Wowsers! Guess what Obama Health Care will cost you!

Discussion in 'Politics and Religion' started by CaptTurbo, Jul 20, 2009.

  1. CaptTurbo

    CaptTurbo Registered

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    If your like me in the 27-29% income tax bracket your income tax if the healthcare passes that Obama wants will be between 57 and 58 percent!

    If that isnt socialism what is?

    You would be working for the government from January until August/September.

    Holy Cow!
     
  2. DWKB

    DWKB Registered

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    Replace "Obama" with "House Democrats" and you'd have a lot more correct post.
     
  3. LVG

    LVG Who?! Contributor

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    Remove the "a lot more correct" and replace with "a more accurate" and your english would be proper ;)
     
  4. Louis

    Louis DJ Roomba

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    Valid link please.
     
  5. Southpaw

    Southpaw Provocateur aka Wallyburger Contributor

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    Answer to healthcare mess.

    Eat well and don't play in traffic.
     
  6. CaptTurbo

    CaptTurbo Registered

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    No link. Was listing to form Senator D'Amato from NY on the radio. He was explaining it some detail and said the middle class would start a revolt if they had to pay 57-58% income tax which is what the current proposal calls for. (In his words)
     
  7. Southpaw

    Southpaw Provocateur aka Wallyburger Contributor

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    Anyone ever get the feeling that there will be so many absurd proposals that no one will want it, the issue will go away, everyone one will claim it is impossible to change and the rotten system will just go on?

    Seriously.
     
  8. Louis

    Louis DJ Roomba

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    Uh oh...

    http://blogs.abcnews.com/george/2009/06/axelrod-obama-wont-rule-out-tax-hike-.html

    I'm still looking around but found this Axelrod interview applicable to your post.
     
  9. RugbyMuffin

    RugbyMuffin D-Fence & Go Cardinals!

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    If your like me in the 27-29% income tax bracket your income tax if the healthcare passes that Obama wants will be between 57 and 58 percent!


    The question is what income range does that fit ?

    [Goes to Google]

    http://www.moneychimp.com/features/tax_brackets.htm

    [Copies and Pastes]

    28%: from $82,250 to $171,550
    NOTE: The brackets are done INDIVIDUALLY.



    My answer with the information above ?

    That tax bracket is NOT the middle class, and is far from it. If that is middle class then I cannot wait to be part of it, and I am your stereotypical middle class situation. Engineering job, with a manufacturing company should mean I am middle class. Without giving up too much detail, I am not even close to those numbers, and in all the jobs that I have held I have not come close to those numbers. Furthermore, at each job I rose pretty far up the ladder and didn't come close to those numbers, so, I can't imagine what most of the people below me were making as a salary.

    So I think former Senator D'Amato from NY is out of touch with his people, and doesn't really know what he is talking about. I can't blame him, since he has probably lived a life of ridiculous luxiary and cannot fathom making under 80k a year, but his thinking is skewed and wrong. Furthermore, to say something like he did above shows some serious short sighted-ness.

    The following tax brackets are where I would imagine 95% of people that work for a living are getting paid are:
    15%: from $8,350 to $33,950
    25%: from $33,950 to $82,250

    So, as much as I sympathize for those who are getting taxed out of their boots. IMO, It is a good problem to have when you are bringing in that kind of coin per year.

    My next question is what are the 33% and 35% brackets being taxed ? More I hope, since they are getting the most out of the system.
     
    Last edited: Jul 20, 2009
  10. Duckjake

    Duckjake Registered

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    Don't forget to add in the 15.3% for medicare/medicaid and Social Security.

    That makes the real tax rate on income 30.3% and 40.3% instead of 15% and 25%.
     
  11. RedStorm

    RedStorm Next NY Gov Contributor

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    God bless those that take risks and employee people in this world. They are getting the "most" becase they are taking on the "most" risks. If you dont like your wage then dont stay where you are at. Get up and go out and taking on the "most" demanding and risky job of creating wealth and jobs. Good luck.
     
  12. RugbyMuffin

    RugbyMuffin D-Fence & Go Cardinals!

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    WOW!

    Uh, I don't remember having a complaint. Just saying the situation is what it is.

    If you where able to start up your own business that is great. You should be happy that your hard work paid off.

    But regardless, it all happened in this society's system. The oppourtunity arose for a business to have a chance to be born and grow. All this was done within the system. Thus what you are getting out of the system is more than others, hence the statement "getting the most out of said system." You didn't pay for your own police force, you didn't build the office building with your own stone, your employees didn't build the building, your credit card charges aren't processed by your business, etc., etc. Regardless if you are the owner of the business, your success is still as a part of society.

    If you want a pat on the back for starting and upkeeping a successful self-business then I can give you one. Yet, money wise, there are plenty of programs from small business owners, and those programs are there because of the immense amount of work, money, and responsibilty that goes into a small business. Take advantage of those well deserved breaks, programs and policies since they are there as a reward for starting a small business. Not to mention if you are making money hand over fist, then you have the oppourunity to hire an accountant that could probably help pay even less in taxes.

    I was merely displaying the numbers behind the topic at hand. I could care less how you ended up making more money than most. The fact of the matter is, the numbers are the numbers and how you fall under those numbers is a moot point.

    You don't like how the numbers go together ? Then vote, write you congressmen, etc., etc. But if you looking for sympathy from me because you feel you have taken risks, worked hard, etc., etc and are being "taken to the cleaners by the government"?

    Then tell you story walking. I work my arse off, and have not [thought of/been given] the oppourtunity to venture out on my own yet. If a person starts a business, and it succeeds, then the risk has been rewarded, the oppourunity was taken and implemented to its fulliest, and as I said before congratulations. But, you are now compensated for said success by way of having a HUGE income that 77% of the people won't see in three lifetimes, I can't imagine what else you feel you are owed outside of making a all of that money.
     
    Last edited: Jul 20, 2009
  13. MigratingOsprey

    MigratingOsprey Thank You Paul!

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    there are many places where those in that income range are firmly in the middle class

    you have to account for wage inflation in places with a high cost of living

    not to mention a lot of people in that income range have very large educational cost burdens

    just because you're comfortable doesn't mean you're rich and just because you have some flexibility doesn't mean your safe from volatility
     
  14. arthurracoon

    arthurracoon The Cardinal Smiles

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    holy cow. is it really an extra 15 percent?!?!

    fortunately, I don't have to pay for those due to the "living expenses" stipend that I will be receiving for the next 8 years
     
  15. RugbyMuffin

    RugbyMuffin D-Fence & Go Cardinals!

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    While I agree that we should be thankful for the innovators and the "risk" takers out there, lets not get too carried away.

    This is a good topic but it has been talked about, and I have had my bouts with if and when to "take a risk". See the link below.

    http://www.arizonasportsfans.com/vb/f22/coward-or-conservative-134359.html?highlight=Coward

    I look up to those who have the vision, drive, and ability to make there own way in this country. They deserve respect, there is no doubt about that.

    But as I said, lets not get carried away. If these "risks" were so easy to take on, then why wouldn't everyone do it ?

    I would love to start my own business, I would love to take a "risk" but if I don't have a good idea, then why would I ? Risks are one thing, jumping off a cliff with a pair of paper wings is another.
     
    Last edited: Jul 20, 2009

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