Starting today!

[cammando]

As I look at the wealth distribution charts I don't see any of the rich getting soaked. I see the wealthy amassing more wealth and the buying and spending power of the middle class decreasing and the number of poor increasing. Who do you claim is getting soaked?

So any answers as to why this is happening??

[All Tell]

Yeah, it's almost as bad as having a majority that pay no income tax and then letting them help decide who gets make tax laws.

[2 Humped Camel]

Yeah, it's almost as bad as having a majority that pay no income tax and then letting them help decide who gets make tax laws.

 

Another half truth...

 

Focusing on the statistical middle class — the middle 20 percent of households, as ranked by income — underlines this point. Households in this group made $35,400 to $52,100 in 2006, the last year for which the Congressional Budget Office has released data. That would describe a household with one full-time worker earning about $17 to $25 an hour. Such hourly pay is typical for firefighters, preschool teachers, computer support specialists, farmers, members of the clergy, mail carriers, secretaries and truck drivers, according to the Bureau of Labor Statistics.

 

Taking into account both taxes and tax credits, the average household in this group paid a total income tax rate of just 3 percent. A good number of people, in fact, paid no net income taxes. They are among the alleged free riders. But the picture starts to change when you look not just at income taxes but at all taxes. This average household would have paid 0.8 percent of its income in corporate taxes (through the stocks it owned), 0.9 percent in gas and other federal excise taxes, and 9.5 percent in payroll taxes. Add these up, and the family’s total federal tax rate was 14.2 percent.

 

http://www.nytimes.com/2010/04/14/business/economy/14leonhardt.html

[cammando]

Another half truth...

 

Focusing on the statistical middle class — the middle 20 percent of households, as ranked by income — underlines this point. Households in this group made $35,400 to $52,100 in 2006, the last year for which the Congressional Budget Office has released data. That would describe a household with one full-time worker earning about $17 to $25 an hour. Such hourly pay is typical for firefighters, preschool teachers, computer support specialists, farmers, members of the clergy, mail carriers, secretaries and truck drivers, according to the Bureau of Labor Statistics.

 

Taking into account both taxes and tax credits, the average household in this group paid a total income tax rate of just 3 percent. A good number of people, in fact, paid no net income taxes. They are among the alleged free riders. But the picture starts to change when you look not just at income taxes but at all taxes. This average household would have paid 0.8 percent of its income in corporate taxes (through the stocks it owned), 0.9 percent in gas and other federal excise taxes, and 9.5 percent in payroll taxes. Add these up, and the family’s total federal tax rate was 14.2 percent.

 

http://www.nytimes.com/2010/04/14/business/economy/14leonhardt.html

Doesn't the upper class have to pay extra taxes also??

[All Tell]

What percentage does the so called "rich" pay? Also your quote says many pay NO INCOME TAX. That's exactly what I said.

 

I'll ask you the same question I've asked Ace, you're in favor of higher taxes, do you take any deductions on your taxes?

 

And it still doesn't refute my point that people with little or no INCOME TAX liability are able to vote for peopole and policies that influence tax laws for everyone.

 

Finally at what percentage has a "rich" person or family paid their "fair" share?

[75center]

Unlike the fewer options and increase premiums that we have been seeing for the past 10 years?

 

You guys act like this is something new. Premiums have been going up and services down since I started getting health insurance in 1991. The last 5 years have been the worst. Are you suggesting the increase in costs and decrease in plans will outpace what was already happening?

 

Yes! The last 5 years will be looked on as the good old days.

[titletownclown]

As a self-employed person, I pay 100% of my insurance premium. Having said that, the new requirements as outlined in the first post, will most definitely accelerate the already sizeable average annual increases in insurance premiums (imo). So I ask the following questions. For those of you who only pay a portion of your premium because you are covered through your employer, do you know the actual total insurance premium cost that is currently being funded by your employer? If you learned that the new requirements as outlined in the first post would cause an average annual premium increase of 30% (hypothetical), would you be willing to pick up the entire increase? Keep in mind, this doesn't mean a 30% increase in your current share, but a 30% increase in the bill to be 100% funded by you.

 

Idealism is for the lazy thinker. Pragmatism requires a bit of effort. Just a thought.................

