Excerpt from Overview of Administration Proposal to Cap Exclusion for Employer Provided Medical Care (S. 640) And of Tax Treatment of Other Fringe Benefits: Scheduled for a Hearing Before the Committee on Finance, United States Senate on June 22, 1983
In general, amounts paid by an employer to a health plan for the benefit of an employee are not includible in the employee's income for income tax purposes or in wages for employment tax purposes.
Under S. 640, gross income of an employee would include amounts paid by 'the employer to a health plan for the employee to the extent the amounts paid exceed specified dollar amounts. These threshold limits would be $175 per month for family coverage and $70 per month for individual coverage. In addition, the amount ia eludible as income would also be subject to social security, railroad retirement, and unemployment payroll taxes.
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Paperback. Zustand: New. Print on Demand. This book provides a comprehensive overview of the tax treatment of fringe benefits. It begins by outlining the statutory exclusions for certain benefits, such as group-term life insurance, accident or health benefits, and meals and lodging provided for the convenience of the employer. The author then discusses the tax treatment of non-statutory fringe benefits, which are not specifically addressed in the tax code but have been the subject of administrative rulings and court decisions. The book also explores the revenue implications of taxing fringe benefits and provides data on the growth of employer contributions to group health insurance and group life insurance. Finally, the author discusses the issues related to the tax treatment of fringe benefits, including the equity concerns, the administrative difficulties, and the potential for abuse. This book is a valuable resource for tax professionals, human resources professionals, and anyone else who is interested in the tax treatment of fringe benefits. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781332274246_0
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781332274246
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