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The tax deduction isn't eliminated, nor is the subsidy. Corporations can no longer deduct the tax-free subsidy they receive from the government, as their OWN expense. However, they still get the tax free subsidy as 28% of the cost, and still get to deduct the amount they actually spend on the benefits.
Now do the one about the tax on "Indoor Tanning Services."
Have you all forgotten that so-called cadillac plans will be taxed?
Do you even know what that plan is??
Cadillac costs in most instances the patient doesn't pay this cost personally. No co-pays, no-deductions, no out of pocket expenses.
But FYI
In 2007, President Bush proposed taxing health care benefits, and again during the 2008 election, when John McCain made the proposal a cornerstone of his health care plan.
Cadillac costs in most instances the patient doesn't pay this cost personally. No co-pays, no-deductions, no out of pocket expenses.
I have no idea why you would think that. Many small businesses pay much more for insurance coverage than do large companies. As such, their very modest plans could easily surpass the 'cadillac plan' limit.
Quote:
But FYI
In 2007, President Bush proposed taxing health care benefits, and again during the 2008 election, when John McCain made the proposal a cornerstone of his health care plan.
Taxing them all? That's fair. Taxing only some, specifically giving union workers an exemption?
Quote:
"Earlier this year, Democratic leaders agreed to exempt union workers from the 40 percent excise tax on “Cadillac” health plans in order to get their support for the health-reform bill."
But, what else can we expect from Obama and this admin? See my post on how Obama's helping the banksters circumvent law to rake in more money, here: //www.city-data.com/forum/polit...ow-why-jp.html
Many small businesses pay much more for insurance coverage than do large companies.
But the difference is small businesses pass part of the cost to the employees. Large companies usually don't with the VPs and up. Its part of their compensation package. Look up golden parachutes.
If they say you'll be taxed on the value of your health care benefits, they're lying, yes. The Annenberg Foundation is not the only source of that information.
Surely you could provide links to some of those others so I could find out what you are talking about.
Would this not be one of the reasons those who don't fall into this category will have to pay all these taxes for those who do?
Well for the most part the vast majority won't be paying these taxes. Not to mention we are already paying for those who have insurance, we are simply paying for it in different ways.
Surely you could provide links to some of those others so I could find out what you are talking about.
You can also find this on the 2nd page in the thread, and its been in other threads you chose to ignore, but here it goes again
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3. A requirement that businesses include the value of the health care benefits they provide to employees on W-2s. Although this was originally required beginning with W-2s for 2011 – those issued early in 2012 – in October, a one-year delay was announced. Employers may voluntarily report the value of health benefits they provide on 2011 W-2s, but this will not be mandatory until the 2012 forms. The amount reported is not considered taxable income.
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