Tax hike for wealthy won't kill growth: CBO

Nov 8, 2012 | Posted by: roboblogger | Full story: Reuters

A man with a local group of upper income professionals who call themselves ''Tax-Us'' holds a sign during a rally at City Hall in San Francisco, California April 17, 2012.

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Chicopee

Danbury, CT

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#336
Nov 13, 2012
 

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anneutral wrote:
<quoted text>
Beginning in 2014, the Patient Protection and Affordable Care Act requires businesses with the equivalent of 50 or more full-time employees to provide health insurance coverage for their workers. Businesses with fewer than 50 employees are exempt from this requirement, although employees may be required to purchase their own coverage.
Everybody knows that. Your point?

Since: Oct 08

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#337
Nov 14, 2012
 

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barefoot2626 wrote:
<quoted text>
You enjoy cheese and whine with Romney when he was dodging the draft, cowering in France instead of serving, mooch?
Absolutely, except he didn't 'dodge' the draft, get your stories straight, before... you tell them??
Eleanor

Buffalo Grove, IL

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#338
Nov 14, 2012
 

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been there wrote:
I am on medicare and I pay a total of over 6 hundred dollars a month for two of us.Anyone that is forced to buy health insurance can expect to pay through the nose.Now you may say it's because of health problem,but not so,we both are in good health.People on medicaid will be ok,and people that are getting health insurance through their company will be ok.Most others will be in trouble.Obamacare will be a lot worse than people think.
Yes, people on medicare that carry insurance to cover those things NOT COVERED under medicare will find that insurance to be VERY EXPENSIVE.

You see those "Medicare Supplement" insurance commercials on TV all the time.

It ain't cheap!!

And without that supplemental insurance medicare recipients can and will experience very HIGH MEDICAL BILLS if/when they have a serious illness.(and old folks generally end up dying from a serious illness, leaving behind HUGE unpaid medical bills)
spud

United States

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#340
Nov 14, 2012
 

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Eleanor wrote:
<quoted text>
Yes, people on medicare that carry insurance to cover those things NOT COVERED under medicare will find that insurance to be VERY EXPENSIVE.
You see those "Medicare Supplement" insurance commercials on TV all the time.
It ain't cheap!!
And without that supplemental insurance medicare recipients can and will experience very HIGH MEDICAL BILLS if/when they have a serious illness.(and old folks generally end up dying from a serious illness, leaving behind HUGE unpaid medical bills)
You're right. But one thing they won't be leaving behind is their house or any other asset that can be sold and applied to their bill.

“your life is great”

Since: Aug 09

you poop in clean water

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#341
Nov 14, 2012
 

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Chicopee wrote:
<quoted text>
Everybody knows that. Your point?
maybe you should re-read your own post.

“your life is great”

Since: Aug 09

you poop in clean water

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#342
Nov 14, 2012
 

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Chicopee wrote:
<quoted text>
Everybody knows that. Your point?
Companies with 50 or more full-time equivalent employees and whose employees qualify for a tax credit when they purchase individual health insurance will have a choice: Provide adequate health insurance or pay a fine.
The fine is $2,000 per employee per year with the first 30 full-time employees exempt. This company has the equivalent of 60 full-time employees, but it would be on the hook for only 30, so the penalty would be $60,000.
hahahahahaha

Indianapolis, IN

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#343
Nov 14, 2012
 

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Chicagoan by Birth wrote:
<quoted text>It's his business, he can run it as he sees fit. It's called Giverment interferece, and he as a good business man knows it? It's not the government's place to tell us what we must buy. Quarterly profits in the billions?? You better re-read the profit and loss statement again? Anyway, you go out and start a business, work 16-20 hrs. a day and that includes weekends, bringing it along. Then after 5-6 yrs. it starts to make money, the Almighty Giverment comes along and changes the rules, every year, and you must comply. Now the Messiah in the White House, tells us we must purchase insurance or be fined. "Such a deal I gots for you".
And now the scum n chief wants to increase corporate tax on businesses that can barely pay the huge taxes they are forced to pay already.

I hope the Republicans hold firm and not allow this pos prez the ability to tax people more than they already pay.
hahahahahaha

Indianapolis, IN

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#344
Nov 14, 2012
 

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anneutral wrote:
<quoted text>
Beginning in 2014, the Patient Protection and Affordable Care Act requires businesses with the equivalent of 50 or more full-time employees to provide health insurance coverage for their workers. Businesses with fewer than 50 employees are exempt from this requirement, although employees may be required to purchase their own coverage.
One reason the economy has been stalled is for this reason. I know many people who own/manage/work for large businesses who are NOT going over 49 employees for this reason alone. Those who have no choice in this matter will pass every nickel on to the consumers. The only way to avoid the increase in costs of products and services is to quit consuming!!!!

oscumma admitted he couldn't do 7th grade math which explains why he has screwed up our country's economy. He's so stupid he won't even reveal his school records!
Eleanor

Buffalo Grove, IL

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#345
Nov 14, 2012
 

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anneutral wrote:
<quoted text>
Companies with 50 or more full-time equivalent employees and whose employees qualify for a tax credit when they purchase individual health insurance will have a choice: Provide adequate health insurance or pay a fine.
The fine is $2,000 per employee per year with the first 30 full-time employees exempt. This company has the equivalent of 60 full-time employees, but it would be on the hook for only 30, so the penalty would be $60,000.
And the $60,000 penalty for those 60 full-time employees is WAY LESS than what that company would have to pay in INSURANCE PREMIUMS for those employees.

(A decent insurance plan for those 60 employees would run the employer OVER $300,000/year.(A savings of $240,000 in paying the fine)
D Truth

United States

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#346
Nov 14, 2012
 
Lance Winslow wrote:
The GOP is simply going to have to come to terms with the reality that they lost their bid for the Presidency and with it the reins of the executive branch of the federal government. Their agenda is effectively decapitated. This does not leave them powerless, but they are not calling the shots. Get used to it.
Uh, we are in the same situation as we were in before the election. Democrat- President and Senate. House- Republican. Do you really think act 2 will be better? Watch out there's a fiscal cliff coming! No time- It's RECESS time

“your life is great”

Since: Aug 09

you poop in clean water

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#347
Nov 14, 2012
 

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businesses will get a 35%(50% in 2014) tax break on the amount they pay for their employees healthcare.
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and......, most businesses that offer benefits only pay 50% of the cost to begin with, the other 50% comes out of the employees gross pay.
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do none of you even understand how insurance works?
do any of you even understand that within the healthcare bill are caps that don't allow insurance companies to charge over 10% of a persons AGI?
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if the penalty is less, then they shouldn't offer insurance, and pay the fine that covers the cost of those people getting Medicaid.
coverage is coming, and they had better get ready.
McGruff

Elizabethtown, KY

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#348
Nov 14, 2012
 

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anneutral wrote:
businesses will get a 35%(50% in 2014) tax break on the amount they pay for their employees healthcare.
.
and......, most businesses that offer benefits only pay 50% of the cost to begin with, the other 50% comes out of the employees gross pay.
.
.
.
do none of you even understand how insurance works?
do any of you even understand that within the healthcare bill are caps that don't allow insurance companies to charge over 10% of a persons AGI?
.
if the penalty is less, then they shouldn't offer insurance, and pay the fine that covers the cost of those people getting Medicaid.
coverage is coming, and they had better get ready.
the cbo says over 700,000 jobs will be lost and many will lose the insurance they have now. Do you understand business?

“your life is great”

Since: Aug 09

you poop in clean water

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#349
Nov 14, 2012
 

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McGruff wrote:
<quoted text>
the cbo says over 700,000 jobs will be lost and many will lose the insurance they have now. Do you understand business?
yeah, nowadays it's synonymous with avarice.
spud

United States

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#350
Nov 14, 2012
 

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It's obvious that our current tax system is corrupt and too big to manage. Can you imagine how much time and money we could save by having a strict flat tax? Can you imagine how much lobbying corruption could be avoided? Can you imagine how much smaller the IRS could be? Why not?

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#351
Nov 15, 2012
 

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Chicagoan by Birth wrote:
<quoted text>Absolutely, except he didn't 'dodge'
Dodged the draft.

On top of being a chicken hawk.

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#352
Nov 15, 2012
 

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spud wrote:
Can you imagine how much time and money we could save by having a strict flat tax?
Can you imagine anyone so naive as to believe that someone like Romney would pay the same "flat" tax as everyone else?

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#353
Nov 15, 2012
 

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McGruff wrote:
<quoted text>
the cbo says over 700,000 jobs
Why are you still here?

You told us you were ashamed to be an American and yet you are still here bit@hing and moaning, you worthless whiny yellow coward, Kneepads.

Get out of my country, mooch.

Since: Oct 08

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#354
Nov 15, 2012
 

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barefoot2626 wrote:
<quoted text>
Dodged the draft.
On top of being a chicken hawk.
Where were you Barefootin'It,? While he was dodging the draft? I'd lay a dollar to a donut, you weren't even a twinkle in your Father's eye?

Since: Feb 08

Hypoluxo Fl

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#355
Nov 16, 2012
 

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Chicagoan by Birth wrote:
<quoted text>Where were you Barefootin'It,? While he was dodging the draft? I'd lay a dollar to a donut, you weren't even a twinkle in your Father's eye?
We know what you are. Another teabaggin' Sunshine Patriot that waves the flag and is afraid to defend it.

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#356
Nov 16, 2012
 

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Mykro wrote:
<quoted text>We know what you are. Another teabaggin' Sunshine Patriot that waves the flag and is afraid to defend it.
Don't go there, Micro. You know nothing of what I've done. Get over yourself. You hired a guy, who would muck up fixing coffee in an automatic coffee maker. Has screwed up the war. Piled more debt on taxpayers, than all previous administrations. P.T. Barnum said it best. "There's a sucker born every minute, and two to take 'em. He plays Barnum to a tee...

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