Bush proposing health insurance changes

[Diesel66]

Originally Posted by 6SpeedTA95

What benefits at work does the government tax? tuition (which is gay) and now health insurance?

stock options/stocks.
company car
few others

[6SpeedTA95]

Originally Posted by Diesel66

stock options/stocks.
company car
few others

taxing a company car is ridiculous...

taxing stocks however is not and capital gains are always taxed so if your company gives you stock (which can directly be changed to money) thats completely different than insurance. It's not like I can go to my insurance company each year and say "hey, I used only 310 dollars worth of services this year give me the other 12,000 dollars of my policy". Shit I can't even get my premiums back, taxing it is ridiculous and you know that stocks and insurance are completely different.

[Kytro]

Originally Posted by 6SpeedTA95

Umm...how so?

I think its ridiculous that I spend my money to save someone else, this directly impedes my ability to provide for myself and my family

I think it is fair that if you want the benefits that society brings that placing the life of it's members above luxuries for oneself is a reasonable trade. You are free to disagree but I hardly see how much money ones can make as valuation of worthiness to live.

Tax is not your money anyway - those are the rules of earning in society. The government gets a cut

[nbiggershaft]

[quote=6SpeedTA95;75761]Uhhh no, re read the article...

They will give a tax break to people buying their own insurance...I'm ok with that...but then anyone who already has insurance from their employer and the value of the policies exceed 15k/yr for a family they get taxed on the extra.

quote]

The taxed on extra is a misleading comment. Decreasing the tax writeoff for company insurance in order to increase the tax cut for private insurance isn't 'taxing extra' it's leveling the playing field.

I'm interested in the specifics of this because right now, all we have to go on is "But it also would be the first time that some employer-provided health care benefits could be taxed".

[nbiggershaft]

[quote=6SpeedTA95;75768]taxing a company car is ridiculous...

quote]

Taxing a company car is ridiculous?, love to hear this one. The silliest shit I ever heard of was how my college roomates parents each had free cars because they wrote them off for 'home business'.

[6SpeedTA95]

[quote=nbiggershaft;75805]

Originally Posted by 6SpeedTA95

Uhhh no, re read the article...

They will give a tax break to people buying their own insurance...I'm ok with that...but then anyone who already has insurance from their employer and the value of the policies exceed 15k/yr for a family they get taxed on the extra.

quote]

The taxed on extra is a misleading comment. Decreasing the tax writeoff for company insurance in order to increase the tax cut for private insurance isn't 'taxing extra' it's leveling the playing field.

I'm interested in the specifics of this because right now, all we have to go on is "But it also would be the first time that some employer-provided health care benefits could be taxed".

What are you talking about? It's not decreasing the tax writeoff for the company its directly increasing the tax on those who have policies worth more than the cut off.

[6SpeedTA95]

[quote=nbiggershaft;75807]

Originally Posted by 6SpeedTA95

taxing a company car is ridiculous...

quote]

Taxing a company car is ridiculous?, love to hear this one. The silliest shit I ever heard of was how my college roomates parents each had free cars because they wrote them off for 'home business'.

You dont get free cars when you write them off, whoever told you that was wrong.

Taxing a company vehicle is ridiculous because I can not turn it into income. Lots of folks that work for my company have a company truck because much of our work requires 4x4 and is extremely hard on vehicles. So field techs get company trucks. They can't sell it, they can't turn that into income, therefore its NOT income, why is that hard to understand?

[hsmith]

I just wish I could write off the cost of my gym membership :greddy:

[nbiggershaft]

[quote=6SpeedTA95;75840]

Originally Posted by nbiggershaft

You dont get free cars when you write them off, whoever told you that was wrong.

Taxing a company vehicle is ridiculous because I can not turn it into income. Lots of folks that work for my company have a company truck because much of our work requires 4x4 and is extremely hard on vehicles. So field techs get company trucks. They can't sell it, they can't turn that into income, therefore its NOT income, why is that hard to understand?

