The budget 2008 is in, and as I consider myself as an amateur investor I have been following it rather keenly. The budget day has gone by and now the so called "experts" are opining regarding what the Finance Minister has done. Amongst other things is this proposal where the Government gives you a tax break if you foot the bill for your parent's health insurance. After the whole debate on the issue our man comes up with a gem at the end of the show where he goes "now you can save money when you take care of your aged parents", whats wrong you ask? Well here is what is wrong we are more interested in the monetary benefit rather than the "taking care of your parents" part and the media is tooting that horn. Rather than saying "hey folks if you are taking care of your parents (who by the way have taken care of you all your life) the government now rewards you for it", it is being advertised as "Hey you know how you can save some more dough? Take care of your folks!", and if you still don't get what I'm trying to say go back 20 years your folks definitely didn't get any tax rewards for taking care of you!
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