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To: Wyätt Gwyön who wrote (136274)5/29/2001 4:49:03 PM
From: GVTucker  Respond to of 186894
 
Health care tax policy doesn't force you to work for a corporation, as both you and I could cite.

What it does do is create a lopsided playing field for people that already work at a corporation. The insurance cost for those people would be much higher if they opted to go with a policy away from work.

Right now I am insured through my wife's employer. While she was still a student, I had my own health insurance. The cost isn't close.



To: Wyätt Gwyön who wrote (136274)5/29/2001 5:27:49 PM
From: ptanner  Respond to of 186894
 
OT // Re: deduction of health insurance premiums for self-employed

I looked up the values, but the source I found was not definitive (ie. the IRS): 45% in 1998, 60% in 1999, 70% in 2002, and 100% in 2003. This was a factor in my selection of a low premium / high deductible plan in 1998 when I became self-employed.

As others have pointed out, the quality and cost of the plans available to individuals is a much bigger issue than the deductibility.

And yes, it is nicer to work without the "employer filter" but I am still aggravated that individuals don't have the same benefits WRT tax treatment of health insurance premiums. All individuals, not just those that are self-employed.

-PT



To: Wyätt Gwyön who wrote (136274)5/29/2001 8:28:14 PM
From: John Koligman  Respond to of 186894
 
*OT* I thought I'd have a nice deduction for those fat self paid monthly health insurance premiums, but.... Turns out you can deduct them if you are self employed, however, you must have earned income. As a trader I report income on Schedule D and thus have no earned income, strange as that sounds. Hence, no health insurance deduction! Of course, if you read enough of Ted Tesser's stuff he there are mechanisms, such as incorporation, to get around that little problem...

Regards,
John