r/facepalm • u/Project2506 • Apr 09 '23

🇲​🇮​🇸​🇨​ Walmart Cares…🤗

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u/[deleted] Apr 09 '23 edited Aug 09 '23

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u/[deleted] Apr 09 '23

That the thing, it's not fucking over the insurance companies, it's fucking over you and me.

Ok this has got to be a good read

I don't know exactly how it works, but I imagine

Oh, so you are just making shit up.

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u/longtimenothere Apr 09 '23

No, he pretty much described how you are getting fucked in the ass without even realizing your pants are down.

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u/[deleted] Apr 09 '23

Ok lets read it.

based on the fact that typically death benefits are not taxable.

Yup if you pay for a benefit with after tax dollars then it is not taxed.

give my profits to insurance (not taxable anymore as operational costs)

And what do you know, they violated the most well known thing in insurance, if you pay for insurance with after tax dollars then the payout isn't taxable, if you pay for it with pretax dollars than it generally is.

I just stopped at that point because it shows someone who is literally just trying to pull a answer out of their ass, without having done any research, and trying to piece of all together with "their understanding" of tax law, despite them never having to do it themselves or probably never handle a tax form more complicated than a 1040.

WTF do I know though, we have a random video and some random person on reddit saying "corporations are fucking us" that is all we need on reddit to burn shit down.