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Old Yesterday, 12:54 PM
 
Location: Metro Seattle Area - Born and Raised
734 posts, read 299,683 times
Reputation: 1803

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I'm a blue collar middle-class worker who knows, with or without any spinning of the facts, that it will be the middle-class that will get stuck with this huge nex tax increase.

Nobody can lie their way through this and convince me otherwise. Seriously, it's basic math.

Only half of America pays any federal income taxes, which is another fact. As for taxing the rich, yeah, that's sounds good... Stick it to the man!!! But!! The rich can AND will do something the middle-class can't do... Surrender their US passports/US citizenship and move themselves AND all their money to a more tax friendly country. And no, the government cannot stop them. So, again, you know it's going to be the middle-class getting screwed on this one.

No lie can convince me otherwise.

What I do know, if the Democrats win in 2020, I'm immediately cashing in my 401K accounts and do my best to shelter "MY" money that "I" worked all my life for. And screw all this group hug, singing and sharing since that means I'm getting screwed in this deal, while half of America... If not more with unchecked immigration, will not pay for or share in the painful suffering of this new and huge tax increase.

...Count me out of this one and yes, the Democrats have effectively pushed me into voting for Trump, since basically, he will do less damage to my wallet.
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Old Yesterday, 01:23 PM
 
Location: Foot of the Rockies
87,120 posts, read 102,914,544 times
Reputation: 33171
Quote:
Originally Posted by bergun View Post
I'm a blue collar middle-class worker who knows, with or without any spinning of the facts, that it will be the middle-class that will get stuck with this huge nex tax increase.

Nobody can lie their way through this and convince me otherwise. Seriously, it's basic math.

Only half of America pays any federal income taxes, which is another fact. As for taxing the rich, yeah, that's sounds good... Stick it to the man!!! But!! The rich can AND will do something the middle-class can't do... Surrender their US passports/US citizenship and move themselves AND all their money to a more tax friendly country. And no, the government cannot stop them. So, again, you know it's going to be the middle-class getting screwed on this one.

No lie can convince me otherwise.

What I do know, if the Democrats win in 2020, I'm immediately cashing in my 401K accounts and do my best to shelter "MY" money that "I" worked all my life for. And screw all this group hug, singing and sharing since that means I'm getting screwed in this deal, while half of America... If not more with unchecked immigration, will not pay for or share in the painful suffering of this new and huge tax increase.

...Count me out of this one and yes, the Democrats have effectively pushed me into voting for Trump, since basically, he will do less damage to my wallet.
Since virtually all countries have UHC, that plan (in bold) won't work too well.
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Old Yesterday, 01:23 PM
 
3,614 posts, read 710,908 times
Reputation: 2564
Quote:
Originally Posted by Katarina Witt View Post
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.
It's the same ridiculous lie that Obama promised: more people will get insurance, the insurance will cover more, and it will all be cheaper!
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Old Yesterday, 08:24 PM
 
Location: Connecticut
3,925 posts, read 3,058,634 times
Reputation: 2598
Quote:
Originally Posted by InformedConsent View Post
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.

Given what I just explained to you, above, it's actually quite possible for such persons to do so.

Very few people will ever pay "well into six figures in Medicare tax" I already provided examples with math based on a 100k a year salary. The tax is 1.45% which is $1,450 per 100k earned W-2 income. Very few people are earning that type of salary consistently for 40+ years straight.


FICA includes social security. SS is only paid on the first 125k in earnings for single tax filers. So your numbers are incorrect. We are only discussing medicare taxes. That is $1,450 per 100k if one pays both sides that is $5,800 on a 200k income. And I havent' accounted for the tax deductions yet.
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Old Yesterday, 08:30 PM
 
Location: Connecticut
3,925 posts, read 3,058,634 times
Reputation: 2598
Quote:
Originally Posted by bergun View Post
I'm a blue collar middle-class worker who knows, with or without any spinning of the facts, that it will be the middle-class that will get stuck with this huge nex tax increase.

Nobody can lie their way through this and convince me otherwise. Seriously, it's basic math.

Only half of America pays any federal income taxes, which is another fact. As for taxing the rich, yeah, that's sounds good... Stick it to the man!!! But!! The rich can AND will do something the middle-class can't do... Surrender their US passports/US citizenship and move themselves AND all their money to a more tax friendly country. And no, the government cannot stop them. So, again, you know it's going to be the middle-class getting screwed on this one.

