nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
Impossible.
Well, at least nun tells me that their employees will have great benefits.
As everyone should........
Impossible.
Well, at least nun tells me that their employees will have great benefits.
Note my prior post where I mention my experience with the online calculator. It is the middle class which will have the highest effective marginal "tax" rates of all with these health care reform proposals, due to the rapid phase-out of government health insurance subsidies smack-dab in the middle of the middle class income range. Yes, that technically only applies to those who don't have employer-based insurance, but I see this as a convenient excuse for private sector employers to abolish their health insurance just like so many have already done with pensions.
How that translates to "redistributing" wealth back to the middle class is beyond me, frankly.
That's why I deliberately put the word "tax" in quotes. Technically it may not be a tax but in terms of taking more money out of your paycheck for each extra dollar you earn, it still quacks like a duck.I think that "tax" is a serious misnomer in this case. A tax is money that the gov't takes away from you. A subsidy is money that the gov't gives you.
Even as individuals as we selfishly try to determine "what's in this for me", we'll have to keep our eyes on ALL costs and who they get shifted to. For example, many of the taxes associated with the Baucus plan are levied against medical device mfgrs and pharmaceutical companies. Of course, that money will ultimately come from consumers. And, I'm sure there are similarly shifted costs in the present system. Also there are bigger questions of US productivity that still affect us as individuals (and shareholders). Again, that could favor Baucus (or whatever thing emerges the present negotiation) or maybe not. So, just looking at who gets what in the direct taxation/subsidy game won't tell a person if he comes out ahead.For example, the median income for a family of 4 is about $70,000. At your age (44) this results in a subsidy of $2,268. Unless this family pays more than $2,268 in additional taxes due to the Baucus plan, they are money ahead. Income has been "redistributed toward them".
Nearly One-Third of Credit-Card Owners Hold High BalancesForty-three percent of American credit-card holders say they always pay off the full balance on their cards each month and another 17% say they usually pay their full balances each month. On the other hand, 25% acknowledge that they usually leave a balance and 12% say they usually pay only the minimum amount due each month (1% pay less than the minimum).
Yes. A low-level safety net to keep older folks fed and off the streets who could not or would not save for retirement.I think our current postion on retirement is pretty good - everybody has to participate in SS, lots of people have some payroll-deduct saving option, after that, you're on your own. SS provides a safety net for people who can't or won't save. If you want a better lifestyle, you have to save for it yourself. So I'm not looking for more gov't mandates. In particular, I don't like add-on mandatory savings plans like Ghilarducci's.