The Personal Health Investment Today Act of 2006 is currently under consideration in the House of Representatives. Since we are big fans of maintaining health rather than trying to fix health problems after they develop, we think this bill would be a great addition to our myriad of tax laws. Basically, it would allow Americans to use up to $1000/year in tax-deductible money to pay for gym memberships, exercise programs and equipment, and sports-league fees. There are already some health insurance policies in Colorado that reimburse for gym memberships, but it would be a step in the right direction to have a tax deduction available to everyone.
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