7. Why do proponents of a universal refundable tax credit to replace the current

Question

7. Why do proponents of a universal refundable tax credit to replace the current system of tax-exempt employer-paid health insurance believe it will be more equitable? A. Employees whose employers do not buy health insurance and those who are self-employed are not eligible for tax-exempt employer-paid health insurance. B. A refundable universal tax credit would be equitably financed by using the lost revenue from the tax-exempt employer-paid health insurance. C. Employees in a higher tax bracket benefit more from tax-exempt employer-paid health insurance than those in a lower tax bracket. D. All of the above 7. Why do proponents of a universal refundable tax credit to replace the current system of tax-exempt employer-paid health insurance believe it will be more equitable? A. Employees whose employers do not buy health insurance and those who are self-employed are not eligible for tax-exempt employer-paid health insurance. B. A refundable universal tax credit would be equitably financed by using the lost revenue from the tax-exempt employer-paid health insurance. C. Employees in a higher tax bracket benefit more from tax-exempt employer-paid health insurance than those in a lower tax bracket. D. All of the above 7. Why do proponents of a universal refundable tax credit to replace the current system of tax-exempt employer-paid health insurance believe it will be more equitable? A. Employees whose employers do not buy health insurance and those who are self-employed are not eligible for tax-exempt employer-paid health insurance. B. A refundable universal tax credit would be equitably financed by using the lost revenue from the tax-exempt employer-paid health insurance. C. Employees in a higher tax bracket benefit more from tax-exempt employer-paid health insurance than those in a lower tax bracket. D. All of the above

Explanation / Answer

A. Employees whose employers do not buy health insurance and those who are self-employed are not eligible for tax-exempt employer-paid health insurance.

People who are self employed but maintain their tax file do not get privileges like tax exempt employer-paid health insurance since they do not work under any employer . So an universal refundable tax credit would be more equitable in nature .

Related Questions

Navigate

• Browse (All)
• Browse 7
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.