03-23-2009, 09:02 PM | #76 | |||||
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03-24-2009, 01:15 AM | #77 | ||||||
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The people they are serving are their shareholders, just like any other company. They make money for their shareholders by serving clients in as cost effective manner as possible. Welcome to business. They aren't there to be everybody's friend, they are there to turn a profit. If they don't turn a profit they don't stay in business and then they don't get to serve anyone.
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There is absolutely nothing in the constitution or other documents of the time to suggest the goal of the founding fathers was for all americans to achieve the same level of success and have all the same things. We are promised life, liberty, and the pursuit of happiness. To people who whine and complain about the differences we see based on our work and decisions all I have to say is quit your bitching and start pursuing. It's up to you to achieve what you want.
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03-24-2009, 08:51 AM | #78 | |
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Here is how I would think this one through. Approximately half of those w/o insurance work for small businesses who dont offer insurance. Over 90% of persons who earn so little that arent pay income taxes (get more back than they pay) are earning less than $20,000/yr. Are you suggesting that most small business employees earn less than $20,000/yr. One reason that SCHIP was expanded was that an increasing number of parents of working families did not have access to affordable health insurance.....this includes people making more than 200% of the poverty level. They pay taxes! |
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03-24-2009, 10:47 AM | #79 |
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On a simple H&R block Calculator a family of four earning $50,000 annually with no special deductions owes exactly $0 in federal income tax.
Calculator The same family earning $72,000 and deducting RE taxes and mortgage interest owed $1,548. That same family bumped up to $105,000 owe $7,388 in federal income tax. I'm self employed and so is my wife. Many small businesses may not offer medical insurance but most have access to plans that aren't paid for by the company. It is more expensive (I currently pay about $9,000 in medical insurance premiums) but that is a risk/reward calculation for the individuals. I'll stick with my earlier statement - if they earn so little as to be unable to pay for insurance they most likely earn so little they aren't paying income taxes either.
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03-24-2009, 10:49 AM | #80 |
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Incidentally, that same family earning $249,000 pays $51,086 to the feds.
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03-24-2009, 03:26 PM | #81 | |
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I assume you are referring in part to the earned income tax credit that caps at about $38k. When I have time, I will post IRS (or CBO) data that a family with children making $50k pay about 15-18% of their income in federal income (and FICA) taxes. I have seen no data anywhere that most employed persons who w/o health insurance pay no income taxes. Last edited by Redux; 03-24-2009 at 03:56 PM. |
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03-24-2009, 05:24 PM | #82 |
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I didn't input any information other than what I posted. the results are consistent with what I saw while working a project with some CPA's last year.
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03-24-2009, 05:53 PM | #83 |
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@ 72,000 I do believe the normal tax would be nearer to $5000 for a family of four.
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03-24-2009, 06:03 PM | #84 |
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Then it's on H&R Blocks head, not mine. I entered the same family of 4. W-2 income. $1500 property tax, $15,000 mortgage interest, and $500 charitable giving in each scenario.
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03-24-2009, 06:07 PM | #85 |
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That mortage interest is really high...3X what we pay.
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03-24-2009, 06:27 PM | #86 |
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6% on $250,000 = $15,000
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03-24-2009, 06:30 PM | #87 |
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Whats the monthly on a mortgage like that? $200O? That would really cut into the take home pay when you only earn $72000 a year.
I guess we just like to live within our means. |
03-24-2009, 06:36 PM | #88 |
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Lol. You won't find many people in Arizona and probably none in California who have a mortgage of less than $250,000.
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03-24-2009, 06:46 PM | #89 |
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Good.
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03-25-2009, 01:12 PM | #90 | |
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