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Should employees be allowed to pay for their health care with tax-excluded dollars? Dr. Roger Beauchamp, D.D.S., joined Michael Hamilton on the Health Care News Podcast to share his proposal for reforming the U.S. tax code to empower employees to spend their hard-earned wages on the health care solution of their choice.
Currently, people may deduct medical expenses in excess of (in most cases) 10 percent of their adjusted gross income. But this deduction recovers only a portion of their income tax, not money sent off to the IRS to pay for FICA or Medicare.