Obamacare: Trump asks Supreme Court to invalidate Affordable Care Act

False.

The employer offers the group insurance as part of the compensation package. The tax reduction is an additional benefit. Because businesses started offering insurance to full time employees back in the 1920s, and Section 125 started in the late 1970s as a benefit to employees. Not all employers offer a Section 125 plan, yet still offer insurance to their employees.

Until you understand what an actual subsidy is versus a tax basis reduction, you and I cannot have a worthwhile conversation. Please, educate yourself.

 

I am educated in math and algebra. Why don't you educate yourself.
E.g
x - amount of money you pay for your insurance.
y - amount of money your employer pay for your insurance
z - amount of money government provide to the employer in form of less taxes.
You seems to have a hard time to explain why z is not a subsidy.

Employer-paid premiums for health insurance are exempt from federal income and payroll taxes. Additionally, the portion of premiums employees pay is typically excluded from taxable income. The exclusion of premiums lowers most workers’ tax bills and thus reduces their after-tax cost of coverage.
https://www.taxpolicycenter.org/briefing-book/how-does-tax-exclusion-employer-sponsored-health-insurance-work#:~:text=Employer-paid premiums for health,after-tax cost of coverage.

You might not like word subsidy but that is still amount of money that government does not get in to the budget.
If Medicare ban is lifted (i.e. it become available to all who wants it), subsidy (tax break) will be eliminated.
I guess so many people against availability of Medicare for all because they feel their government subsidized health insurance is better then Medicare.

I personally do not want subsidy, but I can't afford medical care because government made it very expensive.

 

well there is your problem...”z” the federal govt doesn’t provide my employer with money. my employer makes and earned that money (likely through my hard work) it’s my employers earned money.

 

Government does not subsidize you employer, it subsidizes you, by returning money to your employer from treasury.
Mathematically it does not make a difference whether government sends money to the employer after employer filed taxes or government allows employer not to send portion of taxes.
If government does not give back money to the employer, employer will not provide you health insurance and in that case you might not be able to buy food or other necessities. Government essentially give money to you, for your survival, not to the employer.

 

no the govt does not return money from the treasury because my employer provides healthcare.

 

If employer provides health insurance for you and pays full price that employer quickly become unprofitable and you going to lose your job.
As you see, government invisible hand (welfare) is all over the place, but you are clinging the concept of expensive welfare (waste of taxpayer money) instead of thinking rationally.
The question is why.

 

Tax exemptions and subsidies are two different things.

 

Yep, but end result is exactly the same.

 

This made me laugh...

 

I am very happy for you.
Probably you are the one who benefits from this type of welfare.

 

Welfare? Ha ha ha awesome Lol. Tax deduction.

 

You can pick a name you like, but it still the welfare.
Yes, sure, this is a stupid welfare, because you have to work for that welfare.

 

um not sure how much money you think insurance is or how much money you think my company makes i can “insure” no pun intended...we make well over the cost of insurance every month.

we don’t take any Govt money or welfare...i’ve said that repeatedly...but you don’t seem to be able to grasp it

 

how is it welfare when it’s money we earned via providing a good or service to clients and the clients paid? Govt has nothing to do with that

 

May be your company make it, but other companies barely survive without government assistance.
Anyway you slice it, the fact is that private health insurances and whole industry related to them is just a fake business (drain on taxpayer's money).

 

Because without government assistance business would not be profitable.

 

no a sub is when govt pays out money to someone to do or not do something they normally would. Not paying taxes on something is when the Govt doesn’t tax something but it’s money i had earned via my work

welfare is when Govt gives out money to people because they meet a poverty level and with no strings attached other then they maintain that level of poverty

 

well in a broad since that is true but that’s not welfare. Govt could tax at 100 percent...i guess it’s welfare to you they don’t.

 

Clearly hes just angling for socialized medicine.

Thread fail. You just proved you're not worthy of further interaction. What a joke.

 

Whatever makes you happy man.
When I observe stupidity I call it.
Since you have no arguments why such stupid, low quality super expensive system should exist you are either beneficiary of the system or totally incapable to understand the scam.

 

Government can do whatever, but it does not want to kill the business.
That is a reason government pays for worker's health care. It allows business to survive, because they know that without paying for health care business is not viable.
Yes, sure you can pick more comfortable name, for health care donation, but it does not change the notion that everyone gets an assistance from the government to pay for health care.
In essence health care is already socialized, it is just extremely expensive because of the outright theft and policy of non-competition.

 

I am educated in math and algebra also. I am a Financial Controller for a multi-million dollar company. Now that we've waived our CVs around, lets discuss exactly what the reduction in tax basis does.

A reduction in tax basis only saves a company the percentage of the income it would have been taxed at. Example: if the company has a tax basis reduction of $1,000, and it's applicable tax rate is 6%, what dollar amount has the company saved?

Please, do us all a favor, and go look up the word subsidy in the dictionary first, and comprehend what a reduction in tax basis is.

Next, go talk to medium sized employers who offer health insurance to their employees. Ask them what would happen if they didn't offer health insurance to their employees. Ask them what the wage impact is for health insurance.

After that, discuss with healthcare providers what the economic impact of a 'Medicare for All' would be on the average practitioner, and the involvement of Government regulated health services would be on their patient group.

Once you do all that, think about what credits you, as an individual, take on your personal tax return. Expemptions, deductions, credits. Do you consider those to be 'subsidies' also?

 

No he was still a hateful little man

 

It was blocked in congress

 

What was it?