81% Tax Increase...

[Zeb_Carter]

Are you ready for it? It's gonna come whether you are or not. An increase of 81%. Taxes we are talking taxes here.

Read about it here.

 

[cloudy]

"The sky is falling! The sky is falling!"

 

[Zeb_Carter]

According to a Rasmussen poll, 32% of Americans say they'd be willing to pay higher taxes so that the government could provide health insurance for all Americans.

Now that's a rather interesting statistic when you consider the fact that almost 50% of Americans don't pay income taxes in the first place.

 

[cloudy]

Now that's a rather interesting statistic when you consider the fact that almost 50% of Americans don't pay income taxes in the first place.

Proof?

 

[Zeb_Carter]

"The sky is falling! The sky is falling!"

It is? Where? It's bright and sunny in Texas.

 

[cloudy]

It is? Where? It's bright and sunny in Texas.

That's exactly what you sound like. Don't play stupid.

 

[Zeb_Carter]

Proof?

Proof!

More...

Another article on taxes...

 

[CharleyH]

Are you ready for it? It's gonna come whether you are or not. An increase of 81%. Taxes we are talking taxes here.

Read about it here.

I am not afraid. I saw my Uni fee increase from $1500 to $3000 in one year. I still plugged on and I made it.

 

[The_Fool]

According to a Rasmussen poll, 32% of Americans say they'd be willing to pay higher taxes so that the government could provide health insurance for all Americans.

Now that's a rather interesting statistic when you consider the fact that almost 50% of Americans don't pay income taxes in the first place.

Who do you think those 50% are, Zeb?

 

[JAMESBJOHNSON]

The healthcare scheme is a scheme to promise you something in order to get your cash. Its no different from the Social Security flim-flam. Obama is taking a page from the Roosevelt years, to get cash to run the government.

If you ever do get government healthcare (that you and your employer pay for and the government borrows) you'll have to pay income taxes on the benefits....just like Social Security.

 

[Zeb_Carter]

Who do you think those 50% are, Zeb?

Gee I don't know? It's sure not me. My tax liability each year would make a horse choke.

 

[Liar]

Read about it here.

I have no idea what that guy is of whether he's right or not.

But jesus, could he possibly have picked a more creepy looking byline pic? It's like a mix between a teddy bear and a comic book super villain.

 

[The_Fool]

Gee I don't know? It's sure not me. My tax liability each year would make a horse choke.

I did some research because it raised my curiosity. Here are some of the things I found:

If you live exclusively on Social Security with little or no additional income, you don't even file a tax return. I am sure that this group is going to grow as a percentage as the baby boomers retire over the next twenty years. Also as the life expectancy continues to grow, this group will grow as well.

A single person has to make at least $9,000 before they have to file.

A single parent with two children under 17 has to make over $21,000 taxable income before they might have to pay. Other rules apply.

A married couple with two children under 17 have to make over $27,000 taxable income before they might have to pay. Again, other rules apply.

A married couple with four children under 17 have to make over $36,000 taxable income before they might have to pay. Again, other rules apply.

The numbers above for HOH and Married are roughly 133% of Poverty Level. Poverty level for a family of four is approximately $20k.

Numbers above ignore itemized deductions and EIC.

Median Income for the US is aproximately $50k.


Interesting data.

 

[Huckleman2000]

That article uses particularly dodgy math to hyperbolize the point. For example, an increase from 1% to 1.5% is a 50% increase, but it's very different from going from 40% to 60%, which would also be a 50% increase. Plus, he's basing all his numbers on forecasts, not actual results. I'm sure there are other factors and assumptions in the forecasts that could have a larger effect on them than tax rates. I wouldn't put it past this writer to argue that lower taxes will actually boost the economic growth rate in the forecast, so that it appears the shortfall will disappear.

At any rate, if you're rich enough that all you care about is how much you pay in taxes, fuck y'all. You don't deserve it. No one does.

 

[DeeZire]

A single payer health care system would save 400 billion per year. If you're truly concerned about taxes, there's your solution.

 

[SimonBrooke]

"The sky is falling! The sky is falling!"

I'm with Cloudy here.

The British National Health Service treats everyone, yet it costs per head less than a third what US health care costs (even allowing for the fact that US 'health care' leaves a huge number of people unprotected). We hear that US healthcare businesses are saying 'look how terrible the British system is'...

Well let me tell you, it isn't. It's absolutely amazingly brilliant. Yes, there are a few scandals, a few failures in a few places - but so there are under US healthcare. There are some problems. But no political party in Britain - not even Mrs Thatcher at her most Mammon-worshipping fundamentalism - has dared to stand against it. Why not? Because they'd be flattened in the elections. We know that if we're injured we can go to any hospital anywhere in the country and we will just get treated. No forms. No questions about insurance. No credit checks. No debts. No bills. Just (mostly) excellent treatment by (mostly) dedicated staff in (mostly) well equipped facilities. We are not going to vote to change that.

