1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

How The Healthcare Bill Affects You

Discussion in 'Members' Lounge' started by reckedracing, Mar 23, 2010.

  1. reckedracing

    reckedracing TTIWWOP VIP

    Messages:
    21,057
    Likes Received:
    1,180
    Joined:
    Dec 5, 2002
    Location:
    NY
    This is from the Washington Post which is presumably left I imagine?

    Check it out and see what it says for you.
    all results based on single with employer provided insurance

    $1 = If you pay more than 9.5% of your income in premiums, beginning no later than 2014, you will be eligible for Medicaid. The health bill expands Medicaid to all individuals and families with income at or below 133 percent of the federal poverty level. Depending on where you live, people with higher incomes may also be eligible.

    40k income = credits to keep out of pocket expense under a certain level.

    Beginning in 2014, if you pay more than 9.5% of your income in premiums you will have the option to receive tax credits to help afford insurance premiums in the new exchanges as well as assistance with deductibles and co-payments. According to your income and family size, the tax credits will ensure you do not spend more than $3800 on premiums. Your maximum out-of-pocket costs for deductibles and co-payments would be capped at 30% of the total cost.

    90k = no change

    250k= no change for coverage, but higher medicare tax from paycheck and 3.8% tax on investment income.

    Your Medicare payroll taxes will increase by 0.9% (from 1.45% to 2.35%) and you will have to pay a 3.8% tax on investment income.

    What does the health care bill mean to me? (washingtonpost.com)
     
  2. 95b16coupe

    95b16coupe New Member

    Messages:
    6,538
    Likes Received:
    224
    Joined:
    Nov 6, 2008
    Location:
    ct
    YES!!!!

    now the stock market gains will be taxed even higher. thus causing more people to withdraw money and place into cash and fixed income. in turn there will be less money in the market causing our stock prices to tumble.

    i'm so fucking excited for this.

    want to fuck the government? put every penny of extra money into municipal bonds. there is no taxation on those.
     
  3. reckedracing

    reckedracing TTIWWOP VIP

    Messages:
    21,057
    Likes Received:
    1,180
    Joined:
    Dec 5, 2002
    Location:
    NY
    long term rates of 15% and short term rates the same as ordinary income
    so it would be 18.8% tax on long term gains
    i dont really see a 4% increase causing people to cash out of the market

    and not all munys are tax free

    just sayin...

    also note, that increase is only for the top tier income levels, which i don't think anyone on this board are subject to as this time.

    i just thought it was an interesting tool to help people sift through all the bullshit going around
     
    Last edited: Mar 23, 2010
  4. 95b16coupe

    95b16coupe New Member

    Messages:
    6,538
    Likes Received:
    224
    Joined:
    Nov 6, 2008
    Location:
    ct
    people don't want to lose money. even if it is just 3.8%.

    i still dont' see how this can be a "good" thing. show me someone this works for, and i'll show you someone who didn't vote.

    do you think all the celebs who endorsed obama are happy now that they are going to get taxed to shit?

    hey angelina jolie, now that you got your pres, how do you feel about losing your dollars?

    sounds kinda backwards to me. taxing the wrong people. lol
     
  5. B16

    B16 Super Moderator VIP

    Messages:
    11,539
    Likes Received:
    534
    Joined:
    Sep 30, 2002
    Location:
    yay area, CA
    That $250k is per family, so ya I am affected...
     
  6. Drake

    Drake Well-Known Member VIP

    Messages:
    8,633
    Likes Received:
    420
    Joined:
    Oct 6, 2003
    This is taking the whole health care bill down to the lowest common denominator because most folks truly believe that this concerns only health care and lowering premiums and such. This is ignoring the one trillion dollar college loan bullshit and all the other back alley sideways dealing pork cock that they stuffed into it.
     
  7. reckedracing

    reckedracing TTIWWOP VIP

    Messages:
    21,057
    Likes Received:
    1,180
    Joined:
    Dec 5, 2002
    Location:
    NY
    HI from employer
    2 person household
    $250k income
    married = no change

    $250,001 = Your Medicare payroll taxes will increase by 0.9% (from 1.45% to 2.35%) and you will have to pay a 3.8% tax on investment income.

    well, isnt that some shit.

    this is true, i was hoping to leave that to the other thread
    this thread is not an endorsement of the bill at all, just something to talk about
     
  8. invisibledemon

    invisibledemon Bored Moderator VIP

    Messages:
    7,402
    Likes Received:
    626
    Joined:
    Jan 15, 2007
    Location:
    Tn
    yeah, just like obamas campaign trail that he is about to embark on, and the speeches that all dems coming up for re-election are going to give, it only concentrates in the good parts.

    they are about to actively campaign and literally only tell half the story.
    lies of omission.
    a veil over the ugly part if their old ass faces.
     
  9. Drake

    Drake Well-Known Member VIP

    Messages:
    8,633
    Likes Received:
    420
    Joined:
    Oct 6, 2003
    Fair enough!

    I will not be effected I already get "federal health care" being that I work for the feds.
     
  10. invisibledemon

    invisibledemon Bored Moderator VIP

    Messages:
    7,402
    Likes Received:
    626
    Joined:
    Jan 15, 2007
    Location:
    Tn
    wait, you're one of them?!

    you will now be our scapegoat for anything that they do.

    even though i know you probably have nothing to do with any of it, im still going to blame you, and neg rep too.

    lmao, jk.
    but, i will now make jokes about it.
     
  11. Drake

    Drake Well-Known Member VIP

    Messages:
    8,633
    Likes Received:
    420
    Joined:
    Oct 6, 2003
    I work for one of the only Departments that actually attempts to provide a decent service to folks who actually deserve it. And what I do for them also directly affects our customers, I attempt to make sure there information and shit does not get stolen or lost.
     
  12. DarkHand

    DarkHand Senior Member VIP

    Messages:
    5,117
    Likes Received:
    241
    Joined:
    Sep 30, 2002
    Location:
    Chicago, IL
    It's still all your fault.


    :D
     
Verification:
Draft saved Draft deleted

Share This Page