It motivates people to get healthy and saves them money at the same time. Only disadvantage would be because gyms would take advantage of this. However if you are simply gonna jog on it makes it worth it as u would save lots of Monnies. Jog on with Jon innit
Taxpayers must document income they earn and must also document medical, childcare and other expenses to receive tax credits, so it makes sense that they should have to do the same for an exercise tax credit. It is probably much easier than documenting most expenses since devices like FitBits and smartphones can basically perform this task. What is so egregious is that the government is actually considering granting tax credits for exercise.
Exercise is important. But you can't force someone to do it as a regular routine. A person would want to do it. However, it might be a good idea to create an incentive with a gift of a tax discount. What is unclear, is whether the discount applies to gym fees or just a regular exercise regime, such as basic walking or running every day where the fees only apply to purchasing your sneakers, etc...
Obesity levels in the United States are ever increasing. If there were a tax discount offered simply for documenting your exercise plan, I think more people would be willing to participate. It would be necessary to have strict rules on this discount, as people tend to lie to get more money, but I think it would be helpful.
While I can appreciate a reward-based system that encourages people to care about their health, I do not think a tax discount is necessarily the best way to go about it. Because our tax dollars go towards (or should be going towards) many different things like education, infrastructure, city programs, parks and recreation, etc. I would be concerned that we would be taking tax dollars away from things like that. A better alternative might be to reduce the cost of people's health insurance if they can show they have stuck to an exercise regimen, rewarding them financially for caring for their health. I think more people exercising would impact the health arena more than anywhere else, so the discounts should come from healthcare.