3 ms·
Fixable by making health insurance premiums tax-deductible. Also when I was paying for an individual family plan it was nowhere near $19,000/yr. It didn't cover
by ams6110 9y ago
Fixable by making health insurance premiums tax-deductible. Also when I was paying for an individual family plan it was nowhere near $19,000/yr. It didn't cover maternity, but that was OK because we were done having kids. But that was roughly 7 or 8 years ago.
- hkmurakami 9y agoThat still won't solve the discrepancy because only the top 20-30% of households itemize deductions.
- coredog64 9y agoAt $20K/year, I would expect a lot more households to itemize. I'm trying (and failing) to calculate off the top of my head what kind of mortgage you'd have to have for a similar deduction. But it's gotta be pretty damn big if your interest is $1600/month.
- CoreXtreme 9y agoWell, if you are required to prepare your own tax returns through an accountant then he will most certainly, itemize deduction, you'll be asking him to get your tax bill down a bit. Power of incentive is nothing to be questioned.