No lie can convince me otherwise.

What I do know, if the Democrats win in 2020, I'm immediately cashing in my 401K accounts and do my best to shelter "MY" money that "I" worked all my life for. And screw all this group hug, singing and sharing since that means I'm getting screwed in this deal, while half of America... If not more with unchecked immigration, will not pay for or share in the painful suffering of this new and huge tax increase.

...Count me out of this one and yes, the Democrats have effectively pushed me into voting for Trump, since basically, he will do less damage to my wallet.



Renouncing US citizenship isn't as easy as you think. Its also near impossible for a wealthy person to completely divest themselves from US income especially investment income. A person needs to have a social security number or tax payer ID to receive investment income. If they do not have one the custodian must with hold tax automatically. If the investor wants that tax back they have to file a tax return.


IF it was that easy all the billionaires would have done it already.
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Old Yesterday, 08:59 PM
 
Location: Stillwater, Oklahoma
15,149 posts, read 13,414,383 times
Reputation: 4627
Quote:
Originally Posted by bergun View Post
I'm a blue collar middle-class worker who knows, with or without any spinning of the facts, that it will be the middle-class that will get stuck with this huge nex tax increase.

Nobody can lie their way through this and convince me otherwise. Seriously, it's basic math.

Only half of America pays any federal income taxes, which is another fact. As for taxing the rich, yeah, that's sounds good... Stick it to the man!!! But!! The rich can AND will do something the middle-class can't do... Surrender their US passports/US citizenship and move themselves AND all their money to a more tax friendly country. And no, the government cannot stop them. So, again, you know it's going to be the middle-class getting screwed on this one.

No lie can convince me otherwise.

What I do know, if the Democrats win in 2020, I'm immediately cashing in my 401K accounts and do my best to shelter "MY" money that "I" worked all my life for. And screw all this group hug, singing and sharing since that means I'm getting screwed in this deal, while half of America... If not more with unchecked immigration, will not pay for or share in the painful suffering of this new and huge tax increase.

...Count me out of this one and yes, the Democrats have effectively pushed me into voting for Trump, since basically, he will do less damage to my wallet.
If the plan means you don't have to pay premiums any more to a private health insurance company, it might also mean you would be paying less for health care with better benefits. If that is true, then the plan must be promoted in that way.
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Old Yesterday, 09:10 PM
 
8,941 posts, read 3,969,450 times
Reputation: 1736
Quote:
Originally Posted by Rachel976 View Post
It's the same ridiculous lie that Obama promised: more people will get insurance, the insurance will cover more, and it will all be cheaper!
The only way for that to happen is with either more conventional federal deficit spending, or some new central HC related money creation program. And by cheaper, I mean per family.
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Old Yesterday, 09:16 PM
 
8,941 posts, read 3,969,450 times
Reputation: 1736
Quote:
Originally Posted by serger View Post
?
We are talking about the total HC expenditures per person.
Possibilities include dental, optical, hearing, home or nursing home care as mentioned.
More specialists per patient mean more is done per patient.
Broader and more inclusive coverage like drugs, testings, treatments means more is done.
If easy enough access is provided more things commonly left undone will be done.
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Old Yesterday, 10:29 PM
 
8,581 posts, read 7,739,212 times
Reputation: 8162
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


There's no way you guys are paying well into six figures on medicare taxes.
Sounds more like you are talking about the "self employed" who 1099 themselves.
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Old Yesterday, 11:09 PM
 
8,581 posts, read 7,739,212 times
Reputation: 8162
Quote:
Originally Posted by Seacove View Post
Based on what data? It's not like health care has become cheaper. Bottom line is Medicare recipients have not paid in enough to cover the health benefits they receive. They depend on taxpayers to cover the rest, so this "it's unfair to the elderly" is untrue. The elderly are much expensive and taxpayers are paying for them.
Same can be said for pensions.

How do you feel about the dem candidates who want to include illegals, in their "medicare for all" plans?

Push Citizen Granny off of a cliff so illegals can have "free" health care?


Quote:
Few seniors have actually paid for their Medicare benefits. According to an Urban Institute estimate, the typical retired couple paid $122,000 in lifetime Medicare taxes but can expect to receive benefits worth $387,000.
https://www.washingtonpost.com/news/...=.977a39c2bd2d
So give the seniors BACK what they contributed over the years, and WITH interest.

Last edited by Informed Info; Yesterday at 11:30 PM..
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