darthtang aw
Active Member
Ok, this is good....let's start here.
How does this bill guarantee insurance to the currently uninsured?
You wrote:
I thought that was the whole premise of this bill. To provide affordable insurance to the 32 million or so people who currently have no insurance.
This doesn't explain how.
and if the entire premise for this bill is to cover just 32 million people, That is fine. But explain to me how the government will be able to get insurance for a little over 2,000 per year for these people. This figure I came up with if the entire 940 billion over 10 years were used on this alone. Factor in the amount of money they have in this bill for grants and other funding, that 2000 a year becomes a lot less....................
You'd have to show me in the bill where it references that anyone making less than 250,000 will be accessed an increase in their income tax. Everything I read states that people making over 250,000 would see a 2.9% or 3.9% tax increase, and they'd also see atax put on their investments. Again, I never read where the average citizen who makes less than this would be taxed on their income.
A 10 percent excise tax on indoor tanning services goes into effect in July 2010.
The bill will limit the deduction on medical expenses to amounts above 10 percent of income starting in 2013. Currently, the deduction floor is 7.5 percent of income. The floor will remain at 7.5 percent for taxpayers 65 years and older. Hate to tell you, but changing when deductions can be used and increasing the dollar amount before they can kick in, is in fact a tax increase.......
Let's break this down.
a guy earning 40,000 a year would have to acrue 4000 dollars a year in medical bills before he write this off. before that number was around 3000 a year. so basically they have to spend an additional 1000 dollars year on medical expenses before they can write anything off......so basically those people that don't meet this criteria will be taxed more since they no longer have the write off. This is a tax increase on everyone. This is on what they pay out of pocket, not the total amount for the bill including the portion picked up by the insurance company.
How does this bill guarantee insurance to the currently uninsured?
You wrote:
I thought that was the whole premise of this bill. To provide affordable insurance to the 32 million or so people who currently have no insurance.
This doesn't explain how.
and if the entire premise for this bill is to cover just 32 million people, That is fine. But explain to me how the government will be able to get insurance for a little over 2,000 per year for these people. This figure I came up with if the entire 940 billion over 10 years were used on this alone. Factor in the amount of money they have in this bill for grants and other funding, that 2000 a year becomes a lot less....................
You'd have to show me in the bill where it references that anyone making less than 250,000 will be accessed an increase in their income tax. Everything I read states that people making over 250,000 would see a 2.9% or 3.9% tax increase, and they'd also see atax put on their investments. Again, I never read where the average citizen who makes less than this would be taxed on their income.
A 10 percent excise tax on indoor tanning services goes into effect in July 2010.
The bill will limit the deduction on medical expenses to amounts above 10 percent of income starting in 2013. Currently, the deduction floor is 7.5 percent of income. The floor will remain at 7.5 percent for taxpayers 65 years and older. Hate to tell you, but changing when deductions can be used and increasing the dollar amount before they can kick in, is in fact a tax increase.......
Let's break this down.
a guy earning 40,000 a year would have to acrue 4000 dollars a year in medical bills before he write this off. before that number was around 3000 a year. so basically they have to spend an additional 1000 dollars year on medical expenses before they can write anything off......so basically those people that don't meet this criteria will be taxed more since they no longer have the write off. This is a tax increase on everyone. This is on what they pay out of pocket, not the total amount for the bill including the portion picked up by the insurance company.
