Health Savings Accounts (HSA) are a product that offers consumers a way to save on their health care costs. If you meet the qualifications and open a HSA, you receive a deduction on your income tax return which lowers your taxable income. In effect, the monies you then use from your HSA to pay medical expenses is tax free income, the same as employee health insurance deductions taken out of a pay check before tax.
One of the qualifications for opening an HSA is that your health insurance policy qualifies as a “high-deductible” policy - the deductible for 2007 must be at least $1,100 for individual coverage or $2,200 for families.
Presidents and their families are entitled to free government health care. Not only do they not have a “high-deductible” policy, they have a no deductible policy - as in FREE.
Yet on the tax returns on George & Laura Bush for 2007 & 2005, they claimed a deduction for an HSA. http://www.taxhistory.org/www/website.nsf/Web/President
ialTaxReturns
Since we all know our President obviously wouldn’t cheat on his taxes, I was wondering if anyone knew how the average taxpayer could legally claim this tax deduction & also lower their taxable income while not having to pay this “high-deductible amount” out of their pockets?
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mmustangg
Jun 26, 2008 | 9:19 PM |
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DEOP
Jun 27, 2008 | 4:51 AM |
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mmustangg
Jun 27, 2008 | 5:58 AM |
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DEOP
Jun 27, 2008 | 7:04 AM |
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mmustangg
Jun 27, 2008 | 7:22 AM |
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DEOP
Jun 27, 2008 | 7:42 AM |
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mmustangg
Jun 27, 2008 | 9:22 AM |
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DEOP
Jun 27, 2008 | 1:17 PM |
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mmustangg
Jun 27, 2008 | 2:09 PM |
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DEOP
Jun 27, 2008 | 2:48 PM |
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mmustangg
Jun 27, 2008 | 9:19 PM |
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DEOP
Jun 28, 2008 | 5:19 AM |
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Neanderthal
Jun 28, 2008 | 6:20 AM |
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mmustangg
Jun 28, 2008 | 8:11 AM |
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DEOP
Jun 28, 2008 | 9:02 AM |
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mmustangg
Jun 28, 2008 | 2:59 PM |
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DEOP
Jun 28, 2008 | 4:44 PM |
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Neanderthal
Jun 29, 2008 | 7:58 AM |
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DEOP
Jun 29, 2008 | 9:35 AM |
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mmustangg
Jun 29, 2008 | 11:30 PM |
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How sad it is when people hide behind the delete button. If someone is rude, obnoxious, or obscene, why not let the world see this? The truth is the delete button is used by some when they disagree or want to hide the facts that shoot down their beliefs. But worse is the chickens that don't allow any comments on their threads.
Member Since: 11/21/2006