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Re: A New Equal Rights Amendment for Taxation Nelson Hultberg July 4, 2016 

By: micro in CONSTITUTION | Recommend this post (2)
Sun, 08 Jan 17 7:57 PM | 176 view(s)
Boardmark this board | Constitutional Corner 		Msg. 21231 of 21975
(This msg. is a reply to 21227 by monkeytrots)
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Hi MT!

The amount of medical expense deductible on schedule A must exceed something like 20 percent of your income or something like that.. Yes, it is high.

Are you including Social security in the federal income tax also? Just trying to figure how you got 15%.. Thanks!!

micro...


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The above is a reply to the following message:
Re: A New Equal Rights Amendment for Taxation Nelson Hultberg July 4, 2016
By: monkeytrots in CONSTITUTION
Sun, 08 Jan 17 4:18 AM 		Msg. 21227 of 21975

Micro> Medical expenses ARE DEDUCTIBLE on the long form under schedule A if it exceeds a certain amount.

Yes, micro. I am aware of that. What is the 'exceeds a certain amount' for employee (employer pre-withhold payroll deduction - ie.hiding that it is actually part of the paycheck) amount ? What is the difference between direct cost or 'laundered' cost by washing the payment (minus HUGE profits) through so-called 'insurance companies' ?

That is the real point. The form-A medical exemption amount is HUGE - and is CAPPED, last time I checked.

BTW: You already pay over 15% in 'income taxes' - unless your income is well over 120,000k.


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