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BuSh and your medical insurance...
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NOW he wants us to pay income tax on our employer-provided medical benefits. Smooth move, Dubya.
The proposal will include:
-- A standard deduction for health insurance
-- singles with health insurance will not pay income or payroll taxes on the first $7,500
-- Families with health insurance will not pay income or payroll taxes on the first $15,500
-- Health insurance should be considered taxable income, including those who currently have health insurance through their employment
The result, says Bush, will be that 80% of people with health cover will pay less tax.
So, before I retired, I had insurance that, when I converted to COBRA and had to pay it myself, cost me about $750/month. (And that was five years ago, so we know it's gone up.) That means that the folks I was working with would now be paying income tax on another $1500/year with no increase of any kind in any benefits.
http://www.medicalnewstoday.com/healthnews.php?newsid=61278