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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Skeeter Bug who wrote (98945)6/25/2009 4:24:36 PM
From: benwood1 Recommendation  Read Replies (4) of 116555
 
Speaking of lying, Obama has apparently put taxation of medical benefits back on the table. I remember him swearing in the debates that would not happen. For many familes like mine who have insurance, that would add about $250 per month in taxes. Add the typical $200 per month that we pay, and we're starting to talk serious money for a family *with* insurance.

Ironically, if a dual income household has different insurance via both workers, the tax load could be $500 per month even though the additional benefits would be scant at best.

I'm assuming this would be income tax only; if the benefit gets piled onto SS and Medicare, too, then perhaps that would be $700 per month in additional taxes for those families. Frankly, they'd probably feel better foregoing the benefits and the heavy tax burden and buying their own policy.
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