Tiggs, on 01 July 2012 - 12:29 AM, said:
I also have it on good authority that people who have large incomes already tend to have health coverage.
Doesn't mean they should be mandated to have it if they chose not to. Right?
Tiggs, on 01 July 2012 - 12:29 AM, said:
So you're claiming that the largest tax rise ever recorded in American history is less than 2.5% - and that you'd be able to reach that breathtaking colossal number only on the condition that every single American within the United States decided to drop their healthcare insurance all at the same time?
Or let me put it another way.
Politifact says that Reagan made bigger tax increases than that and that anyone saying otherwise is pants on fire lying.
I didn't click your link so well leave it up in the air wether it is the largest. However, it's still very large. $695 is the minimum figure I've heard. Aside from that lets go with the 2.5%. It sounds minuscule but a simple calculation will tell you what your tax penalty is.
Your gross income x .025 =? Example. $50,000 x .025 = $1,250
It sucks on two levels. First, that's gross income, not net. Second, that's $1250 on top of all the other taxes you pay. Goodbye tax refund. Hello emptier wallet for those who pay quarterly. In fact, it's not even financially beneficial to buy insurance to anyone making less than probably a couple hundred thousand a year. Hmm, I see it now. Sticking the eventual mess to the rich. Just realized that. A little math and a little thinking and obamas ideology just slapped me in the face. It'll be cheaper for us regular joes to take the fine. Assumng you are regular joe, won't you just take the fine? You'll be covered anyway.