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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (2933)	8/6/1999 2:34:00 PM
From: Les H	Respond to of 769669

H.R. 2488 also will help small businesses by increasing the deduction for health insurance premiums paid by self-employed individuals and by repealing the estate tax. biz.yahoo.com

To: Bill who wrote (2933)	8/6/1999 2:34:00 PM
From: Lizzie Tudor	Respond to of 769669

They are right now but its so confusing its hardly worth it. For a while you could deduct 25% of premiums off the top. I believe this was only premiums... was that right Les? Now thats pretty lame because premiums are all a function of deductible so "medical premium" is an arbitrary amount in a way. The rest goes on schedule A but then there is the 10% limitation. Mathematically speaking, I'm sure a case exists with all these variables where some people are actually worse off taking this deduction.