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(Tampa Bay Online)   CBO releases new report that reveals how the taxes that Obama will not levy on the middle class will be levied on the middle class   (www2.tbo.com) divider line 159
    More: Obvious, Congressional Budget Office, obama, Massachusetts Health Care, Poverty in the United States, United States House Committee on Ways and Means  
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1117 clicks; posted to Politics » on 20 Sep 2012 at 12:08 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-09-20 12:10:10 PM
Whatever, buy insurance. This horse isn't getting any deader
 
2012-09-20 12:10:32 PM
I still think it is better than Romney's secret tax plan that we can't know about until he's elected........especially when we know we doesn't give a rats ass about 47% of the country because he bases his policies on fallacies. The fact that his economic advisers are the same Bush Jr. neocons that got us into this mess in the first place doesn't help either.
 
2012-09-20 12:11:30 PM
And not a single one of them has to actually pay the tax.

They just have to get health insurance.
 
2012-09-20 12:11:52 PM
A. Either they can afford and choice not to have it, which ends up costing everyone more so buy it, or B. They can't afford it and therefor won't get hit with the penalty.
 
2012-09-20 12:12:19 PM
Or they could get health insurance. Nice try subby.
 
2012-09-20 12:12:29 PM
Very nice, troll.com. Now there are six consecutive bullsh*t links. Someone's going for a record.
 
2012-09-20 12:15:58 PM
WASHINGTON - Nearly 6 million Americans - most of them in the middle class - will face a tax penalty for not carrying medical coverage once President Barack Obama's health care overhaul law is fully in place, congressional budget analysts said today.


*shrugs*

This is like biatching about the fine you got for speeding...

Don't want to pay a fine? Don't speed.

Don't want to pay a tax penalty for not having health insurance? Get Health Insurance.

The family and I have our health insurance through the Health Connector set up here in MA when MAHealth was implemented and it's the best insurance we've had. It actually covers more than any of the health plans we had through past employers and costs less.

It's the law of the land now, so if you're paying the tax penalty, you've either decided it's cheaper to pay the fine than get insurance or you're too lazy to get off your ass and get the basic level of coverage required.
 
2012-09-20 12:31:45 PM

keylock71: WASHINGTON - Nearly 6 million Americans - most of them in the middle class - will face a tax penalty for not carrying medical coverage once President Barack Obama's health care overhaul law is fully in place, congressional budget analysts said today.


*shrugs*

This is like biatching about the fine you got for speeding...

Don't want to pay a fine? Don't speed.

Don't want to pay a tax penalty for not having health insurance? Get Health Insurance.

The family and I have our health insurance through the Health Connector set up here in MA when MAHealth was implemented and it's the best insurance we've had. It actually covers more than any of the health plans we had through past employers and costs less.

It's the law of the land now, so if you're paying the tax penalty, you've either decided it's cheaper to pay the fine than get insurance or you're too lazy to get off your ass and get the basic level of coverage required.


yea, I better get off my lazy ass and make my employer offer health insurance! I'm so damn lazy!

Why don't I just buy more money?!
 
2012-09-20 12:32:30 PM
How will the verification/certification/enforcement process work on something like this?
 
vpb [TotalFark]
2012-09-20 12:33:04 PM
You mean how some stupid people will voluntarily chose to pay the tax because they won't take responsibility for their own lives?
 
2012-09-20 12:35:03 PM
The mandate is necessary to the success of the ACA. I would have much preferred single payer, but was realistic enough to know that it could never get through the Senate.

What the Obamacare opponents fail to mention, however, is that a significant number of working class and middle class families will actually be getting a tax cut. I make about $53,000 per year and pay almost $1,000 per month to insure my family of three (my wife has a chronic medical condition and doesn't work). I expect my cost to go down in 2014 due to subsidies that will be available.
 
2012-09-20 12:38:04 PM

SuperT: yea, I better get off my lazy ass and make my employer offer health insurance! I'm so damn lazy!

Why don't I just buy more money?!


Health Insurance Exchanges

Knowledge is your friend.
 
