Posted on 03/26/2010 9:54:10 PM PDT by 2ndDivisionVet
The Obamacare taxing starts now..........
And when comes time to expend the monies collected in the near term, the monies will mysteriously have disappeared, so taxes will be raised to make up the shortfall.
Lend me a nickle for hamburger today
One study says ObamaCare will cost, from the get-go, an extra $46,000 in taxes for a person who earns $1 million a year. No big deal, right? Wrong! That one million bucks is actually $500,000 after-tax; $46k is almost a 10% surcharge. And that means that million-dollar guy or gal will spend $46,000 less on other items that lead to more jobs: cars, private planes, fat-cat pleasure boats, jet skis, vacations, home renovations.
Those are great points, but the effects are even worse.
Most "millionaires" are proprietors of small businesses. Increasing the marginal tax rate on their business income is a direct tax on jobs.
The truly rich, a very small number of people, do not spend most of their income. They invest it in corporate stock and bonds or government bonds. This means, again, that this is a tax on capital and the jobs it creates, or, in the case of Treasury bonds, a direct increase in the deficit.
Medicaid does cover dental bills for children - both routine visits and emergency care. So, one could assume that those who qualify for subsidized care and who are added to a state’s Medicaid roles, will have dental coverage for their children.
If you have a certain amount of money each month that you have earmarked for bills, that’s totally going out the window. You now have to use money that was designated for something else to pay for Obama’s CommieCare.
Yep, and that's before the federal sales tax of about 15% - 20%, coming soon to "help the deficit."
Not if you’re Muslim or Amish.
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