What's your definition of income? Fluid cash a year later? I drive to work my gas isn't income, I eat food so I can work, my burgers aren't income, I rent movies to keep my moral up, movie rentals aren't income, I drink coffee, not income, I use toilet paper, not income, .........

[nbiggershaft]

[quote=6SpeedTA95;75839]

Originally Posted by nbiggershaft

What are you talking about? It's not decreasing the tax writeoff for the company its directly increasing the tax on those who have policies worth more than the cut off.

But thats still a misleading statement. You say increasing tax , I say reducing tax cut in order to distribute tax cut to people more fairly. Companies shouldn't be the only ones who can do writeoffs, and if we have to cut those writeoffs some in order to give people in the private sector equal benefits I don't see what legitimate argument there could be against it (essentially it's just, I got a bigger piece of the government pie before, I want to keep it).

[6SpeedTA95]

[quote=nbiggershaft;75853]

Originally Posted by 6SpeedTA95

What's your definition of income? Fluid cash a year later? I drive to work my gas isn't income, I eat food so I can work, my burgers aren't income, I rent movies to keep my moral up, movie rentals aren't income, I drink coffee, not income, I use toilet paper, not income, .........

So you think you should be taxed on the coffee you drink at work or the toilet paper you use at work?

God I hope I'm misudnerstanding what you're saying.

[6SpeedTA95]

[quote=nbiggershaft;75854]

Originally Posted by 6SpeedTA95

But thats still a misleading statement. You say increasing tax , I say reducing tax cut in order to distribute tax cut to people more fairly. Companies shouldn't be the only ones who can do writeoffs, and if we have to cut those writeoffs some in order to give people in the private sector equal benefits I don't see what legitimate argument there could be against it (essentially it's just, I got a bigger piece of the government pie before, I want to keep it).

They're not cutting business writeoffs, they're increasing taxes on individuals not the company...I dunno how many other ways i can say this.

[nbiggershaft]

[quote=6SpeedTA95;75878]

Originally Posted by nbiggershaft

So you think you should be taxed on the coffee you drink at work or the toilet paper you use at work?

God I hope I'm misudnerstanding what you're saying.

No certainly not. I'm saying I shouldn't get to write off toilet paper at my house from my income taxes anymore than I should get to write off my car. The same should apply to the company giving me a car. Otherwise I may as well not recieve a paycheck, I should just have my company give me everything I need in life tax free.

[nbiggershaft]

[quote=6SpeedTA95;75879]

Originally Posted by nbiggershaft

They're not cutting business writeoffs, they're increasing taxes on individuals not the company...I dunno how many other ways i can say this.

It doesn't really specify who where the change will be placed, It doesn't say hardly anything on the increase, are you getting info from another source?
Regardless, it's a writeoff now only if it is going through the business, they are reducing that in order to make the same available to people with private insurance, why is this unfair?

[6SpeedTA95]

[quote=nbiggershaft;75884]

Originally Posted by 6SpeedTA95

Perhaps I am just not seeing this in the article, are you speaking about the proposal from some other source?

I've read a total of 5 articles on it...the article here doesn't talk about taking away business writeoffs it mentions specifically taxing individuals with benefits > 7500 or 15k.

[6SpeedTA95]

[quote=nbiggershaft;75882]

Originally Posted by 6SpeedTA95

No certainly not. I'm saying I shouldn't get to write off toilet paper at my house from my income taxes anymore than I should get to write off my car. The same should apply to the company giving me a car. Otherwise I may as well not recieve a paycheck, I should just have my company give me everything I need in life tax free.

I disagree because you can't turn a company car into income...however if the car is given to you then it should be counted as income.

[6SpeedTA95]

BTW there's a good article in the WSJ about this today on page 2.

[Scrum]

You guys suck at quotes.

[nbiggershaft]

I've just been hitting the quote button, something is broken