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I’ve never understood why the cost of health insurance isn’t fully deductible.
by brightball 5y ago
I’ve never understood why the cost of health insurance isn’t fully deductible.
- onlyrealcuzzo 5y agoFor the same reason food isn't?
- bojangleslover 5y agoMake an LLC
- dahfizz 5y agoBecause the government wants your money.
- leetcrew 5y agobecause you're not a business. businesses have different rules because a) they are not people (unless we're talking campaign finances), and b) all the money that flows into a business eventually flows out to people in a way that is eventually taxable. a health insurance deduction would likely be regressive anyway. the primary beneficiaries would be the same (upper) middle class people that max out their 401k every year. imo we should get rid of pretty much every deduction (except maybe for dependants) and slightly raise all the brackets.