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URL:  http://boards.fool.com/hi-resn-i-dont-understand-how-folks-come-to-the-30771057.aspx

Subject:  Re: Big Problems wth LongTermCare Insurance Date:  7/11/2013  1:14 PM
Author:  Dwdonhoff Number:  72560 of 76094

Hi ResN,

I don't understand how folks come to the conclusion that the government should somehow protect people from having to use their own money for nursing home stays. Before the taxpayer picks up the tab, the person in need of nursing home care should be forced to exhaust all of their personal funds.

There is *THAT* extreme argument; That everyone should experience purely and exactly what they can personally afford, regardless how plush or brutal it may be. In many ways, I lean in support of that "pure accountability" perspective, at least in principal. Beyond basic principal though, that's a pretty hardline approach.

Then there is "how the real world actually is, today."

I propose that directly collected tax-paid benefits (stuff an individual receives directly and disproportionately from anyone else... i.e. such as individual health care) is functionally a refund of directly paid taxes, which are taken from that individual disproportionately from anyone else (i.e. income, or sales, or activity taxes... versus monetary inflation which is a tax on all cash holders.) They are not a "gift" from the government, nor a reduction from society's purse-bank... but your own money, in refund.

In essence, then... using all legal and structural means to both pay as little taxes as possible, and recover as much tax refunds as possible, is ethical, moral, just and right.

“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes. Over and over again the Courts have said that there is nothing sinister in so arranging one's affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike, and all do right, for nobody owes any public duty to pay more than the law demands.”
Learned Hand (1872-1961), Judge, U. S. Court of Appeals


Because of this, I believe it is appropriate and wise to use every strategy provided in the tax code (after all, the exemptions & provisions are written into the code intentionally... attorneys *NEVER* add words they don't fully intend) to get as much tax refund to cover any expenses possible.

That's just my 2 cents... and if I can get it matched by tax refunds, I will!

Dave
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