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so the highest tax rate was never 91%?This point has been debunked here so many times it is amazing that you still repeat it. I guess some people simply cannot stop parroting shit they read elsewhere, even when they are shown they are wrong.You realize your post didnt respond to anything you quoted, right?
Maybe this is because all you can do is bitch and moan about how gov't needs to help people and give them shit.
I've known plenty of people from west TN (I live in middle TN). None of them ever bitched as much as you do. Nor did they think gummint was the answer.
I personally think you're a fake from suburban LA.
This country has always used a progressive marginal tax system. We used to pay our way......before Reagan. In the 1950's under a Republican president(Dwight Eisenhower) anyone who earned more than $300,000 a year paid 91% of the excess to the government. Here's the way it looks now:
.
Too bad no one ever saw this coming.
Wait, we did.
CBO: Obamacare to cost $1.76 trillion over 10 yrs | Campaign 2012 | Washington ExaminerPresident Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.
Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO's standard ten-year budget window and, at least on paper, meet Obama's pledge that the legislation would cost "around $900 billion over 10 years." When the final CBO score came out before passage, critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation.
Today, the CBO released new projections from 2013 extending through 2022, and the results are as critics expected: the ten-year cost of the law's core provisions to expand health insurance coverage has now ballooned to $1.76 trillion. That's because we now have estimates for Obamacare's first nine years of full implementation, rather than the mere six when it was signed into law. Only next year will we get a true ten-year cost estimate, if the law isn't overturned by the Supreme Court or repealed by then. Given that in 2022, the last year available, the gross cost of the coverage expansions are $265 billion, we're likely looking at about $2 trillion over the first decade, or more than double what Obama advertised.
The CBO report is here.
CBO | Updated Estimates for the Insurance Coverage Provisions of the Affordable Care Act
Too bad no one ever saw this coming.
Wait, we did.
CBO: Obamacare to cost $1.76 trillion over 10 yrs | Campaign 2012 | Washington ExaminerPresident Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.
Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO's standard ten-year budget window and, at least on paper, meet Obama's pledge that the legislation would cost "around $900 billion over 10 years." When the final CBO score came out before passage, critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation.
Today, the CBO released new projections from 2013 extending through 2022, and the results are as critics expected: the ten-year cost of the law's core provisions to expand health insurance coverage has now ballooned to $1.76 trillion. That's because we now have estimates for Obamacare's first nine years of full implementation, rather than the mere six when it was signed into law. Only next year will we get a true ten-year cost estimate, if the law isn't overturned by the Supreme Court or repealed by then. Given that in 2022, the last year available, the gross cost of the coverage expansions are $265 billion, we're likely looking at about $2 trillion over the first decade, or more than double what Obama advertised.
The CBO report is here.
CBO | Updated Estimates for the Insurance Coverage Provisions of the Affordable Care Act
why did the same CBO project costs to fall $50 B over the next years then? and shows a cost of $1.083 T not $1.76 T?Too bad no one ever saw this coming.
Wait, we did.
CBO: Obamacare to cost $1.76 trillion over 10 yrs | Campaign 2012 | Washington ExaminerPresident Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.
Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO's standard ten-year budget window and, at least on paper, meet Obama's pledge that the legislation would cost "around $900 billion over 10 years." When the final CBO score came out before passage, critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation.
Today, the CBO released new projections from 2013 extending through 2022, and the results are as critics expected: the ten-year cost of the law's core provisions to expand health insurance coverage has now ballooned to $1.76 trillion. That's because we now have estimates for Obamacare's first nine years of full implementation, rather than the mere six when it was signed into law. Only next year will we get a true ten-year cost estimate, if the law isn't overturned by the Supreme Court or repealed by then. Given that in 2022, the last year available, the gross cost of the coverage expansions are $265 billion, we're likely looking at about $2 trillion over the first decade, or more than double what Obama advertised.
The CBO report is here.
CBO | Updated Estimates for the Insurance Coverage Provisions of the Affordable Care Act
I have said it before and will again, it never was viable- a 10 year window shaped as; 4 years up front where in no spending is scheduled but taxes are, then the 'cost' is estimated for the final 6 to make the 10 year window, is and was dishonest.
Add to that there is a huge portion of the country that has been given the taste of freebies, and they will do the math, ( of the mandate survives) pay a nominal fee and wait till you need care and then it will be katie bar the door, they will have been 'taxed' or 'penalized', whatever euphemism the gov. wants to call it and by god they are going to see a doc for every ailment no matter how slight,becasue in their minds they will have already 'paid' for it....
