Subject: Taxing employer provided health care Comment: The value of employer-provided health insurance as well as any other "perks" are part of the employees total pay package and should be subject to income tax as well as Social Security tax. The value of employer-subsidized child day-care should be taxed as income. All these company-provided "freebies" are avoiding both income and Social Security taxes, and are therefore causing everybody else to pay more to take up the slack. My son works for SBC Communications, for example, and so does his wife. Their fringe benefit package is valued at $10,000 each. That is a lot of untaxed money! I think the place to look for fair tax treatment begins with doing away with these untaxed perks that are part of the pay package of many well-paid employees. |