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Imputed income sux
Topic Started: Dec 18 2006, 09:09 AM (500 Views)
kenny
HOLY CARP!!!
I'm looking into adding Jose to my companies medical dental and vision insurance plans

The money the company pays to the insusrance companies, $440 a month, is considered taxable income to me. (imputed income)

If we were straight and married it would not be taxable.

Not fair! :veryangry:

So we have to pay $67 a month for our portion of the insurane premium plus about $143 to pay this tax.

$210 extra a month becuase we're gay. :mad2:
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***musical princess***
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HOLY CARP!!!
Get out your melons and put on a dress and the two of you can pretend you are a hetero couple. :tongue:


(But seriously, that is sh*t kenny. Completely unfair.)

x
x Caroline x
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Mikhailoh
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If you want trouble, find yourself a redhead
I agree. However, you also need to take into account the marriage penalty Janet and I have paid for years. We pay more taxes because we ARE married than if we were single.

Everybody gets screwed.
Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball
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Jolly
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Geaux Tigers!
If you're getting health insurance for two people for around $200/month, you need to go put your nose in a corner and shut up.

Most people would give their eyeteeth for benfits like that.
The main obstacle to a stable and just world order is the United States.- George Soros
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The 89th Key
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I wonder if I could put Aqua on my company's insurance plans too... :lol:
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musicasacra
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HOLY CARP!!!
kenny
Dec 18 2006, 10:09 AM
I'm looking into adding Jose to my companies medical dental and vision insurance plans

The money the company pays to the insusrance companies, $440 a month, is considered taxable income to me. (imputed income)

If we were straight and married it would not be taxable.

Not fair! :veryangry:

So we have to pay $67 a month for our portion of the insurane premium plus about $143 to pay this tax.

$210 extra a month becuase we're gay. :mad2:

at companies i'm familiar with, it's the same deal for hetero couples who live together but aren't married.
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Axtremus
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HOLY CARP!!!
Mikhailoh
Dec 18 2006, 01:16 PM
I agree. However, you also need to take into account the marriage penalty Janet and I have paid for years. We pay more taxes because we ARE married than if we were single.

Everybody gets screwed.

Pardon my ignorance... but don't you have the option to file separately?

I do not believe the homosexual couples have any other option.
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The 89th Key
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To me, it really comes down to a benefit-by-benefit analysis. For example, there are obvious reasons why an employee can put their family (including kids) on their insurance plan. Because, well...especially the kids will need medical this and that and aren't old enough to have their own. I guess often the spouse is put on the plan as well because they either dont work, or dont have as good a plan.

So the question here is...what should be the criteria for getting add people to your health insurance? I think it's easy to use marital status, because that simplifies the issue and auto-answers the various requirements for it. However, if one thinks it's reasonable to put non-married couples on there, then for it to be fair, such a benefit should be extended to non-married couples, roommates, friends, etc. Which from an insurance point of view, is a nightmare to manage. So perhaps there should be a legal union option for those that qualify? Not sure how that would work...but if two or more people can justify that they should be allowed to have a union to legally prove (insurance, hospital, power of attorney, etc) their commitment to staying together (even with non-sexual roommates who simply plan to live with each other for a while), then so be it!

But it all comes down to the point of having such benefits...
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Axtremus
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HOLY CARP!!!
musicasacra
Dec 18 2006, 01:26 PM
at companies i'm familiar with, it's the same deal for hetero couples who live together but aren't married.

True, but the heterosexual couples have the option to get married to nutralize the differential in tax treatment, and this option is not available to homosexual couples.
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Mikhailoh
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If you want trouble, find yourself a redhead
Axtremus
Dec 18 2006, 01:39 PM
musicasacra
Dec 18 2006, 01:26 PM
at companies i'm familiar with, it's the same deal for hetero couples who live together but aren't married.

True, but the heterosexual couples have the option to get married to nutralize the differential in tax treatment, and this option is not available to homosexual couples.

At which point they are then hit with the marriage penalty. Gay couples are not paying this. The rules work against some at times and the rules work for them at other times. It does not qualify as discrimination.
Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball
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kenny
HOLY CARP!!!
It gets worse.

If I do not have a dometic partner the money my company pays for my insurance is NOT taxable income to me.

I just found out that with a domestic partner not only is the money my company pays for Jose's insurance considered taxable income, but THE MONEY THEY PAY FOR MY INSURANCE IS NOW CONSIDERED TAXABLE INCOME TOO.

What the Hell is that?

