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Latest post 12-02-2006 11:01 AM by Admin003. 6 replies.
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  • 01-01-2001 12:00 AM

    2006 House Bill 5838 (Revise early IRA witdrawal for medical expenses)

    Introduced in the House on March 7, 2006, to permit taxpayers, in determining Michigan income tax, to subtract early distributions made from an IRA for certain medical expenses

    The vote was 85 in favor, 23 opposed and 2 not voting

    (House Roll Call 1102 at House Journal 88)

    Click here to view bill details.
  • 03-14-2006 7:18 AM In reply to

    Don't we just give them everything they will ever need. That will be a great incentive for them to join the workforce. The socialist utopia is coming soon. I for one can't wait, I'm tired of working, it's time for a few 40's and a nap.
  • 03-14-2006 7:36 AM In reply to

    Your comment...

    ...hit the nail right on the head. Welfare, SSI disability, etc. were never intended to be a way of life but a temporary boost to help people over the rough areas. Unfortunately, our society has now turned into the great escape of responsibility. I for one would rather be at home raising my children while my husband works to pay the bills. Unfortunately, we both have to work to pay the taxes, etc. to support the folks who refuse to work. I'm tired of it! Let them get up every day and go to work the same as I do. No high paying jobs out there, they say? Then you do what every other working American has done -- start at the bottom and work your way up.
  • 03-14-2006 11:12 PM In reply to

    More Giving

    Maybe they could use my paycheck??? If the government would cut back on their spending, they could bring home enough money to pay the bills. The government was never intented to be what it has become. Big and Greety.
  • 06-05-2006 5:55 PM In reply to

    zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzState Representative John Garfield

    My wife was facing a stem cell transplant. After her transplant we were faced with a Tax statement for withdrawing a small IRA for her in home care while I had to work at the Capital. Our accountant while doing our Taxs, had me write a check to the State for an early withdrawal (10%). This was tantamount to taxing a life threatening illness. The bill will allow, as does the U.S. government, the ability for the state not to Tax you for your medical expenses, if you can provide the proof that the money was used for your health care needs. By the way, the State collected 2 million dollars from those who were ill, had depleated thier savings and had no other income while out of work, to pay for thier care.
  • 06-05-2006 5:56 PM In reply to

    zzzzzzzState Representative John Garfield

    My wife was facing a stem cell transplant. After her transplant we were faced with a Tax statement for withdrawing a small IRA for her in home care while I had to work at the Capital. Our accountant while doing our Taxs, had me write a check to the State for an early withdrawal (10%). This was tantamount to taxing a life threatening illness. The bill will allow, as does the U.S. government, the ability for the state not to Tax you for your medical expenses, if you can provide the proof that the money was used for your health care needs. By the way, the State collected 2 million dollars from those who were ill, had depleated thier savings and had no other income while out of work, to pay for thier care.
  • 12-02-2006 11:01 AM In reply to

    Rep. Bieda's "no vote explanation"

    Rep. Bieda, having reserved the right to explain his protest against passage of the bill, made the following statement: "Mr. Speaker and members of the House: Although I sympathize with the intent of this bill, and I understand the situation the sponsor of this bill personally found his family in, I thought this bill had the potential for a very expensive impact to the State Treasury. Certainly the estimated $2 million dollar impact has to be taken into consideration. But noting that taxpayers may need to tap into several different funds to pay for catastrophic medical expenses -- including wages, home equity loans, savings, IRAs, etc, it seems almost unfair to afford one means (IRAs) a special preferential tax treatment while excluding the other sources for the tax preference. Unfortunately, if we were to expand it to include all catastrophic medical expenses the bill could balloon to over $80 million dollars according to numbers provided by the Department of Treasury."
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