merrie says: That Obama is charging premiums to those living at or on the border of poverty is absolutely incredible! And this from a candidate who pledged that he would not tax the middle class! If you have insurance, you will get hit by his proposed 40 percent tax on insurance premiums. When the tax -- and the legislation -- takes effect in 2013, all families making about $120,000 or more in combined household income (14 percent of all families or one in seven) will have to pay the tax. By the next year, 2014, the tax will hit every family making more than $100,000 (about 18 percent of all families or one in six). By 2019, 10 years hence, the tax will reach down to affect every family making more than $75,000 a year (31 percent of families or one in three). The tax will take 40 percent of all premiums above $21,000. So if you don’t have insurance, you will be socked with a mandate to buy coverage and pay a hefty proportion of your income to do it; and if you have insurance . . . . . you will be hit with an excise tax on the coverage. (In theory, it is the insurance companies that have to pay the tax, but the Senate Finance Committee “assumes” that they will pass the tax along to their policyholders). These costs make a mockery of Obama’s oft-repeated pledge to avoid any tax increase that would impact those making under $250,000 a year. He finances about half of his health care plan on the backs of the elderly by cutting Medicare and inducing scarcity and the other half by premium taxes and insurance purchasing mandates on the middle and lower middle class. Right. If it's been printed on the internet it must be true. The figures haven't been twisted by vested interests by any chance? Here in Australia we pay 1% across the board Medicare levy. It's a fair deal, no one dies here for lack of health care. If I was an American taxpayer I'd be more concerned with the trillions of taxpayer $sss being spent on war, or maybe that doesn't matter so much? |
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