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Old 12-30-2013, 06:13 AM
 
Location: Fredericktown,Ohio
7,168 posts, read 5,368,672 times
Reputation: 2922

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Quote:
Originally Posted by HappyTexan View Post
Consultants have recommended both a payroll tax and consumption tax/state tax to pay for it.
The numbers they threw around was 19% additional payroll tax..11% on the employer and 8% on the employee and a 1% tax on gross income.

Now that's today. Vermont is looking to implement this in 2017 which is 4 years out so it could be higher than 19% as time goes on.

Also Vermont is relying heavily on Fed money to subsidize this.

http://www.thesolutionsjournal.com/node/23903
:: Vermont for Single Payer
We will witness this experiment from the states which I am for. It will be interesting too see the economic impact of high taxation to keep the system afloat. 9% is a good chunk of money that will not be there for retail spending and the effect on employment should not be good.

When you say Vermont is relying heavily on federal subsidies are you referring too that the state will kick every one on Medicaid that qualifies?

 
Old 12-30-2013, 08:04 AM
 
Location: Vermont
11,761 posts, read 14,661,252 times
Reputation: 18534
Quote:
Originally Posted by BentBow View Post
Take my tax dollars and use them for those that refused to take care of themselves.
Don't you know that's what your insurance company does?
 
Old 12-30-2013, 08:07 AM
 
Location: Great State of Texas
86,052 posts, read 84,519,997 times
Reputation: 27720
Quote:
Originally Posted by Swingblade View Post
We will witness this experiment from the states which I am for. It will be interesting too see the economic impact of high taxation to keep the system afloat. 9% is a good chunk of money that will not be there for retail spending and the effect on employment should not be good.

When you say Vermont is relying heavily on federal subsidies are you referring too that the state will kick every one on Medicaid that qualifies?
Yes, Fed money for medicaid and obamacare money is part of Vermont's budget for their plan.

Vermont already gets over $400 million a year and there's new Obamacare money they will get next year as well.


Vermont a “Petri Dish” for Nationwide Single Payer
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