That's what we've got. That's what you could have. Yes, your taxes would go up - a bit. But, if you have healthcare insurance now, your overall outgoings would come down sharply. It's just so much cheaper to provide healthcare when you don't have all the overheads of all that bureaucracy. And if you don't have healthcare insurance now, well, your taxes will go up - a bit. But you never need worry about getting ill, or having an accident, again.

 

[Zeb_Carter]

That article uses particularly dodgy math to hyperbolize the point. For example, an increase from 1% to 1.5% is a 50% increase, but it's very different from going from 40% to 60%, which would also be a 50% increase. Plus, he's basing all his numbers on forecasts, not actual results. I'm sure there are other factors and assumptions in the forecasts that could have a larger effect on them than tax rates. I wouldn't put it past this writer to argue that lower taxes will actually boost the economic growth rate in the forecast, so that it appears the shortfall will disappear.

At any rate, if you're rich enough that all you care about is how much you pay in taxes, fuck y'all. You don't deserve it. No one does.

So if I earn enough to have a tax burden I don't deserver what I work for? Well fuck you and the horse you road in on!

 

[Zeb_Carter]

A single payer health care system would save 400 billion per year. If you're truly concerned about taxes, there's your solution.

And if the health insurance industry followed the car insurance industry you would have a policy for life or until you found a better deal. And it would be inexpensive.

 

[SimonBrooke]

So if I earn enough to have a tax burden I don't deserver what I work for? Well fuck you and the horse you road in on!

H'mmmmm.... what is the 'lit' in 'literotica' about? I seem to have forgotten.

But seriously, no, you don't. The dice fell well for you. Do you deserve that the dice should fall well for you? No, you don't. It's just luck. And don't start whimpering about how you 'work hard'. There are a hell of a lot of people a lot poorer than you who work a lot harder. So why are they poorer? Because you got lucky, and they didn't. None of us 'deserve' where we were born or who we were born to. Very few of us 'deserve' the schooling we get. On the whole we don't 'deserve' the illnesses we get, nor the slings and arrows outrageous fortune showers down upon us. Because that is the point. Fortune is outrageous. It showers wealth on some and poverty on others, quite regardless of desert.

You got lucky. Give a little back, because there (but for the grace of chance) go you.

 

[Liar]

That's what we've got. That's what you could have. Yes, your taxes would go up - a bit. But, if you have healthcare insurance now, your overall outgoings would come down sharply. It's just so much cheaper to provide healthcare when you don't have all the overheads of all that bureaucracy. And if you don't have healthcare insurance now, well, your taxes will go up - a bit. But you never need worry about getting ill, or having an accident, again.

Wait, I'm confused. Doesn't the taxation-phobes on this forum always claim that public healthcare would be disastrous because of all that horrible, horrible, guv'mint buerocracy?

 

[JAMESBJOHNSON]

I was correct.

According to the business news this morning, Senate Democrats want to tax health insurance as income and end tax deductions for out of pocket expenses...co-pays and stuff insurance doesnt cover.

 

[SimonBrooke]

Wait, I'm confused. Doesn't the taxation-phobes on this forum always claim that public healthcare would be disastrous because of all that horrible, horrible, guv'mint buerocracy?

The point is you get to replace half a dozen different private bureaucracies with competing aims with one single bureaucracy with one aim. So you don't have to pay for the other five.

 

[JAMESBJOHNSON]

What an idiot.

One government agency is a lot easier to corrupt and mismanage.

It likely never occurred to you that we have 5 military organizations: ARMY, NAVY, MARINES, AIR FORCE, COAST GUARD for the reasons I cite. One agency could do it all, but 5 makes it tougher for morons and thieves and politicians and asshats THIS WOULD BE YOU to fuck with.

 

[DesertPirate]

I did some research because it raised my curiosity. Here are some of the things I found:

If you live exclusively on Social Security with little or no additional income, you don't even file a tax return. I am sure that this group is going to grow as a percentage as the baby boomers retire over the next twenty years. Also as the life expectancy continues to grow, this group will grow as well.

A single person has to make at least $9,000 before they have to file.

A single parent with two children under 17 has to make over $21,000 taxable income before they might have to pay. Other rules apply.

A married couple with two children under 17 have to make over $27,000 taxable income before they might have to pay. Again, other rules apply.

A married couple with four children under 17 have to make over $36,000 taxable income before they might have to pay. Again, other rules apply.

The numbers above for HOH and Married are roughly 133% of Poverty Level. Poverty level for a family of four is approximately $20k.

Numbers above ignore itemized deductions and EIC.

Median Income for the US is aproximately $50k.


Interesting data.

The 50% number is after deductions and EIC. Many just receive refunds and end up paying zero.

 

[DesertPirate]

The point is you get to replace half a dozen different private bureaucracies with competing aims with one single bureaucracy with one aim. So you don't have to pay for the other five.

But they won't replace any of them. They will still exist and we still pay for them. No Govt worker will lose a job over this. There will be more hired. Look at the latest job numbers, the most jobs filled in the last month were Govt.