November 2, 2009
ObamaCare: it really isn’t about your health [Darleen Click]

It is about your wallet

The bill is funded largely from a 5.4 percent tax on individuals making more than $500,000 a year and couples making more than $1 million, starting in 2011. The tax increase would hit only 0.3 percent of tax filers, raising $460.5 billion over the next 10 years, according to congressional estimates.

But unlike other income tax rates, the new tax would not be indexed for inflation. As incomes rise over time because of inflation, more families — and more small business owners — would be hit by the tax. [...]

The tax would hit only 1.2 percent of taxpayers who claim business income on their returns, according to the estimates by the nonpartisan Joint Committee on Taxation. But that percentage would grow as business owners’ nominal incomes rise with inflation.

In 2011, a family of four with an income of $800,000 a year would get a $24,000 tax increase, when the new tax is combined with an increase in the top two tax brackets proposed by President Barack Obama and other scheduled tax changes, according to an analysis by Deloitte Tax. That’s a 12.5 percent increase in federal income taxes.

A family of four making $5 million a year would see a $434,500 tax increase, about a 32 percent increase, according to the analysis.

“These are very big numbers and very high effective tax rates,” said Clint Stretch, a tax policy expert at Deloitte Tax.

The new health care tax would come on top of other tax increases for the wealthy proposed by Obama. The top marginal income tax rate now is 35 percent, on income above $372,950. Obama wants to boost the top rate to 39.6 percent in 2011 by allowing some of the tax cuts enacted under former President George W. Bush to expire.

House Democrats said they are proud that they found a way to finance the health care package largely from a tax on the wealthy.

Of course they are proud. Democrats, subsumed by the Left are no longer liberal. They are anti-capitalist. It is all about power and control and what better way to insure one-party rule then to cut the knees out of individual liberty by making people dependent on government.

This is one of the reasons Democrats are so hysterical at any criticism and dissent aimed at their un-American proposals and policies. This is why they refuse to debate issues and concentrate solely on ad homenim, smear and Chicago-style thug “politics.”

‘Cause they can’t.

64 Comments  :::   Post a comment »

  1. Comment by bastiches on 11/2 @ 2:17 pm #

    Whatta ya mean we’ve run outta rich people? Just print more money and bingo!
    [dusts hands]

    Speaking of:
    NHS(UK)is paying millions to gag whistleblowers
    “NHS whistleblowers are routinely gagged in order to cover up dangerous and even dishonest practices that could attract bad publicity and damage a hospital’s reputation.”

  2. Comment by RD on 11/2 @ 3:08 pm #

    This is why they refuse to debate issues and concentrate solely on ad homenim, smear and Chicago-style thug “politics”

    Oh, please. The only thing that’s left of the “conservative movement” is a bunch of Rush-inspired Stepford clones whose only talent is Ad hominem shouting.

  3. Comment by ghost707 on 11/2 @ 3:14 pm #

    Those Chicago folks do know how to destroy jobs.
    Exceedingly efficient in that respect I think.

  4. Comment by alppuccino on 11/2 @ 3:16 pm #

    Damn Rush-inspired Stepford clones. Always “Look at me!” “Getcher camera, take a picture!” “Look, look! I love America! Look at me salute the dead guy!” “Take a picture of me being patriotic!” “Hurry, I can’t hold it!”

  5. Comment by Jeff Carlson on 11/2 @ 3:16 pm #

    well said RD … your own Ad hominem attack has managed to overwhelm those Rush-inspired Stepford clones …

    but shouldn’t they be robots though ? you know, like the Stepford wives …

  6. Comment by meyacone on 11/2 @ 3:17 pm #

    Keep telling yourself that Relentlessly Dumb!

  7. Comment by JD on 11/2 @ 3:18 pm #

    Meya/RD went all gender-bender early today.

  8. Comment by B Moe on 11/2 @ 3:21 pm #

    Oh, please. The only thing that’s left of the “conservative movement” is a bunch of Rush-inspired Stepford clones whose only talent is Ad hominem shouting.

    I need to start buying irony meters by the case.

  9. Comment by Squid on 11/2 @ 3:21 pm #

    That’s absolutely brilliant! Institute a “millionaires-only” tax, and then inflate the currency to the point where we’re all millionaires.

    Soros, you magnificent bastard!

  10. Comment by JD on 11/2 @ 3:31 pm #

    The leftists simply see the successful as ATM’s.

