ABC News: Tax Facts

[SpidermanTuba]

Because as the earlier article states, patients aren't allowed to receive treatment because of the gap of healthcare funds.

Shouldn't a Republican like John McCain chalk that up to failed personal responsibility instead of relying on the taxpayers to redistribute their wealth to those who chose to lead unhealthy lifestyles?

 

[DavidS]

The money would go into healthcare spending accounts, so that you can afford to pay for healthcare.

$5000 doesn't do jack for health insurance for a family. $2500 doesn't do jack for individuals who want health insurance.

And here's the beauty of McCain's plan. He wants you to be able for you to take your health insurance plan from state to state. That doesn't mean that your current plan will go from state to state. It means your health insurance provider will offer you ANOTHER plan that you can take from state to state. I'm paying over $750 a month right now for my insurance from Blue Cross Blue Shield. That doesn't include vision and dental. Under McCain BC/BS will offer me another plan that I can take from state to state... but do any of you think they will offer it any cheaper than what I have right now? NO! It will probably cost me over $1000 a month. So that $2500? Thanks, McCain. Doesn't do anything for me. And if I have a pre-existing condition, such as cancer? Do any health insurance companies do anything for me right now? NO! McCain's plan does nothing to help people with pre-existing conditions. So if I get cancer under McCain's plan during a lapse of health insurance coverage, I'm screwed. Obama has made it very clear that his government health insurance will cover pre-existing conditions and that his plan will be much cheaper than private health insurance.

 

[SpidermanTuba]

www.baltimoreexaminer.com >> Opinion
In Britain, a similar organization – the model for Obama’s so-called Best Practice Institute – has refused to allow women access to new cancer drugs such as Avastin, Herceptin and Taxol until years after they were in use in America. The result – breast cancer survival rates in Britain are far worse than they are in America.

So? The British also have a longer life expectancy than America, I guess that proves that overall their health system is better than ours.


Did you ever stop to think that all the drugs that get approved to early in America and result in people getting killed - don't get approved in Britian?

 

[DavidS]

Furthermore, the 5k/2.5k will allow American families to choose their insurers and medical treatments. Instead of having a beaucratic system choose it for them.

$2500 won't do anything for people choosing their health insurance.

And no beauracratic system chooses anything for anyone under Obama. People choose either private or public health insurance. Learn your facts, jreeves.

 

[The Paperboy]

$2500 won't do anything for people choosing their health insurance.

And no beauracratic system chooses anything for anyone under Obama. People choose either private or public health insurance. Learn your facts, jreeves.

It would cover the monthly premium for my wife and I.

 

[DavidS]

It would cover the monthly premium for my wife and I.

First of all, John McCain doesn't define what a "family" means in his healthcare plan. Normally, a family means having at least one child. But let's leave the kid out and say you qualify for the $5000 tax credit. $5000 a year, 12 months in a year.... that's $416.67 a month.

Your wife and you pay $416.67 a month for BOTH of you? That's health insurance for $213 a month per person. Are you SURE about that?

Where do you live? What company do you have health insurance under? What your are your co-pays?

 

[The Paperboy]

First of all, John McCain doesn't define what a "family" means in his healthcare plan. Normally, a family means having at least one child. But let's leave the kid out and say you qualify for the $5000 tax credit. $5000 a year, 12 months in a year.... that's $416.67 a month.

Your wife and you pay $416.67 a month for BOTH of you? That's health insurance for $213 a month per person. Are you SURE about that?

Where do you live? What company do you have health insurance under? What your are your co-pays?

The premium is around $250.00 a month for my wife and I. Blue Cross Blue Shield. I have a $10,000.00 deductible.

 

[DavidS]

The premium is around $250.00 a month for my wife and I. Blue Cross Blue Shield. I have a $10,000.00 deductible.

This isn't through a job, right? You purchased this healthcare on your own, right? As in, if you get fired you still have this health insurance, right?

What are you co-pays? Where do you live?

 

[jreeves]

Political Radar: Obama Clarifies Scope of Capital Gains Tax Hike

NOT TRUE AT ALL. The only capital gains taxes that are being increased are on net profits made ABOVE $250,000 in the stock market. And the increase isn't that much!

Example: I make $300,000 profit after commission and fees to my broker, which means I'd probably have to make $500,000 profit. Anyway, the first $250,000 of my net revenue is is taxed at the current rate, 15%. So that's $37,500. Then, $50,000 of my revenue is taxed at 20%. Which is $10,000. So, in all, I'm paying $47,500 vs. paying 15% on all $300,000 which would be $45,000. You're talking about a $2500 difference.

The only way this REALLY impacts you is if you're already super rich. And if you are, the extra taxes won't matter because, hey, you're super rich! But first of all, the average American family doesn't make $300,000 net profit after comission and fees in the stock market. Second of all, the people that do are only taxed an additional 5% on the amount over $250,000. It's not that big of a deal to most of the people out there. And again, I remind you of the stock market under Bill Clinton's tax increases.

And again, Obama is only returning the taxes back to where they were under Clinton. When Bill Clinton took office in 1993, the stock market was at 3300. Under Bill Clinton, the stock market JUMPED all the way to 14,000. That's over a 300% jump in the market. Obviously Clinton's capital gains tax increases didn't hurt the market whatsoever.

Really....

[ame=http://www.youtube.com/watch?v=WpSDBu35K-8]YouTube - Obama: Raise Taxes, Capital Gains - "For Purposes of Fairness"[/ame]

So he would raise capital gains taxes in order to make the system fair, not increase revenues....

