What are the arguments in favor of eliminating (or placing a cap on) the tax-exempt status...
Homework Answers
The main arguments in favor of eliminating the tax-exempt status of employer-purchased health insurance are
- It can greatly contribute to the increment in their income level
- It can improve the overall job rate and can offer an increase in job opportunities to new job seeker
- It can provide a job security
- It can cover large number of population to e insured.
- The employees will be responsible in their work as they are equal contributor for their insurance
- They can increase the country's GDP
- It can reduce the unnecessary medical expenditure and act as a cost control method
Add Answer to:
What are the arguments in favor of eliminating (or placing a cap
on) the tax-exempt status...
In your own words, explain why employer-purchased health insurance results in more comprehensive health care coverage....
In your own words, explain why employer-purchased health insurance results in more comprehensive health care coverage. What are some of the arguments in favor of eliminating or placing a cap on the tax-exempt status of employer purchased health insurance? What are some of the consequences of greater comprehensiveness of employer-purchased health insurance? What are the differences between community rating and experience rating, and what are some consequences of using community rating? What are some reasons the Affordable Care Act has...
Which type of employees benefited the most from tax-exempt employer-purchased health insurance? Employees in the highest...
Which type of employees benefited the most from tax-exempt employer-purchased health insurance? Employees in the highest tax brackets received the largest tax subsidy. Low-income employees would otherwise not have received any employer-paid health insurance if it wasn't subsidized. Employees who also had an ownership interest in the firm benefited most from the subsidy that went to the employer. All employees benefited equally given that they all received the same tax subsidy.
Q715. Do you personally favor or oppose completely eliminating the estate tax - that is, the...
Q715. Do you personally favor or oppose completely eliminating the estate tax - that is, the tax on property left by people who die? 2006 6 8% 19% 14% 2005| 68% 17% 15% Favor Not sure
please use the 2019 tax system (12. Gross Income Exclusions. (Obj. 1) Indicate, by placing an...
please use the 2019 tax system
(12. Gross Income Exclusions. (Obj. 1) Indicate, by placing an in he following items is includable in or excludable from gross income. Item te by placing an X in the proper column, wheth Includable Exclude a. Life insurance proceeds paid because of insured's death b. Workers' compensation for a physical injury c. Employer-paid health insurance premiums paid to a non-key, non-highly paid employee d. FMV of automobile won on television game show e. Free...
During the tax reform discussions, President Trump proposed eliminating the head of household filing status (see...
During the tax reform discussions, President Trump proposed eliminating the head of household filing status (see Donald Trumps Tax Plan Would Hit Single Parents Hard/). Address the following points in your discussion post: What are the fundamental purposes of filing statuses in the tax system?/ Which of Adam Smiths principles of taxation do filing statuses provide to the tax system? Why? Who in our society would benefit or suffer if the head of household filing status is eliminated (address both...
Regarding to Healthcare please answer the following: A. Regarding maintenance of tax exempt status, which test is easier...
Regarding to Healthcare please answer the following: A. Regarding maintenance of tax exempt status, which test is easier to pass - the “operational test” or the “organizational test”? Explain your answer. B. In reviewing the law, I noticed that “healthcare” is not among the expressly identified exempt purposes. As that is the case, how do healthcare systems meet the exempt purpose requirements? Explain your answer. C. How does a private citizen go about obtaining an NPDB report on their physician?...
Bluebird, Inc., does not provide its employees with any tax-exempt fringe benefits. The company is considering...
Bluebird, Inc., does not provide its employees with any tax-exempt fringe benefits. The company is considering adopting a hospital and medical benefits insurance plan that will cost approximately $9,000 per employee. To adopt this plan, the company may have to reduce salaries and/or lower future salary increases. Bluebird is in the 25% (combined Federal and state rates) bracket. Bluebird is also responsible for matching the Social Security and Medicare taxes withheld on employees' salaries (at the full 7.65% rate). The...
1. Tax-exempt employer-purchased health insurance: decreases the patient's incentive to be concerned about the cost and...
1. Tax-exempt employer-purchased health insurance: decreases the patient's incentive to be concerned about the cost and use of services. is being eliminated by the Affordable Care Act. provides physicians an incentive to be more concerned about their patients' use of services. is also available to those who are self-employed. 2. The individual health insurance market: covers most people who have health insurance. covers a small percentage of people with health insurance. is used by employers for their employees. has been...
