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Post by WJ TONER on Oct 28, 2009 13:05:14 GMT -5
What do you think about the idea of allowing tax payers to deduct Fitness Club membership fees if they showed the membership was being used regularly. I would think this would be a win win situation as it would probably reduce many health care expenses for insurance companies. Insurance companies could in return for reduced expenses possibly donate back to some sort of good health promotions or programs etc. I just feel like this would be getting to the root of the problem vs. dealing with the aftermath. Plus a tax deductible incentive may be just the exta boost needed for many people to get motivated. If this worked health insurance expenses would be reduced resulting in lower rates for businesses and individuals. A boost in profits for fitness club business & insurance companies would also create taxable income & offset the tax deduction given by the IRS. Best of all a reduction in the overweight American epidemic. The benefits go on and on. Does anyone see the downside to this besides the healthcare industry losing billions in revenue? Im sure the loss of taxable income generated by the health care industry could not be replaced by increased Fitness club & health program etc. revenues, but would this be such a bad thing? Would our economy crash without our very own dependence on excessive overpriced healthcare?
Contact your congressman to show your support for the Personal Health Investment Today Act of 2009 (PHIT Act or HR 2105)!
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