The Gay Tax!
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Mikhailoh
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If you want trouble, find yourself a redhead
Not if it works the same for a hetero couple.
Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball
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kenny
HOLY CARP!!!
Mikhailoh
Dec 18 2006, 09:59 AM
Not if it works the same for a hetero couple.

But it doesn't.

Medical benefits given to married people are tax free for BOTH the employee and the spouse, and all of their 99 children too.

Medical benefits given to single people are tax free also.

Only medical benefits for domestic partners are taxable.
AND NOT ONLY IS THE PART OF THE BENEFIT THAT PAYS FOR THE PARTNER TAXABLE, THE PART FOR THE EMPLOYEE IS SUDDENLY FOR SOME REASON TAXABLE TOO. :mad2:

The Gay Penalty.

IRS rules.
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QuirtEvans
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I Owe It All To John D'Oh
Axtremus
Dec 18 2006, 12:36 PM
Mikhailoh
Dec 18 2006, 01:16 PM
I agree.  However, you also need to take into account the marriage penalty Janet and I have paid for years.  We pay more taxes because we ARE married than if we were single.

Everybody gets screwed.

Pardon my ignorance... but don't you have the option to file separately?

I do not believe the homosexual couples have any other option.

I'm not a tax lawyer, but do married people filing separately get to use the individual schedules?
It would be unwise to underestimate what large groups of ill-informed people acting together can achieve. -- John D'Oh, January 14, 2010.
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Mikhailoh
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If you want trouble, find yourself a redhead
No. The tax schedules are different. And we do file separately but that does not mean we pay the same as if we were single filing separately.
Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball
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Mark
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HOLY CARP!!!
Just dump the income tax all together and all these "inequities" go away!
___.___
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o 0
When I see an adult on a bicycle, I do not despair for the future of the human race. H.G. Wells
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Mikhailoh
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If you want trouble, find yourself a redhead
So it works the same for heterosexual unmarried couples. I'm not buying this as a gay discrimination issue. This is simply the way the rules are set up today.

A few years ago domestic partners were not even eligible for coverage.
Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball
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QuirtEvans
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I Owe It All To John D'Oh
Mikhailoh
Dec 18 2006, 01:11 PM
So it works the same for heterosexual unmarried couples. I'm not buying this as a gay discrimination issue. This is simply the way the rules are set up today.

A few years ago domestic partners were not even eligible for coverage.

The discrimination issue is that the hetero unmarried couple has the option of getting married and electing different financial consequences, while the gay unmarried couple does not.

The fact that it was worse some years ago is not persuasive.
It would be unwise to underestimate what large groups of ill-informed people acting together can achieve. -- John D'Oh, January 14, 2010.
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Mikhailoh
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If you want trouble, find yourself a redhead
But getting married is not relief.. it just trades one inequity for another. Inequity and discrimination are two different things.
Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball
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Steve Miller
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Bull-Carp
Mikhailoh
Dec 18 2006, 11:21 AM
Inequity and discrimination are two different things.

How so?
Wag more
Bark less
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Mikhailoh
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If you want trouble, find yourself a redhead
Discrimination is an intentional act. Inequity is frequently an unintended consequence.

Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball
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QuirtEvans
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I Owe It All To John D'Oh
Then, in your parlance, it's still discrimination. Because the discrimination is in the conscious decision not to allow two people of the same sex to marry.

And we all know that separate but equal is still illegal, now don't we?
It would be unwise to underestimate what large groups of ill-informed people acting together can achieve. -- John D'Oh, January 14, 2010.
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Mikhailoh
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If you want trouble, find yourself a redhead
There is no getting out of extra taxes by marriage. We've already covered that.

Plain and simple, as much as Kenny would like to see the 'haters' behind this, they're just not there.
Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball
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Steve Miller
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Bull-Carp
Mikhailoh
Dec 18 2006, 07:31 PM
Plain and simple, as much as Kenny would like to see the 'haters' behind this, they're just not there.

So you're working diligently toward a more fair and equitable tax arrangement for Kenny and his partner?
Wag more
Bark less
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Jolly
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Geaux Tigers!
Steve Miller
Dec 18 2006, 09:43 PM
Mikhailoh
Dec 18 2006, 07:31 PM
Plain and simple, as much as Kenny would like to see the 'haters' behind this, they're just not there.

You are then, of course, working diligently toward a more fair and equitable tax arrangement for Kenny and his partner?

I'm not, nor do I wish to.

We use the tax code to make social policy all the time. I can think of few things better for society than the promotion of marriage.
The main obstacle to a stable and just world order is the United States.- George Soros
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