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Tax Sept 2018 - "Would a $1,000 Tax Deduction get you in the Gym?"

Tax Sept 2018 - "Would a $1,000 Tax Deduction get you in the Gym?"

Tax Sept 2018 - "Would a $1,000 Tax Deduction get you in the Gym?"

Excerpt 


Would a $1,000 Tax Deduction get you in the Gym?



America is one of the heaviest societies in the entire world. Two-thirds of Americans are classified as obese or overweight using Body Mass Index as a measurement. These aren’t just ugly statistics; medical conditions linked to obesity caused more than 100,000 deaths in 2017.

On top of all of this, obesity-related medical issues are a very expensive problem, costing society more than $190 million annually in preventable costs.

What’s the Solution?

At this point you’re probably thinking, OK, so what do we do about it? Basically, at a societal level, the core of the issue is what can the government do to motivate or incentivize diet and exercise, if anything? (Please, indulge me here and leave aside the argument over whether or not the government should even get involved in something like this.) Perhaps making gym memberships or fitness equipment tax deductible would help?...........



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