Health Care Programs......
By iriscot
@iriscot (1289)
United States
August 20, 2009 10:59am CST
The Republicans are against any health care reform as put forward by the committee working on it. It has been reported that instead of health care reform they would rather give everyone a Tax Rebate to use to pay for your commercial insurance policy.
Let’s figure out what that would be for different groups of wage earners and give everyone a whapping big 25% tax rebate. Using the present taxable tables the examples would be as so for a married couple filing jointly. Now, they may be figuring on a smaller rebate percentage or a larger one. The larger they go, the more debt it will generate to our deficit and the only ones who will really gain are the insurance companies.
Example 1: A taxable income of $20,000.00 per year you would pay 10.83% equal to $2,165.00
You would get a tax rebate of 25% or 541.25
Insurance cost for a family would be around $850.00 per month or $10,200.00 per year
Deduct the tax rebate of $541.25 insurance cost would be $804.90 per month or $9,658.75 per year.
Example 2: A taxable income of $30,000.00 per year you would pay 12.22% equal to $3,665.00
You would get a tax rebate of 25% or $916.25
Insurance cost for a family would be around $850.00 per month or $10,200.00 per year
Deduct the tax rebate of $916.25 insurance cost would be $773.65 per month or $9,283.75 per year.
Example 3: A taxable income of $50,000.00 per year you would pay 13.32% equal to $6,665.00
You would get a tax rebate of 25% or $1,666.25
Insurance cost for a family would be around $850.00 per month or $10,200.00 per year
Deduct the tax rebate of $1,666.25 insurance cost would be $711.15 per month or $8,533.75 per year.
Example 4: A taxable income of $100,000.00 per year you would pay 17.38% equal to $17,375.00
You would get a tax rebate of 25% or $4,343.75
Insurance cost for a family would be around $850.00 per month or $10,200.00 per year
Deduct the tax rebate of $4,343.75 insurance cost would be $488.02 per month or $5,856.25 per year.
So, the republican tax rebate plan to help people purchase insurance from a private company rewards those who make the most money and have the largest taxable income. I didn’t figure it for someone who has a taxable income of $200,000.00 but they might get a rebate large enough to pay for their insurance without any additional cost. You can go to the tax tables and figure this one out.
This doesn’t look like a fair proposal to me. It looks like it just rewards the rich again.
4 people like this
4 responses
@jonakyl (493)
• United States
20 Aug 09
Or perhaps a tax rebate for the amount of their insurance instead of a percentage of their income. So if Family A pays $850 for insurance, instead of paying $2165 for taxes they only pay $1315.
Would that not be fair across the board for everyone?
I'm curious who suggested a 25% of income taxes owed rebate.
1 person likes this
@iriscot (1289)
• United States
20 Aug 09
I used the 25% just so the people who don't earn a lot of money could realize some kind of benefit in my examples. You can figure it with 10% or 15% or 50% and it still comes out the same. The RICH always are the ones who would benefit by the republican plan.
If you know anything about math you can figure it out yourself.
1 person likes this
@ashley1171 (109)
• United States
20 Aug 09
They just want the rich to get richer and the poor to poorer. They don't care about the low income citizens, because they believe that they aren't contributing much to the economy. They have little money to spare. With that being said they want the rich to reap more benefits and leave the poor high and dry.
We need something that will help the poor get the insurance they need and take care of themselves. My family had to drop health insurance completely because they were charging over $600 for one person with a $50 co-pay. Not only that we didn't make that much money to begin with.
The rich need to finally understand that there are people that need things more than they do. Instead of flaunting your money like so many of them do (i'm not speaking for all) why don't they help the poor get back on their feet.
1 person likes this
@iriscot (1289)
• United States
20 Aug 09
You are right ashley, the rich forgot that the working class of people are the ones that made them rich. Remember the story about "Midas", well the rich are concerned about one thing only and that is to keep the rest of us down, so they can retain all of the power.
I worked over 50 years starting at the age of 10 when I had to get a social security card in order to get paid setting pins in a bowling alley. I worked until my cancer forced me to stop 3 years ago. I've paid into social security all of those years. I am on medicare now but have to have a supplemental policy to cover all of my treatment bills. The only supplemental policy I could get costs me $320 a month for my wife and I.
There is a clause in the proposed medical bill that would make sure that a person with a pre-existing disease, even cancer, would be able to have insurance. I was fortunat to get the supplemental policy through an insurance broker who spent a lot of time searching until he found one and it had to kick in at the exact time the previous policy that I was under where I was working was closed out.
The insurance programs don't just need a "nip and tuck" here and there, they need a complete overhaul.
I feel for you and your family and hope that the government will be able to pass a bill that will help your cause.
Thanks for you response, it looks like I hit a hornets nest with a ball bat when I posted this one.
1 person likes this
@gewcew23 (8007)
• United States
20 Aug 09
Did I miss something? Do Republicans control the House, no. Do Republicans control the Senate, no, Do the Republicans control the Presidency, no. So what does it matter to you what their plans are? Your Democrats can do anything they want, Republicans can do nothing to stop it, so what is your gripe?
@jonakyl (493)
• United States
20 Aug 09
I think Iris is referring to the Republicans in the committees voting against things. For example, Dean Heller proposed an amendment to the Ways and Means Committee that would require verification of eligibility of all applicants to prevent illegal aliens from being provided health care. The Democrats in the committee voted it down. It never went up before the House or Senate because it never made it out of committee.
Of course with not only have control, but an overwhelming majority, it should be easy to get things passed through the House and Senate without Republican support. Unless...... well maybe the problem is that some of the Democrats don't even support the health care reform?
@ZephyrSun (7381)
• United States
20 Aug 09
LOL As always?! Got to love Republicans looking out for the wealthy because we've all seen how great Trickle Down Economics works haven't we?
1 person likes this