By the way, Obama has been all over the map as far as who he would hit with these higher capital gains taxes.

Also, Clinton dropped the capital gains taxes in 1997 down to 20% and tax revenues increased.

 

[I Missthe North]

Simple analysis of Obama and McCain tax plans here

Notes:

The analysis does not point out that the 40% of people who do not pay any Federal tax will receive "tax cut" checks from the IRS.

The upper brackets (over 100K) have significant tax increases. If you also increase capital gains taxes I think you really end up hurting the middle class as the rich will cut back on their spending, cut back on investing and not be as interested in creating or investing in new businesses. Just my humble opinion.

Cut everyones taxes and everyone wins.

Also the chance of Obama changing his plan and increasing taxes on everyone is highly probable.

Honestly, why do you Republicans latch on to the idea that trickle down economics has ever worked? Just because Reagan said it was the best policy does not make it true. What evidence is there that trickle down economics has any basis in reality? Republicans have been shoving this theory down our throat for almost three decades now we look where we are. Trickle down economics is like communism; great in theory, but will never work in the real world.

 

[SwingVoter]

Cut everyones taxes and everyone wins.

Not our children who will be left with massive debts to pay off.

Bush's Medicare Part D costs 40 billion a year net of premiums, and there's no tax to cover it, that's some nasty borrow-and-spend socialism if I've ever seen it

 

[jreeves]

Shouldn't a Republican like John McCain chalk that up to failed personal responsibility instead of relying on the taxpayers to redistribute their wealth to those who chose to lead unhealthy lifestyles?

Your not redistributing wealth, because everyone gets the healthcare tax credit. Now Obama, on the other hand, wants to take from this economic class and give to another economic class, that's redistributing income. Understand the difference?

No cancer isn't a failed personal responsibilty....

 

[The Paperboy]

Not our children who will be left with massive debts to pay off.

Bush's Medicare Part D costs 40 billion a year net of premiums, and there's no tax to cover it, that's some nasty borrow-and-spend socialism if I've ever seen it

I would have no problem if they cancelled every entitlement.

 

[jreeves]

Not our children who will be left with massive debts to pay off.

Bush's Medicare Part D costs 40 billion a year net of premiums, and there's no tax to cover it, that's some nasty borrow-and-spend socialism if I've ever seen it

I absolutely agree with you there, Medicare Part D was idiotic. Over 10 trillion in unfunded liabilities.....

 

[xsited1]

Looks like my best choice if Obama is elected is to quit my job and become a school teacher making $30,000/year. (Benefits are great, hours are flexible, summers off.) I guess it's time for me to stop busting my butt just to make 6 figures each year.

 

[I Missthe North]

Looks like my best choice if Obama is elected is to quit my job and become a school teacher making $30,000/year. (Benefits are great, hours are flexible, summers off.) I guess it's time for me to stop busting my butt just to make 6 figures each year.

Are you really hating on the people that are the basis for a civilized society? The people that teach our youth. You are dumber then I thought. There is more to life then making 6 figures, but I am sure people like you are the reason we are in the mess we find ourselves in today. All you see is dollar signs. Caring about others, educating youth, giving back to society...only pussies believe in those principles Do you realize how stupid and arrogant you sound?

 

[xsited1]

Are you really hating on the people that are the basis for a civilized society? The people that teach our youth. You are dumber then I thought. There is more to life then making 6 figures, but I am sure people like you are the reason we are in the mess we find ourselves in today. All you see is dollar signs. Caring about others, educating youth, giving back to society...only pussies believe in those principles Do you realize how stupid and arrogant you sound?

Your insults are reprehensible. I have been a teacher in my past and will probably be a teacher in a few years. Why the intolerance?

 

[I Missthe North]

Your insults are reprehensible. I have been a teacher in my past and will probably be a teacher in a few years. Why the intolerance?

I have the utmost respect for you for teaching. My family is full of teachers and I think they do a great service to society and are under appreciated in the current system. I have a serious problem with people who fail to appreciate all they do for America's children and I thought that was the route you were going. I apologize if I jumped to conclusions. Either way, I don't see anything wrong with a candidate wanting to raise teacher's salaries. It would be in the best interest of America to draw our best and brightest into the world of education so they can pass on their knowledge to our youth. I believe one of the ways to do that is by making teaching competitive with the private sector in terms of compensation. Anyone that considers that a priority is good in my book.

 

[Red Dawn]

Simple analysis of Obama and McCain tax plans here

Notes:

The analysis does not point out that the 40% of people who do not pay any Federal tax will receive "tax cut" checks from the IRS.

The upper brackets (over 100K) have significant tax increases.

Sounds good. That's what we did in 1993, and the economy boomed.

I take it you prefer to follow Bush economics, the same economic policies we've followed for the last 8 years?

 

[xsited1]

I have the utmost respect for you for teaching. My family is full of teachers and I think they do a great service to society and are under appreciated in the current system. I have a serious problem with people who fail to appreciate all they do for America's children and I thought that was the route you were going. I apologize if I jumped to conclusions. Either way, I don't see anything wrong with a candidate wanting to raise teacher's salaries. It would be in the best interest of America to draw our best and brightest into the world of education so they can pass on their knowledge to our youth. I believe one of the ways to do that is by making teaching competitive with the private sector in terms of compensation. Anyone that considers that a priority is good in my book.

I have calmed down now. Just in case you want to know, I teach Physics, Mathematics, Engineering (Electrical) and Computer Science.