2012-09-20 12:38:21 PM

SuperT: yea, I better get off my lazy ass and make my employer offer health insurance! I'm so damn lazy!

Why don't I just buy more money?!


If your employer doesn't offer it, you probably don't make enough money to be fined for not having health insurance.
 
2012-09-20 12:40:00 PM

Spanky_McFarksalot: A. Either they can afford and choice not to have it, which ends up costing everyone more so buy it, or B. They can't afford it and therefor won't get hit with the penalty.


Or

C: They can't afford it, but make too much, so they get hit with the penalty.

I know many people who are just barely scrapping by, and cannot afford another bill, even though they make decent money. I am one of them (although I have insurance, but could not afford another bill without sacrifice).
 
2012-09-20 12:41:00 PM
I'll be taxed if I don't have something I fully want to have in the first place???

THIS IS AN OUTRAGE!
 
2012-09-20 12:43:27 PM

dinomyar: Spanky_McFarksalot: A. Either they can afford and choice not to have it, which ends up costing everyone more so buy it, or B. They can't afford it and therefor won't get hit with the penalty.

Or

C: They can't afford it, but make too much, so they get hit with the penalty.

I know many people who are just barely scrapping by, and cannot afford another bill, even though they make decent money. I am one of them (although I have insurance, but could not afford another bill without sacrifice).


What kind of sacrifice isn't worth healthcare for your family?
 
2012-09-20 12:46:03 PM

dinomyar: Spanky_McFarksalot: A. Either they can afford and choice not to have it, which ends up costing everyone more so buy it, or B. They can't afford it and therefor won't get hit with the penalty.

Or

C: They can't afford it, but make too much, so they get hit with the penalty.

I know many people who are just barely scrapping by, and cannot afford another bill, even though they make decent money. I am one of them (although I have insurance, but could not afford another bill without sacrifice).



I'm not sure how you'd be in that situation, unless you have a crapton of other debt that's killing you. Wouldn't that drive your taxable income down below the limits though?
 
2012-09-20 12:46:17 PM
but my libertarian friends tell me it's still unconstitutional!
 
2012-09-20 12:46:22 PM
I guess the fact that you can avoid that 'tax' by properly managing your withholdings is irrelevant to people who ignore logic.
 
2012-09-20 12:46:42 PM

hillbillypharmacist: SuperT: yea, I better get off my lazy ass and make my employer offer health insurance! I'm so damn lazy!

Why don't I just buy more money?!

If your employer doesn't offer it, you probably don't make enough money to be fined for not having health insurance.


probably not, but I am left wondering for the people who end up having to buy their own, will the fed help them out month to month, or add it to the tax return, because I know which I would prefer. I'd much rather have help reducing monthly costs than a lump sum in jan.
 
2012-09-20 12:47:19 PM

Tor_Eckman: And not a single one of them has to actually pay the tax.

They just have to get health insurance.


And they still don't really have to pay it if they don't get insurance.
 
2012-09-20 12:50:06 PM

minoridiot: How will the verification/certification/enforcement process work on something like this?


Link

"Let's say you don't buy insurance and you simply refuse to pay the mandate. What can the government do to make you pay?

Well, unlike if you refuse to pay your taxes, it can't throw you in jail or put a lien on your home or other property (page 336 of the legislation). It can potentially reduce your tax refund, but that's really it. If you're not getting a tax refund, you're free and clear."
 
2012-09-20 12:52:35 PM

SuperT: probably not, but I am left wondering for the people who end up having to buy their own, will the fed help them out month to month, or add it to the tax return, because I know which I would prefer. I'd much rather have help reducing monthly costs than a lump sum in jan.


You could adjust it out yourself by decreasing your income tax withholding by the amount you expect to get in January.
 
2012-09-20 12:57:08 PM

CPennypacker: dinomyar: Spanky_McFarksalot: A. Either they can afford and choice not to have it, which ends up costing everyone more so buy it, or B. They can't afford it and therefor won't get hit with the penalty.

Or

C: They can't afford it, but make too much, so they get hit with the penalty.