  11. Comment by Matt on 11/2 @ 3:32 pm #

    *only talent is Ad hominem shouting.*

    If that’s the case, it was learned from liberals shrieking “Bush is Hitler” for 8 years.

  12. Comment by sdferr on 11/2 @ 3:44 pm #

    A list of the other things the Pelosi bill brings (scroll and scroll):

    The House Republican Conference, meanwhile, has gone to the Herculean effort of tabulating the new federal boards, bureaucracies, commissions, and programs that would be established by the House bill–all in the name of cutting costs, of course! They add up to 111:

  13. Comment by JD on 11/2 @ 3:44 pm #

    It is like some perverse goal of collective misery.

  14. Comment by Jeffersonian on 11/2 @ 3:44 pm #

    The American public is really little more than livestock to be tended by the Left, it seems.

  15. Comment by The Left on 11/2 @ 3:45 pm #

    Time to shear the sheep!

  16. Comment by dicentra on 11/2 @ 3:47 pm #

    the new tax would not be indexed for inflation. As incomes rise over time because of inflation, more families … would be hit by the tax.

    What Squid said at #9.

  17. Comment by dicentra on 11/2 @ 3:48 pm #

    The American public is really little more than livestock to be tended by the Left

    Left = Ants
    Country = Aphids

  18. Comment by dicentra on 11/2 @ 4:03 pm #

    OMG!

    “Clever Fools” points out that IQ alone does not determine whether you’re “smart.”

    The use George Bush as an example of someone with a high IQ but with a lack of analytical skills. Who knows, maybe it’s true?

    But this last paragraph is a howler:

    Bush’s successor is intellectually engaged, shows cognitive flexibility, can question beliefs, is sensitive to inconsistency and engages in counterfactual thinking, says Stanovich. “They could not be more different in their rational thinking profiles.” President Obama’s IQ, incidentally, is well above average — but then so was Bush’s.

    I think this means that engaging in doublespeak, contradicting oneself, destroying straw men, and “counterfactual statements,” e.g., LYING LIKE A RUG, constitutes cognitive flexibility.

  19. Comment by McGehee on 11/2 @ 4:06 pm #

    Or to put it another way: “IQ, Shmy-Q — if you’re honest and consistent you’re just plain dumb.”

  20. Comment by SPC Jack Klompus on 11/2 @ 4:11 pm #

    Nice to see RD address the issues raised in the post and not engage in immature name calling. What a simple-minded tool.

  21. Comment by JD on 11/2 @ 4:15 pm #

    SPC Klompus – Why do you hate tools?

  22. Comment by dicentra on 11/2 @ 4:16 pm #

    Why do you hate tools?

    I hate my cordless drill. Won’t hold a charge to save its life.

  23. Comment by SPC Jack Klompus on 11/2 @ 4:17 pm #

    I like Craftsman. I like the band Tool. Aggressively stupid smug nimrods like RD, snowdouche, and the insufferable thor (he reads books and bangs Russian broads, you know?) give me a headache.

  24. Comment by JD on 11/2 @ 4:19 pm #

    Ryobi has served me well, dicentra.

  25. Comment by JD on 11/2 @ 4:24 pm #

    And Craftsman too. Always good.

  26. Comment by A fine scotch on 11/2 @ 4:26 pm #

    Don’t hate the tool, dicentra, hate the battery…

  27. Comment by sdferr on 11/2 @ 4:28 pm #

    Cordless drill.

    Heh.

  28. Comment by greginsewa on 11/2 @ 4:31 pm #

    As with EVERY leftie proposal since Wilson, follow the power. Between this, and Cap & Tax, there will be NO corner of your life that the government won’t be able to monitor, and control. They are about power over the individual, even more than the dollars. Bankrupting everyone is simply another another thread on the path to total power.

    As I’ve said here before, my only real concern is that we don’t have enough rope, or lampposts…

  29. Comment by B Moe on 11/2 @ 4:32 pm #

    I just buy the old fashioned corded ones. Cheaper, work better, and if there isn’t any electricity around I go somewhere else.

  30. Comment by happyfeet on 11/2 @ 4:40 pm #

    Tomorrow might could be a turning point. Mr. Karl talked about that today. I will be hopeful I think. You never know.

  31. Comment by sdferr on 11/2 @ 4:49 pm #

    Yeah, I was thinking about making apple turnovers in recognition of the possibilites happyfeet. Also because I’m hungry.

