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Thread: Death and Taxes

  1. #41
    Galactic Ruler Spookycolt's Avatar
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    Quote Originally Posted by bonehead View Post
    there is no deductible with medicaid. also no total out-of-pocket costs.
    My employer contributes 120.00 every pay period to a health savings account which I can use for my deductible.

    Since I hardly use any medical benefits that money sits there accumulating.

    I have plenty in there to cover my 2800.00 deductible which means I don't pay for anything except for some reason foot disorders which are the only thing not covered under my plan.

    All I have is my little premium every month.

  2. #42
    Veteran Member bonehead's Avatar
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    Quote Originally Posted by Spookycolt View Post
    My employer contributes 120.00 every pay period to a health savings account which I can use for my deductible.

    Since I hardly use any medical benefits that money sits there accumulating.

    I have plenty in there to cover my 2800.00 deductible which means I don't pay for anything except for some reason foot disorders which are the only thing not covered under my plan.

    All I have is my little premium every month.
    which is smaller - your monthly healthcare premium or a 5% tax increase (per month)?

  3. #43
    Veteran Member PACE's Avatar
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    Quote Originally Posted by bonehead View Post
    what I stated was a federal tax plan (to replace the current one) and a healthcare plan (to replace the current ones). it's not intended to cure waste and theft. but, with the reduction in work the IRS will have, they will have plenty of time and personnel to insure those things are not allowed. there is no plan that is a cure-all for what your concerns are - and those are legitimate concerns.
    You are fixing a symptom, not the disease, fix the disease, you're an engineer, you should know that.

  4. #44
    Galactic Ruler Spookycolt's Avatar
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    Quote Originally Posted by bonehead View Post
    which is smaller - your monthly healthcare premium or a 5% tax increase (per month)?
    My premium.

  5. #45
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    Quote Originally Posted by HCProf View Post
    The tax rate could be a little low. We will never have a program as large as healthcare with individuals paying 0% tax. Even if it is 200.00 a year it would help fund the program. We would have to end the EIC. When Reagan introduced EIC, the Country did not have the needs like it does currently. We had a stronger middle class then. Today, we can't afford to do this any longer. Everyone must have skin in the game. The 12.5, IMO, should be around 20%.
    This has been hashed out over and over, including in Vermont and California.

    Health care spending in the US is over $3 trillion. Right now Federal, Local and State government spending covers $1 trillion, leaving $2 trillion that would need to be covered by new taxes.

    Federal payroll taxes at 15% of your gross income and currently raise $1 trillion annually, to raise an additional $2 trillion the rate would have to raised to 45% of your gross income. That would be off the top, 45% would come out of your paycheck, plus you would be paying federal income tax and all the state and local taxes you currently pay.

    It is silly to make up some arbitrary rate that you want it to me without looking at the actual costs.

    This isn't directed at you personally HC.
    Last edited by Libertine; 9th July 2017 at 05:29 AM.

  6. #46
    Human Bean KnotaFrayed's Avatar
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    Not sure why We just do not come up with a single payer health fund that eliminates both layers of profit as well as layers of administration.

    I read recently that a hospital with a medical staff of some 900 plus (but less than 1000) had an administrative staff of more than 1500.

    First, medicine and health care should not be a "for-profit" endeavor or if a profit endeavor, one where profit is limited. While there are no doubt people who will claim and will NOT do things like create miracle drugs because they can't make a gazillion dollars, there are people who will fill that void. In addition there are people who have profited immensely from research funded by government, such as the Human Genome Project. They should not be able to take such research and then essentially develop medicines and procedures that hold people's lives and health, for a ransom in return.

    If health care were truly a market based industry, then remove all insurance, all deductions for payments and make ALL people pay out of their pockets and see if the cost comes down because most people cannot afford it. That was the case and because it became too expensive, insurance stepped in to create a risk pool to try to lower the costs and provide a means to negotiate costs. Now people cannot afford insurance rates, much less out of pocket, so the idea that "health care" is related to anything market based has already been proven to be false. It's pain and suffering based and "for-profit" businesses in the industry, know that, all too well.

    Our greedy society will end either voluntarily or as they always seem to end where the greedy are not intelligent enough to see the writing on the wall. I prefer that it is done voluntarily and if the greedy are intelligent, they can still retain a great deal of their wealth, while giving up truly obscene "motivation" packages that the lower and middle classes are left out of.
    Last edited by KnotaFrayed; 9th July 2017 at 05:32 AM.

  7. #47
    Veteran Member bonehead's Avatar
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    Quote Originally Posted by PACE View Post
    You are fixing a symptom, not the disease, fix the disease, you're an engineer, you should know that.
    we disagree on the disease. my opinion is it's a mentality issue. my purpose is to make the symptoms more equitable to all. the disease needs time to fix it.

  8. #48
    Veteran Member bonehead's Avatar
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    Quote Originally Posted by Spookycolt View Post
    My premium.
    by a considerable amount?

  9. #49
    Galactic Ruler Spookycolt's Avatar
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    Quote Originally Posted by bonehead View Post
    by a considerable amount?
    A few hundred bucks.

  10. #50
    Veteran Member bonehead's Avatar
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    Quote Originally Posted by Spookycolt View Post
    A few hundred bucks.
    per month?
    EDIT: I'm a little surprised you haven't slammed the tax proposal - is that next?
    Last edited by bonehead; 9th July 2017 at 06:46 AM.

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