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To: rusty schucklefurd

The title is misleading. What the IRS can ban is employers giving employees money a voucher of sorts to go buy their own health insurance.

Employers can still give the voucher to the employer, but the employer will have to pay the payroll tax portion of it and the employee will have to pay taxes as if this were ordinary income.

Right now, employers can write off the cost of health insurance, but the employee does not count it as income.

You learn that when you read the article, but the title conveys something different.


33 posted on 05/26/2014 2:21:47 PM PDT by randita
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To: randita
Employers can still give the voucher to the employer, but the employer will have to pay the payroll tax portion of it and the employee will have to pay taxes as if this were ordinary income.

Right now, employers can write off the cost of health insurance, but the employee does not count it as income.

As someone who buys their own policy from after-tax income, this is something that always irked me.

A UAW worker, for instance, gets sometimes $10-15,000 worth of benefit, tax free.

I have to make $15K just to pay my $10K worth of premiums

44 posted on 05/26/2014 2:45:15 PM PDT by digger48
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