Working Up

by Dwayne Phillips

Thanks to recent legislation concerning health insurance, we have a new way to calculate take-home pay.

In the old days, whenever that was, take-home pay was calculated as:

income minus taxes

Now, however, take-home pay is calculated as:

income minus taxes minus what you pay for health insurance in your job based on the percentage that your employer pays and complies with recent legislation and the plans they choose to offer if they don’t deny insurance and pay a penalty because that is all cheaper

Seems a bit more complicated, doesn’t it?

Health insurance is the most complicated task Americans tackle these days. It is even more complex than income tax.