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Old 12-25-2012, 02:23 PM  
Minte
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Join Date: Jun 2001
Location: Madison
Posts: 7,081
How To Destroy The Middle Class

About half of Americans benefit from the tax-free status of employer health insurance. Workers pay no income or payroll taxes on what their employer contributes for health insurance, and in most cases on their own share of premiums as well.

It's the single biggest tax break the government allows, outstripping the mortgage interest deduction, the deduction for charitable giving and other better-known benefits. If the value of job-based health insurance were taxed like regular income, it would raise nearly $150 billion in 2013, according to congressional estimates. By comparison, wiping away the mortgage interest deduction would bring in only about $90 billion.

Once again the workers will get screwed hard. In the case of our employees..we contribute 70% which is about $900 per month per employee. Tax on that $900 will average an extra $250 in tax for every employee. If they do this and kill the mortgage deduction it is going to get very ugly for what's left of the middle class.

http://finance.yahoo.com/news/health...080000868.html
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