This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.

The 7.5 % Tax deductions for Heath and Dental care should be based on net income and not gross income.

Created by T.T. on February 11, 2013

Americans that are trying to take care of their families by paying for health insurance are in danger of going under due to the healthcare cost after insurance companies have paid there reasonable and customary. A family that has a gross income of 80,000.00 a year has to pay out over 6,000.00 dollars or 500.00 a month to itemize the cost. Now we all know that by the time you get your check after all of the deductions, state tax, fed tax, Medicare, social security, health/dental/vision insurance a family of four cannot afford 500.00 a month. That is why the tax deduction should be based on net instead of gross becase you are paying those bills out of your take home pay, not the pay before all of those deductions.

Budget & Taxes
Return to top