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To: tbw2

Insurance premiums are now taxable under ObamaCare?

wow


13 posted on 10/23/2013 1:05:29 PM PDT by GeronL
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To: GeronL
Insurance premiums are now taxable under ObamaCare? wow...

As I understand it here goes..

If you buy one of these policies you can't buy them with pre-tax dollars if that is what you mean. If you are a small businessman you could have bought an HSA and the amount would have been subtracted on line 29 of the 1040 as an adjustment to your income and lowering your AGI. Now that businessman still maybe able to buy a policy that sucks and wasn't like your HSA and deduct it, but all these young schlubs that comrade zero wants to buy one of his plans are buying them with AFTER tax dollars.

It is such a win-win for comrade zero, huge tax increase as many will no longer get this former tax free benefit or income adjusted benefit they purchased as a small businessman or women.

55 posted on 10/23/2013 6:03:52 PM PDT by taildragger (The E-GOP won't know what hit them, The Party of Reagan is almost here, hang tight folks....)
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