Thread: No racing money
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Old 08-23-2010, 05:08 PM
  #5  
Pdmracing
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CRAFTSMAN
 
Join Date: Oct 2007
Posts: 53
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That is not true, it only applies to high value accounts, like over $27000 a year for the policy, not your income, so if you had 30k in premiums paid by your employer, you would have a tax on the 3k difference between the 27k & 30k, so you would have a 40% tax on the 3k not he 30k,& if your employer is paying 30k for your health premiums, god bless them & you.
No need to get alarmed, unless you are getting a 5k a month policy paid by your employer.

Your freindly insurance agent.
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