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!)
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.)
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
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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