Originally Posted by
GunshipGuy
Can someone explain this to me: I have a taxable amount of $44.03 on my paycheck for Delta provided life insurance ($500k, I believe). Now while I like the idea of getting "free" life insurance, a taxable amount of $88 a month seems pretty high. A 45 year old can lock in a $500k term policy for 20 years at about $25 a month (which would then take him out to age 65). Gotta wonder why the $88/mo value being placed on this benefit. What am I missing?
You're missing the big one that will be added to your check when Obomacare is in full swing. We are gonna get e nice "payraise" as far as the IRS is concerned, but nothing that you will be able to go out and spend. It's called imputed income. Check back when the "ACA" is implemented and tell me I am wrong......