Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

U.S. House May Include Surtax on Wealthy (4% above $200K)in Health-Care Package
Bloomberg | July 7, 2009 | Ryan J. Donmoyer

Posted on 07/07/2009 9:56:20 AM PDT by reaganaut1

No excerpt allowed from Bloomberg.com, story here .


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: 111th; bho44; bhohealthcare; bhotaxincrease; biggovernment; democrats; healthcare; moregovernment; obama; socialism; socialistagenda; taxes; taxincreases; unemployment
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 141-155 next last
To: Deo volente

Very worthwhile revision.


21 posted on 07/07/2009 10:11:22 AM PDT by CSM (Business is too big too fail... Government is too big to succeed... I am too small to matter...)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Niteranger68

Nope, just a response, although if my wife and I earned 200K, we would consider ourselves to be extremely wealthy.


22 posted on 07/07/2009 10:11:33 AM PDT by stuartcr (Everything happens as God wants it to...otherwise, things would be different.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: GraceG

You have many middle class families who have two hard working parents earning 200k. It could be a teacher and a fireman here in CA. The extra 4% would come straight out of their housing costs..and further kill the housing market. People like that aren’t going to give up their savings..cause they know they need it. They are already going to hold on to their old cars. But, they will scale back their home purchase to match their take home pay.


23 posted on 07/07/2009 10:11:51 AM PDT by Oldexpat
[ Post Reply | Private Reply | To 17 | View Replies]

To: w1andsodidwe
Or Sports figure.
Or hollywood trash actors(esses).
Or a singer that makes such a huge contribution to humanity with his or her very presence - like Brittany or Madonna
24 posted on 07/07/2009 10:12:39 AM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
[ Post Reply | Private Reply | To 18 | View Replies]

To: stephenjohnbanker

So they want to tax (some of) us to fix a health care program that is not broken and one that 87% of the general population doesn’t want. We need to get these arseholes out of Washington.


25 posted on 07/07/2009 10:12:58 AM PDT by Free America52 (I just want it to be the way it always has been.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: reaganaut1
What no 4% match from the Employer?

( sarc/off.... )

Hey maybe if Country Wide gets into the medical business, Dodd and Frank can get a sweetheart deal...

Ewww... I can't believe I said Frank and sweetheart in the same sentence....

26 posted on 07/07/2009 10:13:13 AM PDT by taildragger (Palin / Mulally 2012)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldexpat

Zero keeps telling us health care reform is going to save money. So why do they need to raise taxes?


27 posted on 07/07/2009 10:13:52 AM PDT by BigBobber
[ Post Reply | Private Reply | To 23 | View Replies]

To: reaganaut1

Smokescreen. That won’t give them enough money. Remember Clinton tax on millionaires?

Any tax increase will hit everyone making over $50k


28 posted on 07/07/2009 10:14:53 AM PDT by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldexpat
The 4% will come out of their 401(k)'s but that is ok...

These stooges will go along with Rep Miller's Gov't Annunity sceme to replace 401's etc, because it will help ease their pain....

You didn't see that coming?

29 posted on 07/07/2009 10:15:19 AM PDT by taildragger (Palin / Mulally 2012)
[ Post Reply | Private Reply | To 23 | View Replies]

To: stuartcr

” although if my wife and I earned 200K, we would consider ourselves to be extremely wealthy.”

Depends upon where you live.

My kids make $235K married and can’t afford to buy a house in Arlington VA where they live.

A tiny craftsman on a miniscule lot is 800K


30 posted on 07/07/2009 10:15:40 AM PDT by OpusatFR (Those embryos are little humans in progress. Using them for profit is slavery.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: reaganaut1
Remember sheeple - at least half the voting population THINK that they don't pay taxes so they will vote for each and every increase. What the suckers don't realize is that they do pay a multitude of hidden and not-so-hidden taxes, and then the pols play a shell game so that no one know what they are paying. Your City taxes end up in the state's coffers, the Feds are handing out subsidies to companies and local government and citizens, fees are payable here, there and everywhere - who knows?

