HSAs are hardly a convenient tax shelter for the wealthy. The funds may only be used for medical expenditures. It’s not as if the money is being used to buy a yacht.

Not true. You are talking about a Flexible Spending Account (FSA), not a Health Savings Account (HSA).

The HSA earns interests that are also tax free, and the outstanding balance at the time of the death of the HSA holder is inherited by the beneficiary as any other asset would.

But don’t take my word. Let the IRS tell you about FSA vs HSA.

Health Savings Accounts, If not spent, normally get zeroed out at the end of the year, and you LOSE the money in them. Mine is administered by Aetna, and if the funds are not used by the end of the year, they are forfeited to the Administrating company.

“Congress Stuffs Essential Tax Bill With Pork For The Wealthy” – - well I should HOPE so! Such a novel idea – - giving tax breaks to those who actually pay THE taxes……

Comment by mighty aphrodite — December 9, 2006 @ 5:52 pm

Thats just it, the wealthy don’t pay taxes. They get all the tax breaks, then take their money, set up shop overseas, pay labor 50 cents an hour and layoff American workers.

“The average tax cut for the richest 1 percent over the next four years will total $103,899, while the average tax cut for the bottom 60 percent of taxpayers will total $385 over the next four years, according to Citizens for Tax Justice. Low-income taxpayers—the bottom 20 percent—will receive a $15 tax cut the first year, a sum that will decrease to $1 by the fourth year of the tax scheme. Overall, the House-passed version scales back sharply the already modest middle-income tax cuts included in earlier bills by phasing out those provisions in two years.”

“Two of the nation’s richest men, billionaire investors Warren Buffett and George Soros, have spoken out against the tax cuts, saying they will not help the U.S. economy—as Bush has said in selling the tax plan. Soros said in an interview with the CNBC that the dividend tax plan was “basically using the recession to redistribute income to the wealthy.”

Gregg, who will give up the Budget Committee gavel when his party relinquishes control of Congress in January, issued his unusually harsh critique in reference to a sweeping tax-cut bill that Republicans were rushing through in the final hours of the congressional session.
…
http://www.crooksandliars.com/2006/12/09/gop-senator-blasts-the-109th-congress/
.

income tax on labor is ILLEGAL. there is NOT a tax code or law out there anywhere that says it is law to tax wages. income tax was to tax corportations on their goods NOT labor. but the zionist/nazi pricks slid that in because the american dumbasses won’t pay attention nor have they really cared for all these years. the irs is nothing but a mob to take your hard earned money and put it straight into the pockets of the folks who own the federal reserve bank. folks, income tax is paying for the federal interest rate that comes out of the federal reserve bank that determines how much each individual is going to pay for there house, cars, credits. now remember these pricks do not pay interest because they OWN the money so what does that tell ya…….. the 1913 federal reserve act should be abolished immediately. IT IS ILLEGAL, THIEVERY AT IT’S WORST ON THE AMERICAN PEOPLE.

But the HSA is really popular with the middle class.

And since the money MUST be spent on health care purchases, it’s not much of a free grab bag for anyone. It just allows folks to get a tax break for medical purchases.

The FDA Appointee, Andrew von Eschenbach, was confirmed today after months of waiting due to objections about his role in targeting seniors who purchased prescription drugs from Canada with drug trafficking.

The CDC has again refused to provide reports about its post-Katrina performance to the House Energy and Commerce Committee which is charged with oversight of the CDC. Alison Young of the Atlanta Journal-Constitution, has been reporting about the demoralized professional staff and bright flight of senior scientists under the “reorganization” of the agency by Bush appointee director, Julie Gerberding.

Is this satire or are you just nuts?….

I have a confession to make.

I love eating pork rinds while I am throwing WADS and WADS of cash

all over my petite little body.

Funny how the smell of money makes my nipples hard.

Back to work you fools!!

My coffers are not full yet.

Did I mention I made $7,000,000 ………and still counting because of

our President?

And he has 2 whole years LEFT!!!

Bwahahahahaaa!!!

Back to work you govt. mules.

Believe me when I say,slavery is ALIVE and well in the USA.

God I love this country.

you=mac and cheese and no social graces.

me= caviar and occasional pork rinds.

it is nice to be me.

Tell your nephew he can go blow it out his ass too.