Too bad no one ever saw this coming.
Wait, we did.
CBO: Obamacare to cost $1.76 trillion over 10 yrs | Campaign 2012 | Washington ExaminerPresident Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.
Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO's standard ten-year budget window and, at least on paper, meet Obama's pledge that the legislation would cost "around $900 billion over 10 years." When the final CBO score came out before passage, critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation.
Today, the CBO released new projections from 2013 extending through 2022, and the results are as critics expected: the ten-year cost of the law's core provisions to expand health insurance coverage has now ballooned to $1.76 trillion. That's because we now have estimates for Obamacare's first nine years of full implementation, rather than the mere six when it was signed into law. Only next year will we get a true ten-year cost estimate, if the law isn't overturned by the Supreme Court or repealed by then. Given that in 2022, the last year available, the gross cost of the coverage expansions are $265 billion, we're likely looking at about $2 trillion over the first decade, or more than double what Obama advertised.
The CBO report is here.
CBO | Updated Estimates for the Insurance Coverage Provisions of the Affordable Care Act
That averages out at $176 billion a year. Rougly a quarter of your defence budget. Sounds about right.. Good work Barry ..
why did the same CBO project costs to fall $50 B over the next years then? and shows a cost of $1.083 T not $1.76 T?Too bad no one ever saw this coming.
Wait, we did.
CBO: Obamacare to cost $1.76 trillion over 10 yrs | Campaign 2012 | Washington Examiner
The CBO report is here.
CBO | Updated Estimates for the Insurance Coverage Provisions of the Affordable Care Act
I have said it before and will again, it never was viable- a 10 year window shaped as; 4 years up front where in no spending is scheduled but taxes are, then the 'cost' is estimated for the final 6 to make the 10 year window, is and was dishonest.
Add to that there is a huge portion of the country that has been given the taste of freebies, and they will do the math, ( of the mandate survives) pay a nominal fee and wait till you need care and then it will be katie bar the door, they will have been 'taxed' or 'penalized', whatever euphemism the gov. wants to call it and by god they are going to see a doc for every ailment no matter how slight,becasue in their minds they will have already 'paid' for it....
Health reform coverage cost falls slightly - Mar. 13, 2012
The bottom line: The government's overall tab is expected to fall slightly over a decade. It is now projected to spend $1.083 trillion between 2012 and 2021. Last year, CBO's estimate was $1.131 trillion.
is was in reference to this increase.why did the same CBO project costs to fall $50 B over the next years then? and shows a cost of $1.083 T not $1.76 T?I have said it before and will again, it never was viable- a 10 year window shaped as; 4 years up front where in no spending is scheduled but taxes are, then the 'cost' is estimated for the final 6 to make the 10 year window, is and was dishonest.
Add to that there is a huge portion of the country that has been given the taste of freebies, and they will do the math, ( of the mandate survives) pay a nominal fee and wait till you need care and then it will be katie bar the door, they will have been 'taxed' or 'penalized', whatever euphemism the gov. wants to call it and by god they are going to see a doc for every ailment no matter how slight,becasue in their minds they will have already 'paid' for it....
Health reform coverage cost falls slightly - Mar. 13, 2012
The bottom line: The government's overall tab is expected to fall slightly over a decade. It is now projected to spend $1.083 trillion between 2012 and 2021. Last year, CBO's estimate was $1.131 trillion.
first- what happened to 900 Billion?
second- WHY did they estimate the 'falling' cost....
is was in reference to this increase.why did the same CBO project costs to fall $50 B over the next years then? and shows a cost of $1.083 T not $1.76 T?
Health reform coverage cost falls slightly - Mar. 13, 2012
The bottom line: The government's overall tab is expected to fall slightly over a decade. It is now projected to spend $1.083 trillion between 2012 and 2021. Last year, CBO's estimate was $1.131 trillion.
first- what happened to 900 Billion?
second- WHY did they estimate the 'falling' cost....
Republican probes $111 billion jump in cost of healthcare law - The Hill's Healthwatch
which has now been revised down by over half.
the GOP projections of Medicare Part D werent exactly "quite accurate either"is was in reference to this increase.first- what happened to 900 Billion?
second- WHY did they estimate the 'falling' cost....
Republican probes $111 billion jump in cost of healthcare law - The Hill's Healthwatch
which has now been revised down by over half.
I have already had this argument, you go ahead and believe what you wish, the very headlines we are discussing and the charts I posted last time prove this to be , uhm, 'not quite accurate'.
and the 900 Billion?
We are soooo screwed.....
