to Arlington, Virgina "Tax Analysts - tax information
1998 Kaiser wrote to the IRS ((LTR
9810005.html))to get special permission to hold the
package under the Kaiser non-taxed umbrella (501)(c)(3) to be released
to the Permanente physicians as they retired. Done in this
Permanente would not be taxed as the money accrued.
This is called
trust. This was a change from Permanente
simply billing for such payouts as they occurred. (It also
my question of why Southern California Kaiser Permanente Group chose
rather than following the corporate approach of Northern California
Permanente Medical Group or TPMG, Inc.)
other hand, this fund is not reachable by Kaiser
"The point of LTR 9810005 was for the doctors to have the promises
have the funds beyond the reach of creditors, have the setting aside of
the funds to go untaxed, and have the investment go untaxed.
the doctors sought to obtain the benefits of a qualified retirement
without the accompanying restrictions." (Page 1462 of Tax
23, 1998 by tax expert and author - Lee A Sheppard).
doctors get a printout of their stake in this fund at regular
The IRS allowed the exception but only on the marginal theory that the
public good might outweigh the private benefit.
Permanente physicians have an ENORMOUS reason to cut corners on
patient care at Kaiser. It is not only to have a good future
with which to bargain but it is to realize their own accumulated work
from the past. Since the retirement package at Kaiser is very
it is like having 25% of your salary held back to make sure you play
game right until the day you retire. And since you have no
at Kaiser, you serve to some extent on whim. In fact, they
away from the tenure approach of the past and run more on cooperative
- a perfect way to herd cats.
explains to me how a certain Kaiser physician in Fresno
was able to accumulate $500,000 in value from Kaiser just four years
of training in New York. Deposing him on rapid net gain
help, someday, to crack open this Death Star.
Chicago. As a city we took down the Chicago mob and Al
Capone through the IRS, not by catching each act of murder or deception
within the cult of silence. Kaiser is just another mob
within, extorting from, and killing off the middle class and their
Dr. Chuck Phillips