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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (742375)	9/27/2013 9:18:15 PM
From: Wayners	Respond to of 1587857

Insurance is like buying a put option. If the option expires worthless, it is treated as a loss against other gains. If my employer buys insurance for me, a put option in essence, and nothing happens to allow me to file a claim, that's the same thing as buying a put option that expires worthless. In tax terms, the worthless put option and by comparison the lost insurance premiums should be deducted from other gains. That's why perks where an employer pays for insurance shouldn't be treated as income. In addition if one does make a claim, it's paying to compensate for another loss such as a health problem, loss of property, etc, so there is no gain there either and no income to be taxed. If you really want to go all the way on this, Obama should be taxed on his perks where he has to treat as income his prorated Air Force One flight hours in direct proportion to the amount of time he says he doing work for the country vs. the amount of time on trip he spends for personal pursuits and fundraising activities.