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The poor pay higher rates than the rich - state and local
They pay slightly higher rates - state and local, but MUCH lower amounts. PLUS they get MUCH more than the rich in state and local government services and benefits. Current effective tax rates; add them together to get the total burden:
Location: Just transplanted to FL from the N GA mountains
3,997 posts, read 4,145,823 times
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Quote:
Originally Posted by anifani821
You are thinking the same things I am!
I will see if I can find an explanation on all this b/c I have looked and so far, all I can find is charts showing what the salary qualifications (by number of people in family) . . . but no clearly defined statement saying . . . you won't have to pay that high premium every month.
Well its plain and simple then... If the consumer is only writing the check for the smaller amount... there should be NO credit on the 1040. And.. if there is.. the only figure that could be there would be the total dollars spent in total by the consumer. If they credit that.... it means the taxpayers are paying 100% of the premiums.... That does and would look like another EIC scam??????
They pay slightly higher rates - state and local, but MUCH lower amounts. PLUS they get MUCH more than the rich in state and local government services and benefits. Current effective tax rates; add them together to get the total burden:
Top quintile's total effective tax rate: 35.6%
Bottom quintile's total effective tax rate: 13%
Great info! Thank you!
I think everyone would be pleased to see our tax rates go down, or a flat rate for everyone up to a certain amount.
Our tax laws are such a mess . . . I read the other day how many new regs were created b/c of ACA and I thought - oh my - like we needed thousands more regs . . .
The big problem is that any healthcare reform or any form of healthcare be labeled "free". There is no such thing.
What we hoped for is a "shared" health care system. What we got was Obamacare. Not perfect, but a step in the right direction.
America isn't ready for what we really need. What we got was government regulation of health insurance industry. Too many , however, have no clue what it is and that is blamed on right wing pundits who have trashed it from its inception purposefully spreading misinformation and distortions about it.
Ironically, the model that we got was originally put forth by the conservative group Heritage Foundation that even stated that an individual mandate was needed. As we all know, Romney built the model of ACA in his home state. But, of course, when Obama was elected anything they were once for, they were suddenly against.
Facts are irrelevant. Any actual factual information pointed out to those that hold so tightly to their "hate" of Obamacare, is automatically dismissed as being "liberal" . Apparently facts have a liberal bias. .. LOL
I read the law, I have in on my Kindle and I'm FLOORED at how much misinformation and outright lies are thought to be fact out there.. its' quite sad really.
I think everyone would be pleased to see our tax rates go down, or a flat rate for everyone up to a certain amount.
Our tax laws are such a mess . . . I read the other day how many new regs were created b/c of ACA and I thought - oh my - like we needed thousands more regs . . .
I agree on a flat tax but the rich aren't fans of that or it would be in place.
Well its plain and simple then... If the consumer is only writing the check for the smaller amount... there should be NO credit on the 1040. And.. if there is.. the only figure that could be there would be the total dollars spent in total by the consumer. If they credit that.... it means the taxpayers are paying 100% of the premiums.... That does and would look like another EIC scam??????
I am so confused at this point . . . I guess the IRS will be tracking everything through our SS #s . . . and verifying that the people claiming the subsidies truly qualified.
I guess if you claim the subsidy and then let's say you get a bonus that puts you over the line with qualifications, you owe the IRS money to replace the subsidy they paid on your behalf.
Location: Just transplanted to FL from the N GA mountains
3,997 posts, read 4,145,823 times
Reputation: 2677
Quote:
Originally Posted by anifani821
I am so confused at this point . . . I guess the IRS will be tracking everything through our SS #s . . . and verifying that the people claiming the subsidies truly qualified.
I guess if you claim the subsidy and then let's say you get a bonus that puts you over the line with qualifications, you owe the IRS money to replace the subsidy they paid on your behalf.
?????
I'm just trying to follow the money trail.... It will be interesting to see which particular section of the 1040 this "credit" will be attached.... And you know that it will be one of those "worksheets" which make it impossible to follow in a simple way.
I'm just trying to follow the money trail.... It will be interesting to see which particular section of the 1040 this "credit" will be attached.... And you know that it will be one of those "worksheets" which make it impossible to follow in a simple way.
Of course! It wouldn't be the IRS, otherwise, lololol
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