And they have 90% of the wealth. You know how they can make sure that people in the lower income groups pay a bigger share? Pay them more.
'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
And should we go ahead and let those that refuse to buy insurance die?
People are already doing that and paying the fine instead. So what's different?
The I.R.S. commissioner, John A. Koskinen, said that 6.5 million taxpayers reported paying a total of $3 billion in penalties for not having coverage in 2015. In addition, 12.7 million taxpayers claimed exemptions from the coverage requirement, on account of hardship or other factors. And more than four million people filed “silent returns,” not paying a penalty, not indicating if they had coverage and not claiming an exemption.
Really they are being denied access to medical care? I am saying literally, let them die. If you can afford it and choose not to get it, thereby raising everybody else's rates, then you made your choice. Freedom comes with risk. Rub some mud on it and hope it goes away.
'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
Unless they are clueless or wish to be sued, hospitals treat everyone regardless of ability to pay. In most states it is mandated by law.
Here's a simple fact following from that that Republicans seem not being to grasp: If hospitals can't collect from patients or patients' insurance, the rest of us wind up footing the bill, either via higher taxes or higher insurance premiums. The GOPpers and Trumpsters love to natter on about individual responsibility, but they hate the ACA, which actually encourages people to assume responsibility by buying insurance.
Does not compute, except perhans in Trumpistan.
"...this low-rent Lear raging on his Twitter-heath has proven that the phrase malignant buffoon is not an oxymoron..."
I could care less about the rich getting richer....
They were building multi-million dollar homes and putting the products my company makes in them. Thus I got to stay employed and so did a boat load of factory workers.
Amen to this brother. My business thrives on high-end home construction. Today I landed a $33K project with two larger bids pending on other projects that will be ready by spring. Will I be hiring this spring? Hells ya! Will I be paying well? Hells ya! Will I be purchasing materials? Hells ya! Will I be paying less in taxes? Hells ya! Will I buy a few more toys along the way? Hells ya!
Economy, it's a good thing.
Joe, let us know how much of a raise you get as a result of your company paying less corporate tax. Newsflash: Unless you own stock it ain’t gonna happen.
Also, consumer confidence numbers will be interesting to see after this has been enacted. I’m sure they will be up but I’m already bucking that trend and am even more worried about my retirement savings.
Unless they are clueless or wish to be sued, hospitals treat everyone regardless of ability to pay. In most states it is mandated by law.
Here's a simple fact following from that that Republicans seem not being to grasp: If hospitals can't collect from patients or patients' insurance, the rest of us wind up footing the bill, either via higher taxes or higher insurance premiums. The GOPpers and Trumpsters love to natter on about individual responsibility, but they hate the ACA, which actually encourages people to assume responsibility by buying insurance.
Does not compute, except perhans in Trumpistan.
Higher hospital bills will result from those that can't pay also.
And that's the whole problem with the system. It's not who pays, but what we pay.
Joe, let us know how much of a raise you get as a result of your company paying less corporate tax. Newsflash: Unless you own stock it ain’t gonna happen.
It won't come in the form of a yearly raise like you are thinking. It will mean more money dumped in my profit sharing plan by the company.
'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
Unless they are clueless or wish to be sued, hospitals treat everyone regardless of ability to pay. In most states it is mandated by law.
I am saying let's get rid of that. If you are able to pay and choose not to, too bad, so sad, gonna miss you when your gone. Talk about an incentive. You would not need a mandate.
Freedom comes with risk. Make that risk real.
'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
I am saying let's get rid of that. If you are able to pay and choose not to, too bad, so sad, gonna miss you when your gone. Talk about an incentive. You would not need a mandate.
I didn't say poor. I said able to pay and choosing not to.
'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
Here's why I call this bill "unfair": Higher income groups receive a far higher percentage increase in income after tax income than lower income groups.
[/I]The Republican tax bill that the House and Senate are set to pass as soon as Tuesday night would give most Americans a tax cut next year, according to a new analysis. However, it would by far benefit the richest Americans the most. Meanwhile, many lower- and middle-class Americans would have higher taxes a decade from now ... unless a future Congress extends the cuts.
