Tag: tax incentives
Government already provides either health insurance or tax incentives. As the health care debate proceeds, the thing that strikes me most is the complexity of our current system. Obamacare is clearly a compromise – suggested originally by the Heritage Foundation – that builds on our existing employer-based system and Medicaid. It can, and does, work…
Abstract The U.S. government subsidizes retirement saving through 401(k) plans with $61.4 billion in tax expenditures annually, but the question of whether these tax incentives are effective in increasing saving remains unanswered. Using longitudinal U.S. Social Security Administration data on tax-deferred earnings linked to the Survey of Income and Program Participation, the project examines whether…