I know many people who are just barely scrapping by, and cannot afford another bill, even though they make decent money. I am one of them (although I have insurance, but could not afford another bill without sacrifice).

What kind of sacrifice isn't worth healthcare for your family?


As I said, I have insurance. But as to what sacrifice would I not do, how about -

FOOD for my family.
ROOF over my family's head.

Some people don't have a lot of extras to sacrifice.

The reason I have insurance is because of sacrifice.

I have NO cell phones, even though my kids are ostracized at school for it.
We eat mostly generic and store brands, not name brands.
My kids wear mostly hand-me-downs and yard sale clothes. My oldest son has had an issue this year because he is wearing one of the same shirts he wore last year, his favorite.

And many others.
 
2012-09-20 12:59:20 PM

dinomyar: CPennypacker: dinomyar: Spanky_McFarksalot: A. Either they can afford and choice not to have it, which ends up costing everyone more so buy it, or B. They can't afford it and therefor won't get hit with the penalty.

Or

C: They can't afford it, but make too much, so they get hit with the penalty.

I know many people who are just barely scrapping by, and cannot afford another bill, even though they make decent money. I am one of them (although I have insurance, but could not afford another bill without sacrifice).

What kind of sacrifice isn't worth healthcare for your family?

As I said, I have insurance. But as to what sacrifice would I not do, how about -

FOOD for my family.
ROOF over my family's head.

Some people don't have a lot of extras to sacrifice.

The reason I have insurance is because of sacrifice.

I have NO cell phones, even though my kids are ostracized at school for it.
We eat mostly generic and store brands, not name brands.
My kids wear mostly hand-me-downs and yard sale clothes. My oldest son has had an issue this year because he is wearing one of the same shirts he wore last year, his favorite.

And many others.


Smaller house, cheaper car, nothing you would/could give up? I'm sure if your job dropped insurance benefits you would find a way to get your family covered.
 
2012-09-20 01:02:10 PM

dinomyar: CPennypacker: dinomyar: Spanky_McFarksalot: A. Either they can afford and choice not to have it, which ends up costing everyone more so buy it, or B. They can't afford it and therefor won't get hit with the penalty.

Or

C: They can't afford it, but make too much, so they get hit with the penalty.

I know many people who are just barely scrapping by, and cannot afford another bill, even though they make decent money. I am one of them (although I have insurance, but could not afford another bill without sacrifice).

What kind of sacrifice isn't worth healthcare for your family?

As I said, I have insurance. But as to what sacrifice would I not do, how about -

FOOD for my family.
ROOF over my family's head.

Some people don't have a lot of extras to sacrifice.

The reason I have insurance is because of sacrifice.

I have NO cell phones, even though my kids are ostracized at school for it.
We eat mostly generic and store brands, not name brands.
My kids wear mostly hand-me-downs and yard sale clothes. My oldest son has had an issue this year because he is wearing one of the same shirts he wore last year, his favorite.

And many others.


Then you've misinterpreted your situation and you aren't actually making "decent money".

You are working poor. Congratulations. Welcome to the ever growing club of "people who will work until they are dead."

High five. It kind of sucks, but there's lots of company. On the bright side, you don't have to worry about the mandate.
 
2012-09-20 01:08:09 PM

BeesNuts: Then you've misinterpreted your situation and you aren't actually making "decent money".

You are working poor. Congratulations. Welcome to the ever growing club of "people who will work until they are dead."

High five. It kind of sucks, but there's lots of company. On the bright side, you don't have to worry about the mandate.



...And if it's run the same way it's been run here in MA, you will be able to take advantage of subsidized insurance plans offered to low-income families.
 
2012-09-20 01:08:42 PM
CBO also failed to mention that when a person sells their house there is a new 3.8 percent tax from 0bamacare

Wait till people realize that.
 
2012-09-20 01:09:59 PM
BeesNuts:
Welcome to the ever growing club of "people who will work until they are dead."

are there dues or do we just hang out chat & drink beer? where do i sign up?
 
