The Supreme Court Says the Health Care Mandate is a Constitutional Tax
In its long-awaited decision on the Affordable Care Act, the Supreme Court has ruled that Congress can require people to either have health insurance or pay a tax if they don’t. Because the High...
View ArticleHow Much Will 2013’s Payroll Tax Hikes Cut Your Take-Home Pay?
2013 is a tough year if you owe payroll tax, as most of us do. Not only did the 2010 payroll tax cut die at the end of 2012, but high-income workers now owe an extra 0.9 percent, thanks to the...
View ArticleTaxing Employer-Sponsored Insurance Would Hike Social Security Benefits But...
The tax subsidy for employer-sponsored health insurance is huge. Not only are the premiums exempt from income tax, they are also immune from Social Security payroll tax. The two subsidies combined will...
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