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> What it costs you > The tax cost paid by the employee = $200 (additional tax) > Google paid the insurer $450; without the policy, that cash could be directl
by yongjik 4y ago
> What it costs you
> The tax cost paid by the employee = $200 (additional tax)
> Google paid the insurer $450; without the policy, that cash could be directly paid to the employee = $350 (post-tax)
> Total cost for the insurance: $550
Wait, isn't it like saying "The lunch is free, but if the employer didn't provide lunch they could give me $20 dollars per day instead!"?
- Invictus0 4y agoIt's worse than that, it's like saying the sandwich cost $20 but actually it only cost them $5 to make the sandwich and you can buy a sandwich down the road for $15.
- beojan 4y agoAlso, how is it that you'd pay $200 in tax on a $450 taxable benefit but only $100 if you were just paid the $450?