The IRS Deductions Blog

Archive for March, 2010

Question: I am 25 and my health insurance ran out. Where can I get cheap health insurance in NY that includes:?

Also, what does this mean in lamens terms?
With a High Deductible Health Plan (HDHP), you pay for most health care expenses up to a certain amount
before the insurance policy begins to cover them. The Standard Deductible is $1,150 for individuals

Hospitalization (MAJOR MEDICAL)
Prescription Coverage
Out Patient (Dr. Office Visits, House Calls)
Right to pick your own doctor within the network
Emergency Care
Surgical Care
Optional: Dental/Optical
Very Least Must Have Hospitilization/Surgical/Emergency

Answer: Try this site where you can get quotes from different companies in NY so you can compare them and decide which is the best for you

http://heinsurance.notlong.com 

I hope it helps you.

Items on Amazon Right Now for High Deductible Dental Insurance:

Why a $14/hour employee costs $20

You probably cost your boss a lot more than you think you do.

National healthcare Benefits — Insight and Testimonials

Items on Amazon Right Now for Sales Tax Deduction 2009 Car:

Green highlights Recovery Act tax cuts for Texans

U.S. Rep. Gene Green encouraged all Texans to take advantage of numerous tax cuts in the Recovery Act.

3 Tesla Motors Workers Dead in Plane Crash – Palo Alto, CA

Question: If Obamacare passes, will the 36% of the free loaders in the USA pay income tax now?

http://taxprof.typepad.com/taxprof_blog/2010/03/tax-foundation–1.html

This report shows that 36% of people do not pay federal income tax each year. With all of the deductions, child credits, etc. that people can take, 36% of the people either get 100% or more back on their tax return.

If Obamacare passes, will the 36% of societies free loaders now pay some sort of federal income tax? I am not talking about sales or property tax, I am talking strictly federal income tax.
Or will Obama continue with his “spread the wealth” program?

Answer: Nope. My prediction is that the amount of people who don’t pay taxes will actually go up and they will expect the “top 5%” to pay the bill.

Items on Amazon Right Now for Sales Tax Deduction 2010:

Alabama House panel approves bill for public vote on removing state sales tax on food

Approval of measure and successful vote would mean higher income taxes on state’s higher earners

Phoenix Overlords Approve Food Tax February 2, 2010

Question: Should we do away with all of our taxes in this country except for one Flat Tax?

Should we do away with all taxes except a Flat Tax? Lets say everyone pays exactly the same tax 50% of what they make. Let’s also say every household gets exactly the same deduction the first $50,000 of what they make. This way both rich and poor pay the same rate and have the same deduction. Should we let the American people vote on it?

Answer: I think if you do the math, this specific proposal wouldn’t bring in enough money. Whereas most people who pay tax would be paying a lot less, that is the problem.

Items on Amazon Right Now for Household Tax Deductions:

10 common tax-filing mistakes to avoid

Along with the pitfalls we face every filing season, be wary of new ones created by tax law changes.

3 Ways to Turn Your Clutter Into Cash

Items on Amazon Right Now for Deductible Vs Out Of Pocket Maximum:

Robert Peston

BBC pension changes: A course others will follow?