“Let’s see, an example:
2 adults, 3 kids with $100,000/year income
20% of income and only 60% coverage (another $5,000?)
25% of gross income just cover health insurance
And that will be only if the health care costs don’t go up!”
Let’s go one better.
Family of 5 brings in 100,000 dollars a year. 28% fed taxes. Now have 72,000. 12% SS tax, now have 60,0000. State tax 8.25(blue state) now have 51,0000. Mortgage, let’s call it 2,000 a month. We now have 27,000. Knock off the 20,000 if or Obamacare. That family of 5 now has 7,000 a year to pay for food, gas, clothes, sales tax. And anything else that they may need.
So a family that makes 100,000 dollars a year is basically living in poverty.
LOL! Great analysis!
Game. Set. Match. Even if the IRS estimate is off, the middle class will be crushed. And that Obamaphone woman will be begging.
Now you are beginning to see the picture...all of your money really belongs to the gov, the banks and the school systems.
They have made it impossible for the average person to accumulate wealth without forgoing children...
They can use various mandatory insurances to drive your every move.
When the hyper-wealthy run out of good investments, what do they do? They start wars and create massive markets out of thin air by passing new laws.
Now everyone get into debt like good little piggies!