A little background. I buy family health coverage. To cover 6YO and P, as well as myself, is $546 a month, including dental. Even though domestic partnership benefits are taxable (i.e., paid post-tax), I have been able to have it as a pre-tax deduction because 6YO is my son. Now HR has been told, not surprisingly, that they have to tax me on it.
One might think that they would then tax the "portion" that provides the DP benefit. Technically that's zero since the premium is the same whether it's only 6YO or 6YO and P. But, let's call it 50%, or $273. Oh, no, silly. They have to tax me on the "fair market value" of single coverage, or $400. Thus, I pretty much lose and non-taxability of the dependent child coverage.
Yes, nice that we now have DP benefits. But, I am so tired of being told, indirectly, that I'm not a valued citizen of this nation. I looked at the benefits manager and said, "This is why I hate this country." I don't know if I posted this before, but I got a really nice raise this year. But, after the increase in tax on P's tuition "benefit," I saw an additional $17 in my paycheck. Woo-hoo. Get me out of here.
Okay, there's my rant for the morning... and how are you?
10 months ago
5 comments:
I feel your pain. It really chaps my butt how they tax me extra for having Emilio on my DP benefit.
We pay more taxes to be treated like second class citizens!
Well, it could be worse, folks.
"drf" and I have paid our own individual policy premiums for years as we are self-employed. (And not very employed with the crappy real estate market!)
The only answer is a complete reorganization of the health care system to single-payer, ala Dennis Kucinich. Since the MSM has anointed Hillary as the next recipient of the royal office, we're screwed, and not in a good way.
We all need to start actively working on getting harperco out of office. The longer his crowd is in power, the more pervasive their policies will be entrenched . . . .
Yes, it could always be worse. E.g., the story L-girl posted. And, yes, individual premiums suck. But, my point is that I have dozens of colleagues, doing the same job, receiving the same benefit package, etc., yet I'm taxed in a way they are not. Thus, rather than apples and oranges, it's apples and apples only the apple I get has a worm.
That being said, I definitely agree that a complete reorganization that separates things like health insurance from employment is the way to go.
Ah, yes. Now I see the problem.
The whole tax structure based on promoting "marriage" is skewed.
Why isn't every entity treated equally rather than placing one lifestyle over another? Just the "American Way", I guess . . .
Yes, though the "good news" is that more and more (het) people with whom I have these conversations are truly shocked and appalled.
BTW, web, beautiful pics on Moving to...!
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