Just wait....10 years from now the government
will have no choice but to nationalize our IRA accouts,and 401k plans.
It will be the only way to save this country.
They will decide what's "fair" as far as what we get in retirement.
Anyone remember candidate Obama asking " how much profit is enough".....
Our retirement account will belong to the government and they will dole out
what they feel we should have....
I can just picture Debbie Wasserman Schultz
being told that her plan was approved.
All that money she will be able to get her hands on....
All the spending the Libs will be able to do.
Spend spend spend till there is nothing left...
Too bad no one ever saw this coming.
Wait, we did.
CBO: Obamacare to cost $1.76 trillion over 10 yrs | Campaign 2012 | Washington ExaminerPresident Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.
Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO's standard ten-year budget window and, at least on paper, meet Obama's pledge that the legislation would cost "around $900 billion over 10 years." When the final CBO score came out before passage, critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation.
Today, the CBO released new projections from 2013 extending through 2022, and the results are as critics expected: the ten-year cost of the law's core provisions to expand health insurance coverage has now ballooned to $1.76 trillion. That's because we now have estimates for Obamacare's first nine years of full implementation, rather than the mere six when it was signed into law. Only next year will we get a true ten-year cost estimate, if the law isn't overturned by the Supreme Court or repealed by then. Given that in 2022, the last year available, the gross cost of the coverage expansions are $265 billion, we're likely looking at about $2 trillion over the first decade, or more than double what Obama advertised.
The CBO report is here.
CBO | Updated Estimates for the Insurance Coverage Provisions of the Affordable Care Act
I have said it before and will again, it never was viable- a 10 year window shaped as; 4 years up front where in no spending is scheduled but taxes are, then the 'cost' is estimated for the final 6 to make the 10 year window, is and was dishonest.
Add to that there is a huge portion of the country that has been given the taste of freebies, and they will do the math, ( if the mandate survives) pay a nominal fee and wait till they actually need care and then it will be katie bar the door, they will have been 'taxed' or 'penalized', whatever euphemism the gov. wants to call it and by god they are going to see a doc for every ailment no matter how slight,becasue in their minds they will have already 'paid' for it....
so the highest tax rate was never 91%?This point has been debunked here so many times it is amazing that you still repeat it. I guess some people simply cannot stop parroting shit they read elsewhere, even when they are shown they are wrong.This country has always used a progressive marginal tax system. We used to pay our way......before Reagan. In the 1950's under a Republican president(Dwight Eisenhower) anyone who earned more than $300,000 a year paid 91% of the excess to the government. Here's the way it looks now:
.
The Tax Foundation - U.S. Federal Individual Income Tax Rates History, 1913-2011 (Nominal and Inflation-Adjusted Brackets)
strange, this say differently....
personally my favorite is 1944 - 92% top tax rate, 1963 - 91% top tax rate. then it was lowered to 70% until 1982 when it hit 50% before the GOP and Reagan slashed it even more....
guess you forgot about that part of history...
point being though, the tax rate did reach 91% during those years. if you want to live in fantasy world and think it was never that high your only lying to yourself. since we are not talking about effective tax rates your argument is terrible. im in the 30% tax bracket but that is not the effective tax rate that i pay due to deductions and right off. nice try with the deflection though.so the highest tax rate was never 91%?This point has been debunked here so many times it is amazing that you still repeat it. I guess some people simply cannot stop parroting shit they read elsewhere, even when they are shown they are wrong.
The Tax Foundation - U.S. Federal Individual Income Tax Rates History, 1913-2011 (Nominal and Inflation-Adjusted Brackets)
strange, this say differently....
personally my favorite is 1944 - 92% top tax rate, 1963 - 91% top tax rate. then it was lowered to 70% until 1982 when it hit 50% before the GOP and Reagan slashed it even more....
guess you forgot about that part of history...
You can't really compare the two because the whole tax structure was different. You could write off any interest payment. You could average your income if you had a windfall.
I realize that knowing any of that would require a) having actually lived through any of it, and b) some ability to deal with details, which you clearly don't have. Or you could have just remembered the last time this mis-fact was brought up and the same responses that were given.
But the Left never learns from history and willfully distorts it to serve their failed gods.
Hey it is still cheaper than the Iraq fiasco...
What would would the cost be to the nation without health care? Think it through.
What party were Harding, Coolidge, and Hoover, dumbazzes? Who presided over deregulation that allowed buying on margin? 10% of buys? Pub dupes are absolutely clueless...The Crash caused the Depression? What a GD genius LOL!!! Later, morons.
