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To: neverdem
while families would be able to deduct $20,000.

I don't/can't work and have no taxes to pay. So of what use is the tax deduction? This seems targeted to the upper 20% of income brackets? That's going to go over well. /sarc

5 posted on 09/18/2013 10:49:13 PM PDT by steve86 (Some things aren't really true but you wouldn't be half surprised if they were.)
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To: steve86
I don't/can't work and have no taxes to pay. So of what use is the tax deduction? This seems targeted to the upper 20% of income brackets? That's going to go over well. /sarc

It's a legit issue. Two families pay $1000 for insurance, but one family doesn't make enough to qualify for the tax deduction. So it ends up paying that $1000, whereas a wealthier family ends up paying $600+ or whatever rate they end up with after all their deductions. If the plan doesn't include a refundable credit, it's not merely regressive - it's actually unfair.

12 posted on 09/18/2013 11:13:27 PM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: steve86

The current law is even more restrictive as to who gets the deduction. I think any GOP bill should phase out all health plan deductibility.


20 posted on 09/19/2013 12:13:23 AM PDT by 9YearLurker
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To: steve86

We pay over $2k a month in health insurance premiums. The deduction would be radical good to us.


24 posted on 09/19/2013 12:53:47 AM PDT by Yaelle
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To: steve86
I don't/can't work and have no taxes to pay. So of what use is the tax deduction?

The point here is that employer provided insurance is tax free income. If you pay for your own healthcare, it isn't automatically tax deductible.

27 posted on 09/19/2013 1:15:17 AM PDT by j. earl carter
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To: steve86

Half the country doesn’t work or pay taxes.


41 posted on 09/19/2013 5:28:35 AM PDT by caver (Obama: Home of the Whopper)
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