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Old 11-17-2012, 06:48 AM   #183
Mr. Flopnuts Mr. Flopnuts is offline
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Quote:
Originally Posted by patteeu View Post
Yes, it's been a part of the tax code for decades.

If your annual premium is $5000 and the tax rate is 20% ( just to make the math easy), it would be $1000 per year.
This is absolutely correct. Your health insurance is deducted pre-tax. So you're not paying taxes on that money, therefore it is subsidized.
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