Yes, Actually, Obamacare Is the Biggest Tax Increase in History

Published:

Entry #8,153

Comments

Avatar bobbya -
#1
Wrong!
Obama Cares IS NOT the biggest Tax Increase in U.S. History!

That Honor or Dishonor,depending on who looks at it subjectively,belongs to Ronald Wilson Reagan who in 1983 passed and signed His "Social Security Reform Act" which raised the income level on which The FICA tax is deducted form the American workers paychecks to a level NOW,$106,900,that approximately 90% of American Working men and women NEVER meet!
That tax increase has been in effect for 29 years now bringing in to the treasury at least a trillion OR MORE.
Put into perspective a person making 1 million per year ONLY pays it a little more than 1/10 th of the year making it a tax hike on those that make less.
Avatar rdgrnr -
#2
Wrong again boobio.
Obamacare DWARFS any and every tax in history.
DWARFS!
Avatar JAP69 -
#3
which raised the income level on which The FICA tax is deducted form the American workers paychecks to a level NOW,$106,900,that approximately 90% of American Working men and women NEVER meet!
posted by bobbya : 9:43 AM
___________________________________

Heres the minimum rate table
http://www.ssa.gov/cgi-bin/smt.cgi

The max benefit
http://ssa-custhelp.ssa.gov/app/answers/detail/a_id/5/~/maximum-social-security-retirement-benefit
excerpt:
What is the maximum monthly Social Security retirement benefit?
The maximum benefit depends on the age a worker chooses to retire. For example, for a worker retiring at age 66 in 2012, the amount is $2,513. This figure is based on earnings at the maximum taxable amount for every year after age 21.

It is all based on your earnings. As the old saying goes.
You get what you pay for based on their calculation tables.
I did not take into consideration the SSI benefit rate
Someone making the max income for soc sec tax will pay in like over $416,000.00 to soc sec in a 30 year period.
I missed 15 years of calculation for amount paid in. $13,807.00 x 15 years added.
You calculate $13,890.00 paid per year to collect interest for 30 years how much would that be if they paid into their own retirement.
Avatar bobbya -
#4
Private accounts like the Republicans and Conservatives have long touted to be invested in the stock market would be run and/or managed by their Wall Street buddies who crashed the country,or those that crashed ENRON costing thousands their retirement money.
They would make billions in fees,invest YOUR money in their scams that will crash right before you retire leaving you nothing.
Rupert Murdoch OWNS The DOW and the Wall Street Journal.
Does anybody believe that he cares about the best interests of the vast majority of American tax Payers?
Avatar louise black -
#5
That right Bobbya ,i was watching a segment on C-span and there a was gentleman saying the exact thing, he just didn't exactly name Murdoch. But it was along those lines.
Avatar computerhead723 -
#6
funny your saying tax increase while employers who are   already using The aforable Health care act and got   back 85% of the cost   of their insurance cost from the Gov. which gives employers up to 85 back on their taxes ...seems to me you cannot back up   your facts with   any concrete evidence.....most   of The AHA wont even start untill the end of next year ...your spreading domm and Gloom politics without going over the facts and spreading hate ..
Avatar scorpio -
#7
a lot of it is because these same doomers and gloomers have been cheating and using medicaid without paying anything and make more then 30 thousand a year,and now have to pay their share for health insurance and are running scared,as they can't get over anymore!!

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