Healthcare Bill Includes Tax on $1 Million+ Earners (5.4% surtax)

CNBC ^ | 7/14/2009 | Staff

[Red in Blue PA]

The healthcare overhaul proposal offered Tuesday by U.S. House of Representatives' Democrats will include an extra 5.4 percent tax on those earning more than $1 million.

One congressional aide said that would bring the top tax rate for the wealthy to 45 percent. An additional tax of 1 percent would be levied on those couples earning more than $350,000. Those with $500,000 incomes would pay an extra 1.5 percent, according to the legislative documents.

Increases could be triggered in 2013 to 2.0 percent and 3.0 percent, respectively. The millionaires' tax would remain at 5.4 percent, according to legislative documents.

[gusopol3]

Go jump in your Trabant and toddle off to GUM to wait in line for your weekly bread ration.

[mnehring]

I have a feeling that will go about ten miles over his head.

[sfvgto]

Remember how Al Gore defined a millionaire? He said if you make 250k a year for 4 years in a row then you are a millionaire.....

[socialismisinsidious]

Socialized Medicine aka Universal Health Care PING LIST

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[socialismisinsidious]

How the hell do you know that? Who are you to say what someone can and can't afford? Who made you decider king on what FREE people should spend their money on? Why should someone else pay for YOUR health care? Hey, Economic Genius (NOT) how long before government has a hand in your pathetic pocket?...take a look at history moron and you'll see that initially the AMT and the income tax were going to hit "only the rich"

I'm so sick of bleeding heard loony libs having no problem sticking their fat fingers in other peoples' pockets. Go push your sick socialist society somewhere else.

[Kid Shelleen]

or we may all be millionaires in a few years because of hyper inflation. The bad news is a loaf of bread may cost a hundred bucks..

[Cementjungle]

or we may all be millionaires in a few years because of hyper inflation. The bad news is a loaf of bread may cost a hundred bucks..

True indeed.

[TribalPrincess2U]

Drudge headlines

House bill to hit millionaires with 5.4% surtax...
‘Sweeping healthcare plan’...
and

Obama Open to Partisan Vote... ok, why would he want this?
To drag Republicans down with him?
Don’t they have power to just do it?

[G-Bob]

Obama Open to Partisan Vote... ok, why would he want this? To drag Republicans down with him? Don’t they have power to just do it?

That would be a bi-partisan vote. Obama is open to a bill that only garners Rat votes.

[TribalPrincess2U]

Thanks. I’m not too PS (politically sharp)

[ScottinVA]

“Why are you so concerned for millionaires, are you one? They don’t create jobs with all their extra money, they but $6,000 umbrella stands and throw ridiculously expensive sweet 16 parties for their kids. They can afford the extra tax.”

Wow, ALL of them, huh? And you’re rock-solid convinced the 5.4% surtax isn’t going to cascade down to lower levels of income? If so, you’re expressing a lot of faith in this current government.

[editor-surveyor]

Hey noobie troll, Take your spread-the-wealth Marxism back to DU!

[krb]

You are a foolish idiot.