3 ms·
I don’t understand how “make it tax-deductible” is an alternative to “nationalize healthcare so it’s not tied to employment.”
by jagged-chisel 10mo ago
I don’t understand how “make it tax-deductible” is an alternative to “nationalize healthcare so it’s not tied to employment.”
- WalterBright 10mo agoSorry, I don't know how to make it any clearer.
- jagged-chisel 10mo agoIt’s already tax deductible. Just saying “make it tax deductible” doesn’t explain what you mean.
- WalterBright 10mo agoIt's complicated. From google: * You must pay the premiums with after-tax money. * Your total qualified, unreimbursed medical and dental expenses (including premiums and costs like co-pays, deductibles, prescription medications, etc.) must exceed 7.5% of your Adjusted Gross Income (AGI). * You can only deduct the amount of expenses that exceeds this 7.5% threshold. * You must choose to itemize deductions instead of taking the standard deduction. Most taxpayers use the standard deduction as it is often larger than their total itemized deductions.
- jagged-chisel 10mo agoOh, you’re suggesting making health insurance premiums tax deductible for the individual. I agree that’s a step in the right direction.
- zeroonetwothree 10mo agoIt would make insurance less tied to employment without nationalizing it.