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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Bread Upon The Water who wrote (236874)	11/5/2013 12:52:54 PM
From: bentway	Read Replies (1) \| Respond to of 542009

"a tax adjustment for the self-employed being forced into higher premium policies" Why do I think you're talking about yourself?

To: Bread Upon The Water who wrote (236874)	11/5/2013 2:07:00 PM
From: Ron	Read Replies (2) \| Respond to of 542009

If you are self-employed, you may be eligible to deduct premiums that you pay for medical, dental and qualifying long-term care insurance coverage for yourself, your spouse and your dependents. This health insurance write-off is entered on page 1 of Form 1040, which means you benefit whether or not you itemize your deductions. Unlike an itemized deduction, this deduction treatment is beneficial because it lowers your adjusted gross income (AGI). Having lower AGI can reduce the odds that you’ll be affected by unfavorable phase-out rules that can cut back or eliminate various tax breaks. Keep in mind that this deduction treatment also means you can’t deduct the premiums when you calculate your self-employment tax liability. turbotax.intuit.com

To: Bread Upon The Water who wrote (236874)	11/5/2013 2:32:24 PM
From: neolib	Read Replies (3) \| Respond to of 542009

And one way to start is for the President to make good on his promise through a tax adjustment for the self-employed being forced into higher premium policies. It won't work. The real problem with ACA is that all of its "successes" are based on giving people more than what they pay for. All the success stories reported in the media are just that, and none of them note that if this person got a much better deal than they had before, than someone must be paying for it. What is funny is the dismissing of the 5-6% who are getting reamed as only a small fraction of the population. Fine, but if they are the only ones with cost going up significantly, then its this small fraction that is footing the bill for all the others windfall. Which of course isn't true either. The 5-6% with their increased cost can't support all the others windfalls, so the cost will in fact shortly ratchet up for everyone again. Which will be another dose of reality checking for the ACA.