On Fri, Oct 10, 2008 at 8:57 AM, Erika wrote: > > Let's say the BC/BS coverage costs $10,000 a year for nice round numbers. > The employer pays $8000 of it. > The employEE pays the remaining $2,000, before taxes. > > Over the course of a year, another $5,000 comes out of pocket to pay for > deductibles and copayments.
$5,000 a year for deductibles and co-payments? That is not a typical year in my book. As I said, I think $10K a year is a high number, but let's take that as the number. Increase your income by $10K for the purposes of taxation. To be easy, let's say you pay at a 30% rate, so you would owe $3000 in taxes on that benefit. McCain will give you a $5000 tax credit, meaning he just put $2000 in your pocket. Note- that is not a deduction, it is a tax credit. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:273408 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
