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The purpose of the HSA is to avoid paying taxes.
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Jul 13, 2017 15:50
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aware of dog posted:Okay, I know racists think all black people look alike, but this is just ridiculous. Okay, but we know that's not loving true. He's publicly disclosed meetings with Russian government appointees!
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Jul 13, 2017 15:50
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John Cena should run and just play this ad all the time. https://www.youtube.com/watch?v=0MdK8hBkR3s I would vote for Cena.
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Jul 13, 2017 15:51
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Chilichimp posted:Okay, but we know that's not loving true. He's publicly disclosed meetings with Russian government appointees! https://twitter.com/NatashaBertrand/status/885501806478061568 Doesn't really make much sense to me though
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Jul 13, 2017 15:52
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Mozi posted:The purpose of the HSA is to avoid paying taxes. Well, except that it can only be used on healthcare spending (or such is the idea... execution through Congress/GOP is a different story). So sure a rich individual could avoid taxes by dumping into an HSA, but they'd effectively be locking their money out. The HSA idea is just another option to address the financing of healthcare while doing nothing to address the underlying fundamental truth, which is that the costs actually ARE unsustainable.
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Jul 13, 2017 15:56
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How could any seasoned politician answer "no" to having contact with foreign governments? That's kinda their job.
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Jul 13, 2017 15:56
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DreamShipWrecked posted:Joking aside, same. Right now he is Cool Muscle Guy That Hangs Out With Kids With Muscular Dystrophy. If he starts running and putting out all this crap then it's going to suck. The Rock is very carefully almost totally apolitical because he's aware that becoming political would hurt his brand.
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Jul 13, 2017 15:57
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Boon posted:Well, except that it can only be used on healthcare spending. So sure a rich individual could avoid taxes by dumping into an HSA, but they'd effectively be locking their money out. I read a book on personal finance recently and apparently HSAs are very useful for avoiding taxes and if you are clever, there's no need for the contents to be restricted to healthcare. Of course, no use to ordinary people who will have maybe $500 in their HSA, enough to cover one trip to the doctors.
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Jul 13, 2017 15:58
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aware of dog posted:https://twitter.com/NatashaBertrand/status/885501806478061568 lol To an extent I can understand not listing meetings he had in his capacity as Senator Sessions of the great state of Alabama... but those meetings with Kislyak were in his capacity as a Trump campaign stooge. He can't claim some kind of immunity from disclosure for his activities outside the boundaries of his duties as a Senator.
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Jul 13, 2017 16:00
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Boon posted:Well, except that it can only be used on healthcare spending (or such is the idea... execution through Congress/GOP is a different story). So sure a rich individual could avoid taxes by dumping into an HSA, but they'd effectively be locking their money out. HSA disbursements after age 65 can be used for anything. A HSA is the only truly tax-free investment. Tax-free in, wait until 65, and tax-free out.
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Jul 13, 2017 16:00
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The problem with a moderate republican is that there will still be the hardcore ones around them. And if the moderate just lets the crazy people do what they want while making them look sane and signing there bills he just as bad, if not worse, than a hardcore.
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Jul 13, 2017 16:00
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business hammocks posted:Zodiac Killer got his hsas and bare-bones scam plans. He's voting for it. Human Skinning Accounts?
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Jul 13, 2017 16:02
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Lol HSA I'm sure the 300 bucks I was able to put into it will cover the cost of my $30,000 dollar surgery and my $400 a month medication At least its tax free right
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Jul 13, 2017 16:02
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Leon Trotsky 2012 posted:HSA disbursements after age 65 can be used for anything. I thought HSA was use-it-or-lose-it in that any money put in and not spent this year goes to the Feds. So you couldn't use it as a long term savings account.
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Jul 13, 2017 16:03
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Old James posted:I thought HSA was use-it-or-lose-it in that any money put in and not spent this year goes to the Feds. So you couldn't use it as a long term savings account. That's an FSA.
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Jul 13, 2017 16:03
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You can "only" put 6750/yr into an HSA. I think that's way more likely to help someone earning 50-100k than the super rich. Is it a great solution? No, but I don't think it's really benefiting the super rich more than the middle class. Just cap the maximum income you can have to make contributions like a 401k and call it a day.
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Jul 13, 2017 16:03
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Old James posted:I thought HSA was use-it-or-lose-it in that any money put in and not spent this year goes to the Feds. So you couldn't use it as a long term savings account. That's FSAs, which are different No Butt Stuff posted:You can "only" put 6750/yr into an HSA. It helps everyone not poor that can afford to put money in an HSA
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Jul 13, 2017 16:04
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yeah but you get like .5% interest on that if you max it every year and if you do it every single year for 20 years you'll be able to spend like almost 10 days in the hospital.
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Jul 13, 2017 16:04
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Chilichimp posted:Okay, but we know that's not loving true. He's publicly disclosed meetings with Russian government appointees! Recently, Jefferson Sessions was born anew as Attorney General, leaving behind that old life. Any foreign meetings the old Sessions might have had have no meaning to New Jeff. He has transcended any such interactions, promises, meetings, international conspiracies, Klan honoraria, Nazi memorabilia or mixed race love children that Old Jeff might have been party to.
