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PK, we are going around in circles here...usually you are level headed
how can you say with a straight face that "We have no idea what a new program would consist of as we do not have it", when MFA is NOT new, its just medicare expanded.... even Bernie said so himself
Bernie Sanders campaign did put this video on youtube last year.
I just wish her all the best, although I don't know how represntative of the US System the video is or how much Americans have to pay.
Last edited by Brave New World; 02-09-2019 at 02:50 PM..
Look, I know I'm wasting my time, but:
The "average US worker" already pays a lot in taxes: federal, payroll, sales, property, state. And then come the extra items: healthcare, retirement, daycare, college, family leaves. When you sum all of this up, it can easily exceed your magic 45% number for many in the middle class as of today.
Things need to be paid for, there is no free lunch.
BUT, as I also said, for somebody making millions, or 10s of millions, or more, it is much better to have all of these stay as extra items, because they would be negligible compared to income.
20k in daycare on a 100k income is 20% effective tax on this income.
15k in insurance is 15% effective tax.
2.5% property tax on a 300k house is equivalent to 7.5% tax on the income.
Payroll taxes - about 8%
Retirement ....
I even didn't have to include federal income tax..
the fact is the average worker pays less than 10% in federal income/payroll tax... which will increase greatly
yes 20k in daycare is about 20% of a 100k income..but it is NOT a tax, and it will not go lower by implementing another government program
The 31% is the total income/payroll tax burden, not just the fed tax rate. See my tax foundation link.
yes and the point of the tax foundation is we are already "taxed enough already"...aka the TEA party
you are helping to make the point...do you (or anyother working taxpayer) want to see the FEDERAL rate slam the middleclass, workingclass, and the working poor at 55% or higher... do you REALLY want to be a slave to the unforgiving government
the fact is the average worker pays less than 10% in federal income/payroll tax... which will increase greatly
yes 20k in daycare is about 20% of a 100k income..but it is NOT a tax, and it will not go lower by implementing another government program
I do not care if it is called a tax or not. It is an expense, got it?
Another poster quoted a %45 "European" tax. Turns out it is not a bad deal if "all inclusive".
And on your second point, yes, sometimes it does go lower because when tax based you keep taxing the extremely high incomes.
The old "free stuff" thing, eh? Medicare For All, in whatever form it takes, will not be free. For most people the higher taxes under M4A will be less than what they pay for private insurance premiums now. But we will all definitely pay for it.
Nobody will ever answer my question. What happens to the people who currently have great insurance provided by the employer? Surely that money will not be transferred to me. So essentially you have millions who will have their taxes raised massively and lose their insurance and be waiting months on end along with all the deadbeats who pay 0
If we don't have to pay for the wars and bail outs, why do we have to pay for health care?
Hyperbole does not make for good arguments. You are paying now. Having people see a doctor before and issue becomes an emergency is far cheaper than paying for E.R. visits.
Have you ever worked in a hospital? Do you realize how many go to the er because they refuse to or are too stupid to set up a normal appointment? People get everything free so why not go to the er and get treated right now instead of waiting.
I do not care if it is called a tax or not. It is an expense, got it?
Another poster quoted a %45 "European" tax. Turns out it is not a bad deal if "all inclusive".
And on your second point, yes, sometimes it does go lower because when tax based you keep taxing the extremely high incomes.
no the cost of daycare and others will not go lower ...ever...
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