2012-09-20 01:12:06 PM

tenpoundsofcheese: when a person sells their house there is a new 3.8 percent tax from 0bamacare


static.politifact.com.s3.amazonaws.com
 
2012-09-20 01:13:00 PM

dinomyar: My oldest son has had an issue this year because he is wearing one of the same shirts he wore last year, his favorite


What? I was wearing clothes I got in the 8th grade until... well, the future Mrs. Howell keeps threatening to put a stop to that, so maybe I'll stop one day. Do people just throw out their kids' clothes every year?
 
2012-09-20 01:14:03 PM

tenpoundsofcheese: CBO also failed to mention that when a person sells their house there is a new 3.8 percent tax from 0bamacare


I'll be happy to pay 3.8% on the amount over half a million dollars of profit on a house I sell.

You know why? Because about no one is going to be paying it except the extremely wealthy, and only on sales where capital gains taxes were already going to be applied.
 
2012-09-20 01:15:09 PM

tenpoundsofcheese: CBO also failed to mention that when a person sells their house there is a new 3.8 percent tax from 0bamacare

Wait till people realize that.


You're mostly lying here... as usual.
 
2012-09-20 01:15:38 PM

tenpoundsofcheese: CBO also failed to mention that when a person sells their house there is a new 3.8 percent tax from 0bamacare

Wait till people realize that.


Holy Jesus, do you ever get tired of pushing debunked bullshiat non-stop?
 
2012-09-20 01:17:03 PM

Tor_Eckman: And not a single one of them has to actually pay the tax.

They just have to get health insurance.


ie a tax
you are hereby ordered....
freedom is such a pain
 
2012-09-20 01:17:51 PM

tenpoundsofcheese: CBO also failed to mention that when a person sells their house there is a new 3.8 percent tax on the PROFITS OVER $500,000 AND only if your adjusted gross income is OVER $250K (married couple) from 0bamacare

Wait till people realize that.


Yea, just wait.
 
2012-09-20 01:18:43 PM
Wow, that was an EPIC smackdown!

Well done, farkers!
 
2012-09-20 01:23:13 PM

soup sandwich: ie a tax
you are hereby ordered....
freedom is such a pain


ie it's a tax
you are now hereby ordered
freedom is a pain

Never derp in near-haiku. Always go full haiku.
 
2012-09-20 01:26:08 PM

soup sandwich: Tor_Eckman: And not a single one of them has to actually pay the tax.

They just have to get health insurance.

ie a tax
you are hereby ordered....
freedom is such a pain


I'm not a homeowner. My tax burden is higher than that of a homeowner. It's such a pain to pay that higher rate. I don't get to deduct the interest off a mortgage and everything.
 
2012-09-20 01:33:20 PM

Mitt Romneys Tax Return: The mandate is necessary to the success of the ACA. I would have much preferred single payer, but was realistic enough to know that it could never get through the Senate.

What the Obamacare opponents fail to mention, however, is that a significant number of working class and middle class families will actually be getting a tax cut. I make about $53,000 per year and pay almost $1,000 per month to insure my family of three (my wife has a chronic medical condition and doesn't work). I expect my cost to go down in 2014 due to subsidies that will be available.


The tax/penalty/whatever is definietly necessary, but actually too low, IMO. It doesn't provide enough disincentive for healthy folks to forego insurance.
 
2012-09-20 01:34:58 PM

thurstonxhowell: Never derp in near-haiku. Always go full haiku.


I like your style.

Bummy Otaxus
gutpunches the taxpayers
best part - forever
 
2012-09-20 01:36:32 PM

theknuckler_33: tenpoundsofcheese: CBO also failed to mention that when a person sells their house there is a new 3.8 percent tax on the PROFITS OVER $500,000 AND only if your adjusted gross income is OVER $250K (married couple) from 0bamacare

Wait till people realize that.

Yea, just wait.


Thank goodness. Universal insurance is great, and healthcare is an inherent human right, unless of course WE might have to help pay for it.
 
2012-09-20 01:39:11 PM
Couldn't we just cut taxes for job creators? Does anybody remember how many times the genie said that would work?
 
