if you work for a large company in management and make $300k, you might pay $500/month for your families coverage. Your employer kicks in $1,000/month to subsidize and keep your costs down in order to keep a valued employee.

Under Hillary’s plan, that $12,000 per year would now be included in your taxable income. Since that person is in the top 35% tax bracket, it would cost them an extra (calculator not handy, but you do the math) $4,000+ in federal income taxes.


35 posted on 09/18/2007 8:54:52 PM PDT by Eric Blair 2084 (Alcohol, Tobacco and Firearms shouldn't be a federal agency...it should be a convenience store.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Eric Blair 2084

Every penny of everyone’s health benefits should be fully taxed as income. (Cut rates to make it neutral, or course.)

The massive subsidy is what has caused health care inflation in the first place.


59 posted on 09/19/2007 7:14:28 AM PDT by Atlas Sneezed ("We do have tough gun laws in Massachusetts; I support them, I won't chip away at them" -Mitt Romney)
[ Post Reply | Private Reply | To 35 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson