When people think about taxes, they usually think in ways for the wealthy or rich to pay less. Of course wealthy and rich people earn way too much to qualify for affordable healthcare programs because they are either insured along with their high paying jobs or they make so much money that the cost of healthcare will never leave them broke. But what does that have to do with low income people and incomes considered to be middle class? Nothing, absolutely nothing. Such people are not put in tax positions to subsidize low incomes for state or government programs, any more than they already do. Rising health insurance premiums don't affect the wealthy folk in that you won't find them eating one meal a day or skimping on medications so that they last longer or bundling up with layers of clothes to avoid turning on the heat or using a hot plate so that they reduce the amount of electricity, or not even using lights. This is all so costly. There has to be a way to reduce the amount of money middle and low income people pay as a result of high health insurance premiums. The subsidy an individual or family receives still does not make health insurance affordable for those people who earn under a certain amount. There are people who pay almost half or even a full paycheck of income towards monthly premiums. What is needed? There should be a tax cut for those who pay for their own health insurance. The amount that you contribute would be deducted and thus put one in a lower tax bracket or income. What does that do? This means that you would pay less in taxes due to the deduction of the yearly amount of health insurance premium paid for the year. This ain't double dipping. People barely make enough for the basics and have health insurance deductibles that they cannot afford to pay, this is just awful. How in the world does Congress expect someone who earns less that $30,000 a year to pay for $7,000 worth of deductibles that does not include the cost of monthly health insurance premiums that they still have to pay for? That is double dipping! You pay a high cost of health insurance premium and then double that amount or one and a half it for the deductible. Seriously! How are these people expected to keep a roof over their heads, eat food, have clothes and get to and from where they have to go and let alone save for retirement? It should not matter if you take the standard or if you itemize deductions, if you pay an exorbitant amount of health insurance premiums a lower tax bracket should be considered, then of course a certain percentage of any deductible paid out can be deducted, this would help people who need low cost health insurance the most. Tax cuts, somewhere in the middle!
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