[acemona]

As a self-employed person, I pay 100% of my insurance premium. Having said that, the new requirements as outlined in the first post, will most definitely accelerate the already sizeable average annual increases in insurance premiums (imo). So I ask the following questions. For those of you who only pay a portion of your premium because you are covered through your employer, do you know the actual total insurance premium cost that is currently being funded by your employer? If you learned that the new requirements as outlined in the first post would cause an average annual premium increase of 30% (hypothetical), would you be willing to pick up the entire increase? Keep in mind, this doesn't mean a 30% increase in your current share, but a 30% increase in the bill to be 100% funded by you

 

Idealism is for the lazy thinker. Pragmatism requires a bit of effort. Just a thought.................

 

How does that work?

[titletownclown]

How does that work?

 

Supply and demand. Pretty basic concept.

[acemona]

As a self-employed person, I pay 100% of my insurance premium. Having said that, the new requirements as outlined in the first post, will most definitely accelerate the already sizeable average annual increases in insurance premiums (imo). So I ask the following questions. For those of you who only pay a portion of your premium because you are covered through your employer, do you know the actual total insurance premium cost that is currently being funded by your employer? If you learned that the new requirements as outlined in the first post would cause an average annual premium increase of 30% (hypothetical), would you be willing to pick up the entire increase? Keep in mind, this doesn't mean a 30% increase in your current share, but a 30% increase in the bill to be 100% funded by you.

 

Idealism is for the lazy thinker. Pragmatism requires a bit of effort. Just a thought.................

 

My question was asking how that you can say "will most definitely" and then end with "IMO"?

[2 Humped Camel]

What percentage does the so called "rich" pay? Also your quote says many pay NO INCOME TAX. That's exactly what I said.

 

I'll ask you the same question I've asked Ace, you're in favor of higher taxes, do you take any deductions on your taxes?

 

And it still doesn't refute my point that people with little or no INCOME TAX liability are able to vote for peopole and policies that influence tax laws for everyone.

 

Finally at what percentage has a "rich" person or family paid their "fair" share?

 

I claim single 0 and the only thing I deduct is mortgage interest, now whats that have to do with the price of tea in China? I'm assuming given your political stances you will forgo social security and medicare when you reach eligiability? Yes you are right about the "income" tax part but you make it seem (quite intentionally so) as the majority of this country pays no federal taxes which simply isn't true.

[2 Humped Camel]

As a self-employed person, I pay 100% of my insurance premium. Having said that, the new requirements as outlined in the first post, will most definitely accelerate the already sizeable average annual increases in insurance premiums (imo). So I ask the following questions. For those of you who only pay a portion of your premium because you are covered through your employer, do you know the actual total insurance premium cost that is currently being funded by your employer? If you learned that the new requirements as outlined in the first post would cause an average annual premium increase of 30% (hypothetical), would you be willing to pick up the entire increase? Keep in mind, this doesn't mean a 30% increase in your current share, but a 30% increase in the bill to be 100% funded by you.

 

Idealism is for the lazy thinker. Pragmatism requires a bit of effort. Just a thought.................

 

What good is insurance no matter the cost if you have no guarantees your claims will be paid, you may be dropped at any time, your illness cost more than they allow you? Insurance companies have had pretty much free reign and now they are kicking and screaming about having to treat humans like humans.

[titletownclown]

My question was asking how that you can say "will most definitely" and then end with "IMO"?

 

I reserve the right to be wrong, thus the IMO used as an out.

[titletownclown]

What good is insurance no matter the cost if you have no guarantees your claims will be paid, you may be dropped at any time, your illness cost more than they allow you? Insurance companies have had pretty much free reign and now they are kicking and screaming about having to treat humans like humans.

 

At no time did I state that I disagreed with any of the info in the 1st post. We just need to know that these new requirements will come at a cost.

[75center]

I claim single 0 and the only thing I deduct is mortgage interest, now whats that have to do with the price of tea in China? I'm assuming given your political stances you will forgo social security and medicare when you reach eligiability? Yes you are right about the "income" tax part but you make it seem (quite intentionally so) as the majority of this country pays no federal taxes which simply isn't true.

 

Income taxes are very, very different from payroll or excise taxes though. And it's true a huge percentage pay nothing. That's just wrong.