That dumb half will always vote your taxes up.

31 posted on 07/07/2009 10:15:49 AM PDT by I am Richard Brandon
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1
...and was projected to reap as much as $832 billion over 10 years.

As if the government sowed it...

32 posted on 07/07/2009 10:18:51 AM PDT by HoosierHawk
[ Post Reply | Private Reply | To 1 | View Replies]

To: GonzoGOP
I thought nobody making less then 250k was going to get a tax increase?

All of the extra charges on people making less than 250k are, essentially, voluntary. Obama isn't, thus, raising their taxes, they are raising their own taxes.

Obama isn't making them smoke... have private health insurance... use energy... have a job... it's all voluntary.

33 posted on 07/07/2009 10:20:39 AM PDT by lgwdnbdgr
[ Post Reply | Private Reply | To 7 | View Replies]

To: OpusatFR
My kids make $235K married and can’t afford to buy a house in Arlington VA where they live.

A tiny craftsman on a miniscule lot is 800K


Yep, it will kill middle class people in places like that. It won't hurt very many where I am though.

I expect Texas to get another population boost for sure.
34 posted on 07/07/2009 10:20:44 AM PDT by Arkinsaw
[ Post Reply | Private Reply | To 30 | View Replies]

To: reaganaut1

The Democrats are stupid...jacking up taxes in the middle of the worst recession since the 1930s. Of course, they did the same thing back then, too, and look where that got the US.


35 posted on 07/07/2009 10:21:33 AM PDT by rabscuttle385 ("If this be treason, then make the most of it!" —Patrick Henry)
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1

I’m surprised they are not aiming for a psychologically-sound 1%.

Why? OK, what benefit is there to introducing a minimum mileage requirement of 1 mpg for cars? Easy. To opponents, they simply say, “what on earth is wrong with you? Do you honestly believe a car that gets less than 1 mpg should belong on the road, or that such a car is even necessary by any stretch of the imagination? This is a common-sense rule all Americans can afford and embrace! Honestly, how can one say 1 mpg is too much to ask?” What follows is obvious.

For the wealthy-tax, it will be cut down to 1% in the senate, and will then pass. Even 0.001% is all they politically need, because after that it is a case of adjusting an existing lever, or engineering formulae such that rates automatically adjust to higher levels gradually with time and/or abruptly via the triggering of certain conditions. They can take 1% in 2010, and by 2013 get that up to 4%, with the additional rate applying to incomes down to the $125k level (kept in constant 2009 dollars...they have learned that indexing tax brackets to inflation is a big no-no - it is only convenient for government benefits to be thusly indexed).


36 posted on 07/07/2009 10:22:44 AM PDT by M203M4 (A rainbow-excreting government-cheese-pie-eating unicorn in every pot.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1
From each according to his ability, to each according to his need -- Karl Marx
37 posted on 07/07/2009 10:24:27 AM PDT by La Lydia
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1
The damage these idiots are doing to our nation's shorterm and longterm economic viability is breathtaking. They are chasing private capital out of the country as fast as possible and saddling us with insurmountable debt. Simply breathtaking.
38 posted on 07/07/2009 10:24:33 AM PDT by americanophile (Sarcasm: satirical wit depending for its effect on bitter, caustic, and often ironic language.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1

Move every dime you can into a Roth IRA.

If you make more than 100K/year you can’t do it this year, but you will be able to do it next year.


39 posted on 07/07/2009 10:24:47 AM PDT by freespirited
[ Post Reply | Private Reply | To 1 | View Replies]

To: OpusatFR

My wife and I have lived in a number of places, and we’ve never earned 200k. I would consider myself wealthy if I made that much, anywhere.


40 posted on 07/07/2009 10:25:40 AM PDT by stuartcr (Everything happens as God wants it to...otherwise, things would be different.)
[ Post Reply | Private Reply | To 30 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 141-155 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson