Obamacare savings

So in your perfect world everyone could make a set amount and everything above that could go to the government.


So then I work 40 hr week @ 25.00 per hr because if I work any more I give it to the government. No need to try and make $45.00 per hr.

In fact if I can get by with 20 hrs the government will subsidize the other $500.

Eventually everyone will figure this out and work 20 hrs.


This sounds like a real good plan.


My leg is getting warm and wet. Are you trying to tell me it's raining?


Aside from that have a Merry Christmas and a Happy New Year.

eric lavine wrote: if the tax rate was 91%

So you are saying a 91% Fed Tax, and 11% State Tax, SS Tax, Medicare Tax and Property Tax and Gas Tax, and Food Tax. They would have no income left and only owe another 100k or so out of pocket..

Wonder how long they would work for this benefit ???

I quit at 50% when it was all added up. I am not going to work for 10-12hrs a day and give 50% of what I earn to those like my son that only work when the handouts stop. I will do with less and by happier.
People have different limits.

EDIT: Do not loose site that it is the Same Dollar that is being taxed with each of the taxes.

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:

•The first four men (the poorest) would pay nothing.
•The fifth would pay $1.
•The sixth would pay $3.
•The seventh would pay $7.
•The eighth would pay $12.
•The ninth would pay $18.
•The tenth man (the richest) would pay $59.
So, that's what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. "Since you are all such good customers", he said, "I'm going to reduce the cost of your daily beer by $20". Drinks for the ten now cost just $80.

The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his "fair share?"

They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so:

•The fifth man, like the first four, now paid nothing (100% savings).
•The sixth now paid $2 instead of $3 (33%savings).
•The seventh now pay $5 instead of $7 (28%savings).
•The eighth now paid $9 instead of $12 (25% savings).
•The ninth now paid $14 instead of $18 (22% savings).
•The tenth now paid $49 instead of $59 (16% savings).
Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings. "I only got a dollar out of the $20," declared the sixth man. He pointed to the tenth man, "but he got $10!" "Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got ten times more than I!" "That's true!!" shouted the seventh man. "Why should he get $10 back when I got only two? The wealthy get all the breaks!" "Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!" The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the
atmosphere is alot more frendly.

For those that really want to know how much you pay in Taxes in a given year can do what the wife and I did.
Open an account and for every tax you pay, no matter how small, deposit that ammount into the account. Banks do not charge for depositing money. Online Banking makes this very easy to do. Weekly worked for us.
You start on Jan 1st and do this until Dec 31st.
You have to adjust when you do your taxes in April the following year, or earlier for those that get refunds.
But when you complete the year, you have an actual number to subtract from you earned income to see your true Taxes paid.

Social security, it cuts off at 107k of income, so if you score 10 mil a year you pay on 107k. you pay into social security, but its broke because they borrowed from it and cant pay it back.....you guys should be pissed off about that, not an inheritance tax.....you wanna go on the best fastest ride at the fair, its gonna cost you some tickets, same as being a citizen of this country, it really sounds like you guys want everything for free but dont want to pay into it...imho

we take care of our poor and you hate it, all these hand outs, but you know what its a helluva lot better than taking care of the rich bstds in this country, i rather hand a crackhead 20.00 bucks to get a rock and a cup of coffee, than hand or surrender my money to them. and you dont blink an eye when some steals your money right out of your account, who is responsible for that the poor guy?
I really wasnt bull***************ting about the tax rate in 59, lets say you made 200 million this year after all done and said, you will still clear 16 million, in todays times not bad scratch, or if you took that surplus and re-invested back into your company, new technology, employ more people it wouldnt be taxable....thats how you grow and prosper. you know how many politicians to are businessmen? the ones that went and bought and broke up profitble companies and sold them off.
at the end of the day i dont see the current administration doing this, sure you can cherrypick, frank, pelosi,obama. but, because its not business as usual and they get the blame...face it he was left with a negative checkbook, 2 wars, a fcn housing crises, heathcare spinning out of control.....in my book thats known as a scapegoat. I personally dont agree or even like the guy, but, as the days go by, I have a tendency to figure out what happened

you know what, im telling my son Santa Claus isnt going to be as giving this year

Eric, I do not worry about the rich. They take care of themselves and I take care of myself. Everything that I have entered above speaks to me and my family and what we do. I feel that I was taxed too much for what is needed.... That is needed and not wanted... Fix the system and I will play again.

I do not hate the poor but I do dislike those that use it to take from the taxpayer and have no plans of ever earning a living to pay into the system.

Check out Food Stamps - a family of 2 get $465 per month in NC. Wife says that is more than she spends for the 2 of us. My wife and I have multiple rental properties and a condo at the beach and a small house on the lake as well as our home. All we have to do to get Food Stamps is get our bank accounts down below $5000. They do not care about the property you own or your long term investments. It always cost more to maintain rental property than you collect.... I put some cash under the mattress and we are in. I actually filled out the paper work for a joke and it came back qualified. We are still discussing if we take it or not. Wife is concerned what others will say.

Check out Unemployment, 99 weeks. Give me a break. I actually qualify in July and plan on filing. I have no plans of ever going back to work but I can get some of my money back that I payed in by playing the game. My grandson can use the money for college.

What a joke, but it is a way for me to put more money in the bank for later. I just have to be carefull how it affects my Food Stamps.

Until the system is fixed, I am done. Consider me a taker from the system from this point forward. But I want it fixed as much as the next Tax Payer.... If you do not like what I do, stop me... I support your efforts.

Thank you for your contribution to my grandsons college fund. His ticket to ride.....

your talking about volume,lets be educated and start talking percentages. the fcn average income in this country is 26k, even as little as 10 percent creates a heavy burden on that family..buffet paid 17% on lets say 30 billion, his secreatary paid a bigger percentage and she probably makes 22k. the guy outright says the rich do not pay enough in taxes. big corporations like GE probably recieved a refund, you and me are not making these laws, they are because it benefits them,
Critter if what your doing is true, you are part of the problem and not the solution, yes the government is creating an incentive for you not to work because there is no work, but too, they create incentives for top income earners to pay 17% on 30 billion, he should be paying the 35% tax rate on that income, not poor sally bustin 22k a year

people might accept taxes a little more if noy for the way the government spends the money. There is so much overcharge and waste.

Merry Christmas Eric and others.....

I do not think it to be a problem for me to want some of my overpaid taxes back. Yes, I do think I overpaid for many years.

Good of you to help the family for christmas.

Now, what if he were the Govt and he comes back next week for another Thousand. You ask what he did with the 1st thousand. He used 300 for his families Christmas, 400 he gave to 10 other families that told him they could use it, and 300 he invested in Kodak stock cause he felt it would be a good deal. It tanked.
He repeats the same use for the 2nd, 3rd and more thousand that you give him.
How long before you offer him only the 300 he used for his families need and you will help the needy you choose and invest should you feel that need?

Took me about 30 years.....

Again, Merry Christmas