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Old Yesterday, 11:11 PM
 
Location: California
30,755 posts, read 33,602,220 times
Reputation: 26219

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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.
It's not high income in her own State (CA) and she knows it. But I guess getting rid of the middle class entirely is part of the appeal for her.
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Old Today, 01:14 AM
 
66,785 posts, read 30,532,252 times
Reputation: 8727
Quote:
Originally Posted by MrGompers View Post
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.
I gave an example. $200,000 self-employed earner paying a 23% effective federal income tax rate pays $4,466 in Medicare tax per year. It takes just over 22 years to hit the $100,000 mark in Medicare taxes paid. Many S-corp or LLC owners earn even more than $200,000/year.
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