Health Insurance Tax
Key Facts
Abbreviation
HIT
Pronunciation
/hɛlθ ˌɪnˈʃʊrəns tæks/
Category
Business
Related Field
Tax
Examples in Context
- This is unsurprising given the popularity of, say, the health insurance tax credit, or the mortgage interest subsidy.
- Coming out in favor of cutting the mortgage-interest deduction or the tax exclusion for employer-provided health insurance or the corporate tax break for new machinery is not so easy.
- However, it said the penalty imposed for not obtaining health insurance could reasonably be characterised as a tax.
- First, I propose a standard tax deduction for health insurance that will be like the standard tax deduction for dependents.
- Other measures should include gradually phasing out the tax subsidy on high-end health insurance, taxing Wall Street bank profits and bonuses, raising high-end marginal tax rates and, if necessary, introducing a small value added tax.
Other meanings of HIT
High Impact Technology
Computing
Health Information Technology
Academic