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To: blondee123

He taxes health benefits, but give a $5000 tax credit to offset the tax increase. So unless you are in the top tax bracket, you probably will gain more than you lose. If your employer pays 15K for your health plan, and you are in the 28% bracket, then your tax liability would be $4200 with a tax credit of 5K, so you get an extra $800 cash.


54 posted on 10/14/2008 7:19:59 AM PDT by Mr Rogers (Government that is powerful enough to protect you is only one election away from attacking you.)
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To: Mr Rogers

Thank you. I’ve been looking for an explanation of that.


67 posted on 10/14/2008 7:26:49 AM PDT by HonestConservative (Go Baroke with Barack)
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