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You say this like it's some special provision in the tax code, but it's not. Companies pay taxes on profits, not revenue. And insurance contributions (like many
by harryh 8y ago
You say this like it's some special provision in the tax code, but it's not. Companies pay taxes on profits, not revenue. And insurance contributions (like many many other things) are an expense that reduces profits.
- richmarr 8y agoYep... thanks, wrote that too quickly, I'll update
- harryh 8y agoAh, I was wondering if you meant to mention that health care benefits are (in most cases) not taxable and I see with your edit that you did. I agree with you on that point. It's a big problem. Interestingly, McCain proposed fixing this during the 2008 election and was slammed for it by Obama.