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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (193834)	1/23/2007 1:35:21 PM
From: MulhollandDrive	Read Replies (2) \| Respond to of 794286

re: taxing healthcare that was bush 43's 'read my lips, no new taxes' moment, only to concede to the dems i now declare republicans are officially cooked with this total capitulation and abandonment of their base

To: Bill who wrote (193834)	1/23/2007 1:38:47 PM
From: DMaA	Read Replies (1) \| Respond to of 794286

Rush is all for this. Claiming it's a way to bring market forces back into health care.

To: Bill who wrote (193834)	1/23/2007 2:38:23 PM
From: MJ	Read Replies (2) \| Respond to of 794286

Wish I had a list of all of the taxes we pay in Virginia-----it runs to about 40 different taxes perhaps more. A friend sent me a list of those. This is the system that I dealt with for a number of years----------- as a mid-level systems analyst my husband had options on how to pay for insurance for himself and the family. He could either have the premiums for insurance included in his taxable income or he could have the premiums excluded and taken as a benefit. This was his/our choice. There ensued looking at anticipated income, itemized deductions and deciding what would be best for the family. If premiums were included in taxable income, taxes were paid immediately and the premiums taken at end of the tax year as a medical deductions. If the amount for the premiums was not included in taxable income----but taken before taxation as a benefit, the medical deduction part under Itemized Deductions was not possible. (In other words the insurance was a straight non-taxed benefit to the employee.) The analysis of how to handle medical insurance premiums usually depended upon whether or not a large number of medical expenses were expected during the year thereby creating a medical deduction under Itemized Deductions. Appears at this time that Bush's plan may be a variation on this---------------just is not clear. mj