Economist Quote by T.R. Reid
“If your employer pays your health insurance, that's not counted as income to you. And any economist would say that's your income, because they'd pay a higher wage if they didn't take it. That's a huge loss to the Treasury.”
About This Quote
Source Book: The Economics of Health Care by T.R. Reid, 2016
Employer‑provided health benefits are a non‑taxable fringe benefit, reducing taxable income but also lowering government revenue.
In simple terms: Health benefits are untaxed, costing the Treasury.
Recognize hidden tax implications of benefits.
Themes
Mood
Type
When to use this quote
- salary negotiations
- policy advocacy
- budget planning
Key Concepts
Questions to Reflect On
- How do benefits affect your take‑home pay?
- What reforms could address revenue loss?
Benefits can mask true compensation value.