The average household would get a tax cut of $1,610 in 2018, a bump of about 2.2 percent in that average household's income, according to a report released Monday by the Tax Policy Center, a nonpartisan think tank that has been critical of the tax overhaul plan.
However, extremes make averages, and the benefits would be much larger for richer households. A household earning $1 million or more would get an average cut of $69,660, an income bump of 3.3 percent. Compare that to the average household earning $50,000 to $75,000, which would get a tax cut of $870, or 1.6 percent...[/I]
I don't know about California, but in NYC and DC $750,00 might get you a small one bedroom condo, but more likely a small studio (one room + bath apartment). Folks earning less than six figure incomes and not forced or choosing to live in a slum have a long commute or share apartments or group houses. People in those places with low six figure incomes are by no stretch of the imagination rich.
We should have just dealt with corporate tax reform, but of course, the Left would make that impossible.
Why should corporations get a break, but not people right?
Instead, we were forced into the quagmire of trying to do something with individual rates.
I read today that the rich aren't actually getting a tax cut that's proportional to the amount they pay. It stands to reason that they will always get the lion's share of the cut since they pay the most, but according to Brookings 84% of all taxpayers will get a cut. That's not bad.
I don't know about California, but in NYC and DC $750,00 might get you a small one bedroom condo, but more likely a small studio (one room + bath apartment). Folks earning less than six figure incomes and not forced or choosing to live in a slum have a long commute or share apartments or group houses. People in those places with low six figure incomes are by no stretch of the imagination rich.
If a tax cut is paid for by increasing the national debt, is it really a tax cut, or is it just borrowing against future income?
I think the question is: Is a tax cut really stimulative if people just assume they're going to have to pay it back? The answer is yes, if there are unused resources that can be put to work to add to aggregate demand.
I think the question is: Is a tax cut really stimulative if people just assume they're going to have to pay it back? The answer is yes, if there are unused resources that can be put to work to add to aggregate demand.
C'mon CG--lets just all agree the partisan Republicans are financial geniuses ----you get all the things you need and You Don't have to pay for it---****, I could only hope to reach that level of intelligence (OK I got it CG---I can be smart like that if I paint an X between my eyes and you hit that X with a Baseball Bat----Then all this will make sense---(I only hope I won't then be smarter than the governing party after my "infliction")
Here's why I call this bill "unfair": Higher income groups receive a far higher percentage increase in income after tax income than lower income groups.
[/I]The Republican tax bill that the House and Senate are set to pass as soon as Tuesday night would give most Americans a tax cut next year, according to a new analysis. However, it would by far benefit the richest Americans the most. Meanwhile, many lower- and middle-class Americans would have higher taxes a decade from now ... unless a future Congress extends the cuts.
The average household would get a tax cut of $1,610 in 2018, a bump of about 2.2 percent in that average household's income, according to a report released Monday by the Tax Policy Center, a nonpartisan think tank that has been critical of the tax overhaul plan.
However, extremes make averages, and the benefits would be much larger for richer households. A household earning $1 million or more would get an average cut of $69,660, an income bump of 3.3 percent. Compare that to the average household earning $50,000 to $75,000, which would get a tax cut of $870, or 1.6 percent...[/I]
Replies
Hard to compete with robots and computers.
https://www.bloomberg.com/news/articles/2017-04-26/america-s-rich-poor-divide-keeps-ballooning-as-robots-take-jobs
People are already doing that and paying the fine instead. So what's different?
The I.R.S. commissioner, John A. Koskinen, said that 6.5 million taxpayers reported paying a total of $3 billion in penalties for not having coverage in 2015. In addition, 12.7 million taxpayers claimed exemptions from the coverage requirement, on account of hardship or other factors. And more than four million people filed “silent returns,” not paying a penalty, not indicating if they had coverage and not claiming an exemption.
https://www.nytimes.com/2017/07/03/us/politics/congress-moves-to-stop-irs-from-enforcing-health-law-mandate.html
https://www.forbes.com/sites/ryanellis/2017/11/15/individual-mandate-repeal-is-a-middle-class-tax-cut/#6c688ccb4b80
Here's a simple fact following from that that Republicans seem not being to grasp: If hospitals can't collect from patients or patients' insurance, the rest of us wind up footing the bill, either via higher taxes or higher insurance premiums. The GOPpers and Trumpsters love to natter on about individual responsibility, but they hate the ACA, which actually encourages people to assume responsibility by buying insurance.