What ethical standards govern the charges that tax-exempt hospitals can charge for medical services? Is disparate...
What ethical standards govern the charges that tax-exempt hospitals can charge for medical services? Is disparate pricing for health care services an ethical practice? What ethical considerations would permit self-paying patients to be charged higher rates than insured patients for the same medical services? When should non-charitable, for-profit entities (physician group practices, pharmacies, cafeterias) be able to derive profits from the use of tax-exempt hospitals? Under what circumstances should tax-exempt hospitals be required to provide mutually affordable health care to...
Identify the true, false, and uncertain arguments. Economists that favor tax cuts recommend them as a...
Identify the true, false, and uncertain arguments. Economists that favor tax cuts recommend them as a first line of defense during recessions. During the 2008-2009 downturn, the Fed favored monetary policy over fiscal policy In 2009, economists in the Obama administration estimated that the tax cuts multiplier was lower than the multiplier of government purchases Critics of government spending hikes worry about the additional savings brought about by tax cuts The 2008-2009 downturn would have been worse if there had...
Q715. Do you personally favor or oppose completely eliminating the estate tax - that is, the tax on property left by people who die? 2006 6 8% 19% 14% 2005| 68% 17% 15% Favor Not sure
please use the 2019 tax system
(12. Gross Income Exclusions. (Obj. 1) Indicate, by placing an in he following items is includable in or excludable from gross income. Item te by placing an X in the proper column, wheth Includable Exclude a. Life insurance proceeds paid because of insured's death b. Workers' compensation for a physical injury c. Employer-paid health insurance premiums paid to a non-key, non-highly paid employee d. FMV of automobile won on television game show e. Free...
Bluebird, Inc., does not provide its employees with any tax-exempt fringe benefits. The company is considering adopting a hospital and medical benefits insurance plan that will cost approximately $9,000 per employee. To adopt this plan, the company may have to reduce salaries and/or lower future salary increases. Bluebird is in the 25% (combined Federal and state rates) bracket. Bluebird is also responsible for matching the Social Security and Medicare taxes withheld on employees' salaries (at the full 7.65% rate). The...
Identify the true, false, and uncertain arguments. Economists that favor tax cuts recommend them as a first line of defense during recessions. During the 2008-2009 downturn, the Fed favored monetary policy over fiscal policy In 2009, economists in the Obama administration estimated that the tax cuts multiplier was lower than the multiplier of government purchases Critics of government spending hikes worry about the additional savings brought about by tax cuts The 2008-2009 downturn would have been worse if there had...
Most questions answered within 3 hours.
-
Need to do in Python? Can do in Javascript but not in Python
Write a function...
asked 10 minutes ago -
Industry: Telecommunications in India
Here, you need to discuss the sources of the growth pattern
and...
asked 1 hour ago -
Hydrobromic acid
dissolves solid iron according to the followiaung reaction:
Fe(s)+2HBr(aq)→
FeBr2(aq)+ H2(g)
Part A. What...
asked 3 hours ago -
Verify the following vector identity in SPHERICAL
COORDINATES.
div(curl(A)) = 0
asked 4 hours ago -
The work function (Φ) for a metal is 7.50×10-19 J.
What is the longest wavelength (nm)...
asked 5 hours ago -
1. Would the following procedural changes cause the
calculated mass percent Ni2+ ion in Ni(NH3)nCl2 to...
asked 7 hours ago -
1. Why does the voltage of the capacitor vary with frequency?
where does this missing voltage...
asked 8 hours ago -
p p please write each step out clearly
3. A manager of a company is considering...
asked 7 hours ago -
On October 1, Ebony Ernst organized Ernst Consulting; on October
3, the owner contributed $83,540 in...
asked 8 hours ago -
A.)As an electron moves through a region of space, its speed
decreases from 9.60 × 106...
asked 8 hours ago -
In java with the netbeans program do:
Through object programming
Create a class "ContadorP", which is...
asked 8 hours ago -
Pattern Corporation acquired all of Science
Company's outstanding stock on January 1, 2016 for $600,000 cash....
asked 8 hours ago