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Old Yesterday, 12:01 AM
Status: "45 is a Puppet" (set 9 days ago)
 
18,320 posts, read 11,220,844 times
Reputation: 9621

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Quote:
Originally Posted by Katarina Witt View Post
May you live to see your children's children. Maybe then you'll have a little more empathy for old people, when you are one yourself. You never answered my point about how the money we all pay in is invested, and grows. That would defeat your statistics.
Someone else already answered the question, didn't think it needed to be repeated. Invest? Please. We are borrowing billions from China. In fact we are borrowing money from China to pay farmers not to sell to China, it's that crazy. The premise of the OP was that that seniors are somehow being cheated on when in fact, seniors are very heavily subsidized by all, not just middle class, taxpayers. When presented with the facts, the accusation is that raw numbers lack empathy. No, they are simply the facts. Seniors don't pay for all the health care benefits they receive.

Health care coverage for seniors is very very expensive and will only get more expensive. It only takes ten years of contribution to qualify for Medicare so it is possible to contribute ten years at minimum wage to receive Medicare from 65 on. One person could contribute $10K in Medicare taxes and receive $500K in health care benefits. They wouldn't pay for that, working taxpayers would.
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Old Yesterday, 07:33 AM
 
66,785 posts, read 30,532,252 times
Reputation: 8727
Quote:
Originally Posted by Natnasci View Post
You're missing one important fact.

What does US medicare have to do with the Canadian Healthcare system?

NOTHING.
Some idiotic Canadians are claiming that if Canada can provide national health care, so can the US. What they DON'T say is that Canadian health care doesn't cover everything so 75% of Canadians buy or earn supplemental private health insurance to cover what Canadian national health care doesn't.
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Old Yesterday, 09:15 AM
 
8,941 posts, read 3,969,450 times
Reputation: 1736
Quote:
Originally Posted by serger View Post
Ok, so why everybody else pays less? Nobody else spends 20 % of gdp on HC, nobody.
Less waits, more facilities, more specialty care, more things covered, more profits, all cost more.
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Old Yesterday, 09:27 AM
 
8,941 posts, read 3,969,450 times
Reputation: 1736
Quote:
Originally Posted by Seacove View Post
Someone else already answered the question, didn't think it needed to be repeated. Invest? Please. We are borrowing billions from China. In fact we are borrowing money from China to pay farmers not to sell to China, it's that crazy. The premise of the OP was that that seniors are somehow being cheated on when in fact, seniors are very heavily subsidized by all, not just middle class, taxpayers. When presented with the facts, the accusation is that raw numbers lack empathy. No, they are simply the facts. Seniors don't pay for all the health care benefits they receive.

Health care coverage for seniors is very very expensive and will only get more expensive. It only takes ten years of contribution to qualify for Medicare so it is possible to contribute ten years at minimum wage to receive Medicare from 65 on. One person could contribute $10K in Medicare taxes and receive $500K in health care benefits. They wouldn't pay for that, working taxpayers would.
We buy stuff from China and pay with USD's. China can save or spend those USD's or exchange for US Treasuries if they so desire. Lately China has been spending and not accumulating Treasuries.

https://ticdata.treasury.gov/Publish/mfh.txt

With Trumps tariffs, we the people are essentially paying more focused taxes on goods imported from China. One could say that some of those taxes are being redistributed to farmers. But when things get mingled in the General Fund, it gets very fuzzy.

You can bet that China does this sort of focused subsidizing too, but secretly and in mass quantities. They can effectively neutralize any tariff, and this is probably why Trump states that China is paying for the tariff.

Our Medicare seniors get about a one third discount, subsidized by Federal taxes, fees and fines. Plus some degree of federal deficit spending.

IMO our middle class should get a similar HC discount.
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Old Yesterday, 09:32 AM
 
66,785 posts, read 30,532,252 times
Reputation: 8727
Quote:
Originally Posted by MrGompers View Post
You are conveniently forgetting that the SS and medicare taxes (aka self employment taxes) are 100% deductible from your gross income. So no you guys are not paying double.

Capiche ?

https://www.irs.gov/taxtopics/tc554
That's just a tax deduction, not a tax credit. BIG difference. What that means is that such a person doesn't pay only the equivalent percentage of their effective federal income tax rate for both shares of FICA.

Example: $200,000 self-employed earner with a 23% effective federal income tax rate pays 77% of both Shares of FICA ($24,800)

So, while a $200,000 employee would pay $12,400 in FICA, a self-employed $200,000 earner paying a 23% effective federal income tax rate would pay $19,096. It's known as the self-employment tax.

Quote:
There's no way you guys are paying well into six figures on medicare taxes.
Given what I just explained to you, above, it's actually quite possible for such persons to do so.
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Old Yesterday, 10:07 AM
 
Location: Foot of the Rockies
87,120 posts, read 102,914,544 times
Reputation: 33171
Quote:
Originally Posted by Hoonose View Post
Less waits, more facilities, more specialty care, more things covered, more profits, all cost more.
Yes, I just have to laugh when Sanders starts talking about drug coverage, hearing aids, dental care, nursing home and this is all going to cost less than it does now. More benefits = more costs. There is no way to get around that.

I do favor a UHC, but I'm not stupid. I know it will cost more, and that's OK.
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Old Yesterday, 10:09 AM
 
Location: US
18,076 posts, read 17,962,092 times
Reputation: 14059
A better way to go about funding universal health care would be to create a national sales tax. Consumption taxes work best for these types of things, everyone pays for it as well, so it's fair.
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Old Yesterday, 10:31 AM
 
37,345 posts, read 16,242,778 times
Reputation: 8491
Quote:
Originally Posted by k374 View Post
So how does Kamala Harris intend to pay for her Medicare For All plan? Tax households making $100k or more (which is squarely middle class in most HCOL areas) and charge taxes on stock trades which is again arbitrary theft from many hardworking middle class folks who are diligently trying to save in their 401k and other accounts for retirement. Disgusting and despicable!

https://www.foxbusiness.com/politics...ill-pay-for-it

"Harris’ rollout is a 3-part plan covering all medical essentials exempting households below $100,000, a higher income threshold for middle-class families living in high-cost areas"

$100,000/yr is NOT high income in high-cost areas!! Is this woman on drugs?

"To pay for these changes, she will tax Wall Street stock trades at 0.2%, bond trades at 0.1%, and derivative transactions at 0.002%."

Yeah, let's become another Europe where the government just steals and pillages from private enterprises and business, look how well it's worked for them... record unemployment, record negative business activity, horrible economies that they have not been able to jumpstart in decades.
"When you ROB Peter to PAY Paul AND David, Paul AND David will vote for you EVERY TIME!"
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Old Yesterday, 10:33 AM
 
37,345 posts, read 16,242,778 times
Reputation: 8491
Quote:
Originally Posted by what'd i miss View Post
Mcconnel allowed the middle class to be taxed in perpetuity to pay for Trumps tax cut for the rich.
Harris or whoever must work to abolish that.

Mcconnel and Paul Ryan jump ahead of Trump in the traitor category.
"Mcconnel allowed the middle class to be taxed in perpetuity to pay for Trumps tax cut for the rich."


Around 80% of ALL taxpayers got a tax CUT. And we are called the UN-educated!
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Old Yesterday, 11:28 AM
 
1,839 posts, read 1,007,018 times
Reputation: 893
Quote:
Originally Posted by Hoonose View Post
Less waits, more facilities, more specialty care, more things covered, more profits, all cost more.
?
We are talking about the total HC expenditures per person.
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