"Gould 0738" wrote in message
...
He also talks about a tax credit of up to 50% for businesses which buy
insurance for their employees. Well isn't that grand of him, since we
already write off our employees health insurance premiums!

Ask your accountant about the difference between a tax deductible expense
and
an actual tax credit. Big difference.

I know the difference. But when you're an S-Corp, your business is taxed at
the personal income tax rate. At a high enough income, you're paying nearly
30% in taxes. If you deduct 100% of your employee's premiums, then your tax
deduction equates to a 30% tax credit. I pay $16,800 in health insurance
premiums for my employees, which gives me a tax deduction of approximately
$5040. Under Kerry's plan, I'd get a tax credit of *UP TO* 50% (what does
"up to" mean?). That means I'll get a credit of *up to* $8400. So Kerry's
plan could effectively save me $3400/yr. But the big questions a a) what
does "up to 50%" mean, and b) how much will my personal income tax increase
to pay for his new government-managed health plan?

I prefer Bush's plan: get AHP's passed so that I can let the ADA negotiate
lower rates for dentists regardless of which state they live in.