Saturday, October 13, 2007

DarthDoyle Taxes HSA's??

Owen reports that DarthDoyle's "Budget, (Rev.2)" contains the following:

HSA Tax Deduction Eliminated

Wisconsin never really had an HSA tax deduction. If you have an HSA, the Feds simply do not tax funds used from the account. However, Wisconsin requires you to report the funds used as a part of gross income, then deduct the health-related expenditures.

It's ridiculous, cumbersome, time-consuming, and (frankly) a waste of EVERYONE'S time for what amounts to penny-ante tax dollars, if any.

Thus, the only way for Darth to have "eliminated" the deduction is that he found a way to prevent deducting the medical expenditures. More likely, the (R) Assembly suggested that the State tax method simply follow that of the Feds and DarthDoyle struck that provision.

Wouldn't surprise me, but if that were the case, it would be a below-the-belt hit, to say the least.

Worthy of cooking up some tar and finding a few feathers, anyway.

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