The Health Insurance Tax Break

Speaking strictly in economic terms, many economists would wholly remove the insurance tax break. As it works now, some employers provide health insurance to their employees as part of their compensation. However, this form of compensation is not included in recognized income, which is later taxed at its respective rate, meaning that the effective income tax rate of total compensation that we now enjoy (or suffer) is lower than the given income tax rate of total compensation that is seen in the news and government reports.

While the health insurance tax break is a tax deduction to which my family and I subscribe, with the intention of ending regressive tax policies I believe it should be eliminated.

What do you think? Feel free to comment below.

Today's Article: The Huge (And Rarely Discussed) Health Insurance Tax Break : Shots - Health News : NPR.

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