While, business gets a tax break for providing insurance to it employees now, it would loose that tax advantage and, to use FairTax terminology, would be punished by the FairTax for providing that benefit.Do you think the business will "embedded" this into their prices?
...anything that isn’t profit... is cost.
FTN’s don’t understand that.
“embed” (it’s early)
Why in the world wouldn't they? I'm thinking that if providing the benefit comes with a tax break now but would incur a tax burden under the FairTax, some companies might even drop the benefit.
I'm also thinking that adding the 30% FairTax to the cost of insurance would increase the cost of insurance, particularily when insurance is responsible for the 30% tax on medical services provided to its customers. No, that can't be, its too obvious.