Does not compute, except perhans in Trumpistan.
George Will
Economy, it's a good thing.
And that's the whole problem with the system. It's not who pays, but what we pay.
Sent from my SM-G900V using Tapatalk
Sent from my SM-G900V using Tapatalk
I am saying let's get rid of that. If you are able to pay and choose not to, too bad, so sad, gonna miss you when your gone. Talk about an incentive. You would not need a mandate.
Freedom comes with risk. Make that risk real.
Corporate Communism baby!!
Now you are talking silly.
Here's why I call this bill "unfair": Higher income groups receive a far higher percentage increase in income after tax income than lower income groups.
[/I]The Republican tax bill that the House and Senate are set to pass as soon as Tuesday night would give most Americans a tax cut next year, according to a new analysis. However, it would by far benefit the richest Americans the most. Meanwhile, many lower- and middle-class Americans would have higher taxes a decade from now ... unless a future Congress extends the cuts.
The average household would get a tax cut of $1,610 in 2018, a bump of about 2.2 percent in that average household's income, according to a report released Monday by the Tax Policy Center, a nonpartisan think tank that has been critical of the tax overhaul plan.
However, extremes make averages, and the benefits would be much larger for richer households. A household earning $1 million or more would get an average cut of $69,660, an income bump of 3.3 percent. Compare that to the average household earning $50,000 to $75,000, which would get a tax cut of $870, or 1.6 percent...[/I]
Here's the link. Look at the charts for 2018 and 2027. https://www.npr.org/2017/12/19/571754894/charts-see-how-much-of-gop-tax-cuts-will-go-to-the-middle-class
The original data can be found here: http://www.taxpolicycenter.org/publications/distributional-analysis-conference-agreement-tax-cuts-and-jobs-act
If you want to see what a non Kool-Aid drinking billionaire thinks: http://www.sltrib.com/opinion/commentary/2017/12/18/michael-r-bloomberg-this-tax-bill-is-a-trillion-dollar-blunder/
George Will
BTW - here's an editorial worth reading: https://www.nytimes.com/2017/12/18/opinion/tax-bill-trump-republicans.html?action=click&pgtype=Homepage&clickSource=story-heading&module=opinion-c-col-left-region®ion=opinion-c-col-left-region&WT.nav=opinion-c-col-left-region
George Will
Why should corporations get a break, but not people right?
Instead, we were forced into the quagmire of trying to do something with individual rates.
They ain't poor, either, no matter where they live. Also I think Feinstein is probably confusing "median" with "Average."
Is President Trump a member of the House or Senate? I think I remember from junior high school social studies, he's neither, right?
And I think I remember that the President doesn't write bills, he only signs them. I think I saw that on "Schoolhouse Rock."
Too bad, the editorial writer for the New York Times didn't go to junior high school or watch Saturday morning cartoons.
So long as we're the world's reserve currency I don't think it matters if its financed by debt.
I just made that up. Somebody factcheck me.
I think the question is: Is a tax cut really stimulative if people just assume they're going to have to pay it back? The answer is yes, if there are unused resources that can be put to work to add to aggregate demand.
I have the job of feeding that goose that lays Golden eggs in DC---It magically pays for all those services you need
Aint it a great world??
Yeah, OK, sure.....
C'mon CG--lets just all agree the partisan Republicans are financial geniuses ----you get all the things you need and You Don't have to pay for it---****, I could only hope to reach that level of intelligence (OK I got it CG---I can be smart like that if I paint an X between my eyes and you hit that X with a Baseball Bat----Then all this will make sense---(I only hope I won't then be smarter than the governing party after my "infliction")
Garsh
Sent from my SM-G900V using Tapatalk