2012-09-20 01:46:25 PM

Debeo Summa Credo: theknuckler_33: tenpoundsofcheese: CBO also failed to mention that when a person sells their house there is a new 3.8 percent tax on the PROFITS OVER $500,000 AND only if your adjusted gross income is OVER $250K (married couple) from 0bamacare

Wait till people realize that.

Yea, just wait.

Thank goodness. Universal insurance is great, and healthcare is an inherent human right, unless of course WE might have to help pay for it.


A) What is TFA about? Oh yea.

B) If I made over $250K in adjusted gross income annually and was selling a house making over $500K profit, I'd feel pretty good about putting a measley 3.8% towards those less fortunate than myself so that they might be able to see a farking doctor without breaking the bank. Say you make $600K profit on your sale... that's a whopping $3800 OUT OF $600,000... or 0.63% on your profit.

Are you farking kidding me?
 
2012-09-20 01:51:47 PM

hillbillypharmacist: thurstonxhowell: Never derp in near-haiku. Always go full haiku.

I like your style.

Bummy Otaxus
gutpunches the taxpayers
best part - forever


I'm not a robot
I feel things like a human
Drat! *as a human.
 
2012-09-20 01:53:37 PM

hillbillypharmacist: best part - forever


*snort*!
 
2012-09-20 01:55:03 PM

Debeo Summa Credo: theknuckler_33: tenpoundsofcheese: CBO also failed to mention that when a person sells their house there is a new 3.8 percent tax on the PROFITS OVER $500,000 AND only if your adjusted gross income is OVER $250K (married couple) from 0bamacare

Wait till people realize that.

Yea, just wait.

Thank goodness. Universal insurance is great, and healthcare is an inherent human right, unless of course WE might have to help pay for it.


I have a friend of mine who will be hit hard by this, not because he earns a great deal (he has peaked at about $65k / year), but because he used rental properties as a means of investing for retirement. He is 64 with about $30k in savings, but he has 5 rental properties that he aquired over the years. He will indeed be hit hard by this when he decides to convert his real estate investments to cash.
 
2012-09-20 01:56:27 PM

minoridiot: I have a friend of mine who will be hit hard by this, not because he earns a great deal (he has peaked at about $65k / year), but because he used rental properties as a means of investing for retirement. He is 64 with about $30k in savings, but he has 5 rental properties that he aquired over the years. He will indeed be hit hard by this when he decides to convert his real estate investments to cash.


If he doesn't earn a great deal, then it won't apply to him.
 
2012-09-20 02:03:32 PM

Isitoveryet: tenpoundsofcheese: when a person sells their house there is a new 3.8 percent tax from 0bamacare

[static.politifact.com.s3.amazonaws.com image 84x75]


Wanna know how I know where you get your "news" from? Thanks for keeping us infromed.
 
2012-09-20 02:03:36 PM

minoridiot: Debeo Summa Credo: theknuckler_33: tenpoundsofcheese: CBO also failed to mention that when a person sells their house there is a new 3.8 percent tax on the PROFITS OVER $500,000 AND only if your adjusted gross income is OVER $250K (married couple) from 0bamacare

Wait till people realize that.

Yea, just wait.

Thank goodness. Universal insurance is great, and healthcare is an inherent human right, unless of course WE might have to help pay for it.

I have a friend of mine who will be hit hard by this, not because he earns a great deal (he has peaked at about $65k / year), but because he used rental properties as a means of investing for retirement. He is 64 with about $30k in savings, but he has 5 rental properties that he aquired over the years. He will indeed be hit hard by this when he decides to convert his real estate investments to cash.


He won't get hit very hard. $500K X 5 properties is a cool $2.5 million that this new tax won't even apply to. I think he'll be fine.

Besides, I've seen in multiple sources that the 3.8% tax only applies if you have $250K in annual adjusted gross income to start off with (for married couple. $200 AJI for single).

Again, I think your friend will be just fine and may not have to pay that tax at all if his income is only $65k/yr.
 
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