empty vessel
Member
Without suggesting that any of this is accurate information (it was posted by Kosmo, after all), I'll respond assuming arguendo it is.
This is one of the industries that is responsible for gouging Americans who are sick. It got off easy with a tax. It should instead be subjected to a monopsony buyer, which I assure you would cost it more than 2.3%.
All of that is fine. The US government can create jobs at will, including jobs researching medical devices (if the point was supposed to be the loss of jobs in a specific industry). You present this as a problem. It isn't.
What's the problem? While I'd prefer taxes be raised on people making more than a million, people who earn $200,000 can certainly afford 3.8% more. If people in the $200,000 to $1,000,000 range are feeling oppressed, they can join with the sub-$200,000 crew and demand higher taxes on the over-$1,000,000 crew. Problem solved.
So they can just meet the standards. Problem solved.
Okay. What's wrong with controlling pollutants?
Okay. I personally support removing all taxation from corporations, provided we also stop pretending that they aren't government entities and stop treating them like citizens. But, until then, what's the problem? They are lucky they aren't subjected to monopsony purchasing power. This is a privilege, not a penalty. They should be thankful to Americans that we have allowed them to continue to gouge us.
Tanning beds cause cancer, which American citizens pay for. So consider this an end to free riders.
Not sure if they are double counting the taxes on the over $200,000 crowd, but this only applies to people making more than that amount. Again, I welcome the $200,000 - $1,000,000 income earning crew to join forces with the sub $200,000 income earning crew against the + $1,000,000 earning crew. Until then, fuck the +$200,000 income earning crew.
Affects high income earners only.
Affects high income earners only. You can tell the author was getting more desperate as his/her article went on.
Also called, eliminating the donut hole, which means that employers no longer require the subsidy. I thought Republicans were against government spending? Oh, that's right, they consider the elimination of government subsidies to businesses as "taxes."
Social responsibility. I think it's a stupid way to do universal health care, but, hey, no stupider than the Republican plan of killing Americans.
See above.
Well, they do get to profit from a faux market, no? Surely we can take some of that back from them?
This will basically simply eliminate such plans. Also stupid, but a consequence of caving into capitalists who insist on exploiting sick Americans. Because, you know, they are patriotic Americans.
Yay!
Funny, I thought supporters would know what was actually in the bill. Now ask who will be paying these (i.e. taxes always get passed to consumers).
The new taxes, which cost some $675 billion over the next decade, include:
• A 2.3% excise tax on U.S. sales of medical devices that's already devastating the medical supply industry and its workforce. The levy is a $20 billion blow to an industry that employs roughly 400,000.
This is one of the industries that is responsible for gouging Americans who are sick. It got off easy with a tax. It should instead be subjected to a monopsony buyer, which I assure you would cost it more than 2.3%.
Several major manufacturers have been roiled, including: Michigan-based Stryker Corp., which blames the tax for 1,000 layoffs; Indiana-based Zimmer Corp., which cites the tax in laying off 450 and taking a $50 million charge against earnings; Indiana-based Cook Medical Inc., which has scrubbed plans to open a U.S. factory; Minnesota-based Medtronic Inc., which expects an annual charge against earnings of $175 million, and Boston Scientific Corp., which has opted to open plants in tax-friendlier Ireland and China to help offset a $100 million charge against earnings.
All of that is fine. The US government can create jobs at will, including jobs researching medical devices (if the point was supposed to be the loss of jobs in a specific industry). You present this as a problem. It isn't.
• A 3.8% surtax on investment income from capital gains and dividends that applies to single filers earning more than $200,000 and married couples filing jointly earning more than $250,000.
What's the problem? While I'd prefer taxes be raised on people making more than a million, people who earn $200,000 can certainly afford 3.8% more. If people in the $200,000 to $1,000,000 range are feeling oppressed, they can join with the sub-$200,000 crew and demand higher taxes on the over-$1,000,000 crew. Problem solved.
• A $50,000 excise tax on charitable hospitals that fail to meet new "community health assessment needs," "financial assistance" and other rules set by the Health and Human Services Dept.
So they can just meet the standards. Problem solved.
• A $24 billion tax on the paper industry to control a pollutant known as black liquor.
Okay. What's wrong with controlling pollutants?
• A $2.3 billion-a-year tax on drug companies.
Okay. I personally support removing all taxation from corporations, provided we also stop pretending that they aren't government entities and stop treating them like citizens. But, until then, what's the problem? They are lucky they aren't subjected to monopsony purchasing power. This is a privilege, not a penalty. They should be thankful to Americans that we have allowed them to continue to gouge us.
• A 10% excise tax on indoor tanning salons.
Tanning beds cause cancer, which American citizens pay for. So consider this an end to free riders.
• An $87 billion hike in Medicare payroll taxes for employees, as well as the self-employed.
Not sure if they are double counting the taxes on the over $200,000 crowd, but this only applies to people making more than that amount. Again, I welcome the $200,000 - $1,000,000 income earning crew to join forces with the sub $200,000 income earning crew against the + $1,000,000 earning crew. Until then, fuck the +$200,000 income earning crew.
• A hike in the threshold for writing off medical expenses to 10% of adjusted gross income from 7.5%.
Affects high income earners only.
• A new cap on flexible spending accounts of $2,500 a year.
Affects high income earners only. You can tell the author was getting more desperate as his/her article went on.
• Elimination of the tax deduction for employer-provided prescription drug coverage for Medicare recipients.
Also called, eliminating the donut hole, which means that employers no longer require the subsidy. I thought Republicans were against government spending? Oh, that's right, they consider the elimination of government subsidies to businesses as "taxes."
• An income surtax of 1% of adjusted gross income, rising to 2.5% by 2016, on individuals who refuse to go along with ObamaCare by buying a policy not OK'd by the government.
Social responsibility. I think it's a stupid way to do universal health care, but, hey, no stupider than the Republican plan of killing Americans.
• A $2,000 tax charged to employers with 50 or more workers for every full-time worker not offered health coverage.
See above.
• A $60 billion tax on health insurers.
Well, they do get to profit from a faux market, no? Surely we can take some of that back from them?
• A 40% excise tax on so-called Cadillac, or higher cost, health insurance plans.
This will basically simply eliminate such plans. Also stupid, but a consequence of caving into capitalists who insist on exploiting sick Americans. Because, you know, they are patriotic Americans.
All told, there are 21 new or higher taxes imposed by Obama's health care law.
http://news.investors.com/article/6...urt-confirms-obamacare-massive-tax-burden.htm
Yay!