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NOW we'll see if the planet will implode.

Feb 20, 2015 8:21PM PST

All the naysayers (Oh no, they can't raise wages) will be ducking for cover?


Wal-Mart Stores Inc to raise pay for 40% of its employees

NEW YORK — Wal-Mart Stores Inc. is spending US$1 billion to make changes to how it pays and trains hourly workers as the embattled retailer tries to reshape the image that its stores offer dead-end jobs.

As part of its biggest investment in worker training and pay ever, Wal-Mart told The Associated Press that within the next six months it will give raises to about 500,000 workers, or nearly 40% of its 1.3 million employees. Wal-Mart follows other retailers that have boosted hourly pay recently, but because it's the nation's largest private employer, the impact of its move will be more closely watched.

Discussion is locked

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I never said
Feb 27, 2015 12:50AM PST

you couldn't take a tax credit for premiums paid or medical expenses paid out of pocket, which would probably include the deductibles. However, you also have to claim the portion your employer gives you that THEY have paid for you (even if you pay only a portion out of your paycheck) because it's now considered to be part of your total income for the year and is listed as such on your tax form (W-2). The FACT however is that most people will take the standard deduction according to their marital filing status rather than itemize their deductions and you can only take a LIMITED amount as a credit even if you DO itemize. You will ALWAYS end up on the losing end of that train wreck.

So....you CANNOT claim as an expense the portion of your health coverage that the employER paid for you; but you DO have to claim that same portion as INCOME and part of your total wages for the year. You can ONLY claim what you have paid OUT OF YOUR OWN POCKET towards PRIVATE insurance ....and ONLY if you itemize your deductions; otherwise the standard deduction is ALL you can take.

Your link says exactly what I've been saying all along...and it is what people have been waking up to finally regarding Obamacare. The ONLY winners in any of this have been those who have frauded the system and gotten subsidies.....and even that's only a temporary situation because that house of cards is already falling down as people find out they have to pay back the subsidies because they weren't entitled to them, deliberately frauded the system to get them, or they find out via SCOTUS soon that they never qualified to get them in the first place and now can't afford any part of the premiums so coverage will be dropped like a hot potato.

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RE: Your link says exactly what I've been saying all along.
Feb 27, 2015 4:19AM PST
Your link says exactly what I've been saying all along...and it is what people have been waking up to finally regarding Obamacare.

MY link says no such thing, AND you're welcome for thinking that NOW will you thank me?
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In all of this...
Feb 27, 2015 5:24AM PST

....have you failed to realize it 's the free enterprise system that's doing it, not the govt, and for walmart, not a union either. Your appreciation to that free enterprise system is appreciated, even if you've failed to realize it yet. Wait, .....it will come to you....

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RE: not a union either.
Feb 27, 2015 5:27AM PST

Permission to link your post to Toni?

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(NT) you can do what you want
Feb 27, 2015 5:29AM PST
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I know that.
Feb 27, 2015 5:34AM PST

Do you think it is worth the effort?