No. of Recommendations: 0
I'm for open discussion on ANY idea in this arena. It affects all of us - Blue Red Green.
"Deduction".
Does that mean a regular tax deduction - like the mortgage interest deduction, etc?
If so I guess i don't see the merit. If a family makes -- $150k a year. They are taking the standard deduction of whatever -- is it 32k now?
So if an ACA plan is $1500 a month for silver AFTER subsidy....
$18,000 spent.
$6,000 for deductibles and copays.
$3,000 for drugs.
27,000
*Using reallly really round numbers for argument sake)
What is their EFFECTIVE tax rate in that bracket? - a whopping 20%?
Ok so they save $5400.
Now they only spend $22,000 a year for health care.
They are fricked.
