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Author: PosNetWorth Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121341  
Subject: Re: Flexible Spending/Medical Expenses Date: 11/3/2003 5:28 PM
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Ira --

Thanks for your helpful responses. I am assuming, until someone yells that I am wrong, that the flexible spending amount limit is determined solely by the employer? I suppose that makes sense, since they're the ones who take the risks dispersing the money before it has been deposited.

If you don't like the current tax law, write to your Congresspeople and complain.

There are much bigger tax issues (in my state) on referendums on election day tomorrow; changing the entire tax code is one of my lower priorities. No, I don't like the current tax law, but I certainly haven't come up with anything better on my own. My main complaint is actually how difficult it is to understand.

And one thing I don't understand, to tell the truth, is why what constitutes "reasonable" medical expenses before you get to deduct them is indexed to income. Most people I know can pay every penny of their medical expenses out of a flexible spending account, and then wonder how to spend the rest at the end of the year. I'll have about $8K in post-tax medical bills, after flexible spending... Ick!

Complaining because we have to pay tax, though, is kind of a strange thing -- we're whining because we had income! Aargh! Better that than the opposite, anyway.

-- Laura
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