Quote:
Originally Posted by buggyone
Once again, RichieLion and some others do not "get it".
There is NO TAX involved for you who have health insurance now. The tax is for the people who choose (option is theirs) not to get health insurance.
How many companies give full health insurance to their employees? Not too many, I am sure.
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1. Keep in mind that any business who wants to offer any insurance,that insurance MUST meet GOVERNMENT STANDARDS or they get taxed
2. If you are a good employer and offer your employees what is considered a great plan based on what they pay for it, they will need to pay another tax...a 40 % excise tax. This is a lot of large corporations and most will reduce the coverage to get below the number that the GOVERNMENT mandates and from memory it is about 27000 per year per emplyee which is not a lot. These plans were and are used to attract employees.
3. Starting next year if you make in excess of 200000 per year,you will pay more medicaire tax.
4. Also, starting next year, if you deduct medical costs from tax, it used to be all about 7.5%...that is now 10%
These are just off the top of my head, but keep in mind the CBO justified much of the cost of this based on savings to be had by the Government which heretofore has not a good track record on saving money.
More taxes to come but these are the starters I think