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To: tobyhill

Isn’t the tax credit $250 per covered employee, but the average cost of coverage is like $1,100? Some incentive.


8 posted on 04/01/2010 5:04:23 AM PDT by Buckeye Battle Cry (Enjoy nature - eat meat, wear fur and drive your car!)
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To: Buckeye Battle Cry

If it’s so great, why is he continuing to have to sell it?

I’ve been in sales for 20+ years. People don’t want to be sold, they buy what they feel is a good deal. If the administration feels they have to “sell” it, that’s all you need to know.


10 posted on 04/01/2010 5:07:18 AM PDT by Free America52 (The White guys are getting pissed off. We beat Hitler Hirohito and Krushchev. Obama will be easy.)
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To: Buckeye Battle Cry
Exactly and that's why small businesses will drop coverage and pay the fines before offering coverage.
The average cost for my employees for healthcare only is $132 a month, $1584 a year.
13 posted on 04/01/2010 5:13:03 AM PDT by tobyhill
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To: Buckeye Battle Cry

Is it a tax credit or a tax deduction? If it’s a tax credit, then it offsets more than $250 of income. How much more depends on the effective rate the business is paying in taxes.

Even so, the average cost of coverage is much more than the $1,100 you suggest. It’s more like $6,000, I think. And that makes your overall point valid. A $250 credit at a 15% tax rate offsets less than $2,000.


30 posted on 04/01/2010 6:42:36 AM PDT by savedbygrace (You are only leading if people follow. Otherwise, you just wandered off.)
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