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Oh, and everybody does know that the rich pay NOTHING into social security, right? In fact, you don't even have to be "rich," per se. If you make over $100,000 (could be lower--I've forgotten the exact amount), you are exempt from paying social security tax.
That is not correct. Everyone pays into social security but there is an income cap.
Oh, and everybody does know that the rich pay NOTHING into social security, right? In fact, you don't even have to be "rich," per se. If you make over $100,000 (could be lower--I've forgotten the exact amount), you are exempt from paying social security tax.
In 2009 you will max out SS contributions at $6621.60 when your YTD income hits $106,800. (Self employed people pay more because they don't have a matching employer contribution. They are their own employers.)
Where did you come up with the 50% figure? Did you hear it on FOX?
I came up with that figure as an estimate of what it would take to fund coverage for the uninsured. Even at 50% taxes we would still be unable to make health care reform break even. We will increase the US debt. I will stop working and paying taxes if the government insists on taxing me more to pay for health care reform.
The uninsured are uninsured, because health care is UNAFFORDABLE for them.
Have you ever tried to purchase a health care policy outside of your work?
Depending on your age, health, etc. a full-coverage healthcare policy can cost an out-of-work or self-employed person anywhere from $300 - 600 a month ... or more.
Imagine being unemployed, and having to shell out the majority of your unemployment check for healthcare?
Obama wants FIX THE PROBLEMS in our present healthcare system to create AFFORDABLE policies, so everyone can be insured.
Right now, those with healthcare insurance are paying extra into their own policies to cover those that don't have coverage.
Obama is trying to make that go away, so that everyone in the entire country can afford at least minimal coverage, through a public insurance option.
Wrong. Obama expects hard working people to pay for coverage for people who don't work via increased taxes. I will quit working before I will contribute to his foolhardy plan.
Wrong. Obama expects hard working people to pay for coverage for people who don't work via increased taxes. I will quit working before I will contribute to his foolhardy plan.
Not only that but he has yet to explain how much it will cost or how it will be paid for....
Wrong. Obama expects hard working people to pay for coverage for people who don't work via increased taxes. I will quit working before I will contribute to his foolhardy plan.
Really? Maybe you can show me proof of this? A link to a website?
Oh, and everybody does know that the rich pay NOTHING into social security, right? In fact, you don't even have to be "rich," per se. If you make over $100,000 (could be lower--I've forgotten the exact amount), you are exempt from paying social security tax.
FALSE. ALL wages up to $106,800 a year are taxed at the exact same rate - 7.65%. Over that amount and you are only taxed at 1.45%, which is the Medicare portion of the 7.65% tax.
If you make over $100,000 you are not exempt.
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