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Jul 13, 2017 16:07
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FSA = Flexible Spending Account. You can put pre-tax dollars into it and use it within the benefits year to pay for qualified medical expenses. It's basically a checking account that reduces your taxable income and can only be used for healthcare during a one-year period. No interest or dividends. HSA = Health Savings Account Basically an investment account that you can choose different stock, bond, or money-market investments. If you are under 65, then you can only make a qualified distribution for healthcare expenses. If you are over 65, then you can take it out whenever you want tax-free. - Contributions lower your taxable income - Qualified withdrawals do not count as income and are not taxed. - Balance is held in stocks or bond funds and can receive dividends, capital gains, and go up or down with the value of a fund. It is a brokerage account that you can only use for healthcare expenses before 65.
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Jul 13, 2017 16:07
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No Butt Stuff posted:You can "only" put 6750/yr into an HSA. True but you can also invest your contributions in a HSA, which greatly enhances its status as a tax break for the rich and HENRYs. Stop pretending like your average 40k a year slob can afford to dump money into a HSA.
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Jul 13, 2017 16:07
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I have no problem with any improvements to HSA's since they primarily help middle and upper-middle class people. Hell, I even have one. But, if its being thrown in for the purpose of getting enough votes to kill more poor people, then gently caress you.
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Jul 13, 2017 16:08
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A HSA is a libertarian answer to the problem of healthcare. Looks great at first glance but good lord is the idea not thought through. Namely, why the gently caress would someone put money into a HSA when they can barely afford other luxuries like heat or food?
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Jul 13, 2017 16:08
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https://www.nytimes.com/2017/07/11/us/politics/russia-trump.htmlquote:The emails were discovered in recent weeks by Mr. Kushner’s legal team as it reviewed documents, and the team amended his clearance forms to disclose it, according to people briefed on the developments, who like others declined to be identified because of the sensitive political and legal issues involved. Did Kushner even know his lawyers were amending his clearance forms?
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Jul 13, 2017 16:08
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Push El Burrito posted:John Cena should run and just play this ad all the time. Shot in my hometown too!
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Jul 13, 2017 16:10
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Peven Stan posted:True but you can also invest your contributions in a HSA, which greatly enhances its status as a tax break for the rich and HENRYs. I literally said 50k-100k in the post you quoted.
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Jul 13, 2017 16:10
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Feldegast42 posted:Lol HSA If you're running a high deductible / low premium plan, an HSA is a perfect tool for maintaining a sum near your out-of-pocket max. That being said, only a young professional who doesn't really have healthcare costs (and also saves money for unforseen poo poo) would benefit from a catastrophic care plan like this... which is like no one, so this is a loving sham. Why the gently caress to Flexible Spending Accounts not roll-over year to year? I've never understood these things.
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Jul 13, 2017 16:11
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Peven Stan posted:True but you can also invest your contributions in a HSA, which greatly enhances its status as a tax break for the rich and HENRYs. $40k /yr slob here; this is accurate. I need that money to pay my rent.
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Jul 13, 2017 16:11
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Peven Stan posted:True but you can also invest your contributions in a HSA, which greatly enhances its status as a tax break for the rich and HENRYs. "Moderate" Republicans just love these tax free savings accounts as a solution to everything. Your poor $40k slob is also meant to be putting at least $4,000 into his retirement savings each year, as well as saving up for his children to go to college in a 529 plan. Now he has to save up for healthcare expenses, too. It's the kind of solution that works decently if you are earning $150,000 a year as a household, and leaves everyone else on the streets.
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Jul 13, 2017 16:13
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Lacrosse posted:$40k /yr slob here; this is accurate. I need that money to pay my rent. Yeah, when I was making 40k I wasn't even contributing to my 401k. You're paycheck to paycheck in that range.
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Jul 13, 2017 16:13
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aware of dog posted:New version of the senate health bill leaked. Some updates: So it's the old system but with some Obamacare poo poo thrown around the room. Yeah this probably won't pass, the freedom caucus will hate it.
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Jul 13, 2017 16:16
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FizFashizzle posted:yeah but you get like .5% interest on that if you max it every year and if you do it every single year for 20 years you'll be able to spend like almost 10 days in the hospital. 
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Jul 13, 2017 16:16
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Depends where you live frankly. But uhm, no matter where you are $40k would go a much longer way with universal health care. Just saying
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Jul 13, 2017 16:17
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HSA's are good...why is this a debate?
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Jul 13, 2017 16:18
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Chilichimp posted:Yeah, when I was making 40k I wasn't even contributing to my 401k. You're paycheck to paycheck in that range. lol, only if you are bad at budgeting or refuse to get a roommate. I lived off of 33k a year for a bit in Washington, D.C. and still contributed to an IRA. 40k is not paycheck to paycheck, even on a less than frugal budget, in a lot places in the U.S.
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Jul 13, 2017 16:19
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Leon Trotsky 2012 posted:lol, only if you are bad at budgeting or refuse to get a roommate. don't budget shame
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Jul 13, 2017 16:20
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RisqueBarber posted:HSA's are good...why is this a debate? because they are not a good enough trade off on their own to gut the aca further rear view mirrors are good too but don't loving matter without an engine, chassis, wheels etc
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Jul 13, 2017 16:20
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Peven Stan posted:True but you can also invest your contributions in a HSA, which greatly enhances its status as a tax break for the rich and HENRYs. These conversations are a lot easier to have if we don't pretend >40k and rich are the same thing.
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Jul 13, 2017 16:21
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Also, the CBO released an analysis of Trump's budget. https://twitter.com/ryanstruyk/status/885517834297716736
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Jul 13, 2017 16:21
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skylined! posted:because they are not a good enough trade off on their own to gut the aca further I don't think anyone is saying that they are. HSA's already exist. I was just responding to mcmagic's assertion that HSAs are only a tax break for the rich, when they are, in fact, not.
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Jul 13, 2017 16:21
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