Wednesday, February 22, 2017

Trumpstercare might restore the Cadillac tax

Business Insider: Health insurance provided by your employer is free from income and payroll tax, regardless of how expensive the insurance is.But House Republicans are considering changing that as part of a plan to pay for changes to the Affordable Care Act, according to a recent report from Bloomberg. Your health insurance would be excluded from tax only up to a cap. Above that, you would be taxed.
This is not a health insurance issue, actually. The issue is and was that employee insurance  is compensation and should not be excluded from the income tax. 

Inconsistency, set the tax rate but exclude your favorites because your favorites are more favorably than mine. As long as pundits make these  corrupt grabs the Senate continues its path to bankruptcy.

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