> "Self-employed"
I.e. it's deductible for your business.
My point stands.
I.e. it's deductible for your business.
My point stands.
On the one hand: health insurance premiums are entirely deductible if you have schedule C income that exceeds their value. This covers more or less all self-employed people, who are the largest group paying for their own insurance.
On the other hand: health insurance premiums are not deductible if you do not have schedule C income that exceeds their value (and/or are eligible for an employer subsidized insurance policy), which means there is still a sizable and significant group of people paying for their own insurance and not able to deduct it.
I am sure you know my own preferred answer: convert all health insurance premiums into taxes that fund a single payer system, so that there is no difference between self-employed "self payers" and non-self-employed "self payers".
Given that we're unlikely to see that before I'm pushing up daisies, I would agree that either any health insurance premium paid by the insured should be tax deductible or none of it should be, to level the playing field. I think I slightly prefer the none solution, but I'm not actively against the all version.
It's clear you know what I meant.
The vast majority of employed people have a single reasonable choice: to take their employers insurance. Anything else would be much more expensive because of lack of deduction. When they change jobs, they are again at the mercy of their (new) employer. Sure there are self-employed folks, and it's different for them, but this thread is not about them. And of course most people with their own insurance choice are self employed precisely because everybody else doesn't really have a choice, which is the whole point.
So, can we please stop with this smoke screen? My popcorn reserves are running low.