  32. Comment by cranky-d on 11/2 @ 4:51 pm #

    It never was about anything other than control, and never will be. Only the fools are fooled. FOOLS!!

    OT:
    Nickel-cadmium rechargeable batteries leave a lot to be desired. If they aren’t fully discharged when you re-charge them, they develop a “memory” and will hold a lot less energy. Lithium-ion batteries don’t have that problem.

    In short, when buying rechargeable tools, try to get lithium-ion if they have it. Otherwise, don’t recharge until the battery is totally spent.

  33. Comment by dicentra on 11/2 @ 5:05 pm #

    Cordless drill.

    I have one of those, actually. I’m too much of a girl to make it work in any but the softest materials.

    My cordless is a Craftsman 0-600 with a NiCad battery. Got it years ago in a rock-bottom, take-these-stupid-things-off-our-inventory sale at Sears.

  34. Comment by sdferr on 11/2 @ 5:10 pm #

    “…to make it work in any but the softest materials.”

    Mostly, the bits must be sharp and chosen fit to the material to be drilled. It often turns out that those problems aren’t simple to fulfill. The good part is the nominal bacon and egg batteries though.

  35. Comment by happyfeet on 11/2 @ 5:12 pm #

    #33 is one of those things I need to remember but won’t and when I need to know it I’ll think I’m remembering right but actually I’ll be backasswards and do the exact wrong thing.

  36. Comment by geoffb on 11/2 @ 5:16 pm #

    Lithium-ion drills are lighter too. They run down different.

    A Ni-cad gets slower and weaker over a period of time. Best to stop when you notice it running down and recharge as the voltage is dropping and the drill is drawing more amps, heating up and could ruin itself. Newer Ni-cads don’t have the memory problem any more.

    Lithium-ion runs at full power until almost discharged then bam it won’t drive that screw.

    Always get an extra battery set so you can just swap them and continue working. I use cordless all the time for most things and corded for when you have to drill or drive something tough or a lot of tough ones.

  37. Comment by newrouter on 11/2 @ 5:18 pm #

    “They add up to 111:”

    a partial list:

    1. Retiree Reserve Trust Fund (Section 111(d), p. 61)
    2. Grant program for wellness programs to small employers (Section 112, p. 62)
    3. Grant program for State health access programs (Section 114, p. 72)
    4. Program of administrative simplification (Section 115, p. 76)
    5. Health Benefits Advisory Committee (Section 223, p. 111)
    6. Health Choices Administration (Section 241, p. 131)
    7. Qualified Health Benefits Plan Ombudsman (Section 244, p. 138)
    8. Health Insurance Exchange (Section 201, p. 155)
    9. Program for technical assistance to employees of small businesses buying Exchange coverage (Section 305(h), p. 191)
    10. Mechanism for insurance risk pooling to be established by Health Choices Commissioner (Section 306(b), p. 194)
    11. Health Insurance Exchange Trust Fund (Section 307, p. 195)
    12. State-based Health Insurance Exchanges (Section 308, p. 197)
    13. Grant program for health insurance cooperatives (Section 310, p. 206)
    14. “Public Health Insurance Option” (Section 321, p. 211)
    15. Ombudsman for “Public Health Insurance Option” (Section 321(d), p. 213)
    16. Account for receipts and disbursements for “Public Health Insurance Option” (Section 322(b), p. 215)
    17. Telehealth Advisory Committee (Section 1191 (b), p. 589)
    18. Demonstration program providing reimbursement for “culturally and linguistically appropriate services” (Section 1222, p. 617)
    19. Demonstration program for shared decision making using patient decision aids (Section 1236, p. 648)
    20. Accountable Care Organization pilot program under Medicare (Section 1301, p. 65

    rest here
    link

  38. Comment by A fine scotch on 11/2 @ 5:22 pm #

    Totally OT to the post but relevant to the tool discussion: http://money.cnn.com/2009/11/02/news/companies/stanley_black_decker_merger/index.htm?postversion=2009110216

  39. Comment by Bob Reed on 11/2 @ 5:36 pm #

    Dudes, I once drilled open a GSA container with a 3/8 inch hardplate insert with a Craftsman 18 volt cordless drill…

    FWIW, I had 4 batteries in a rotation…

  40. Comment by JD on 11/2 @ 5:42 pm #

    Meya/RD is bringing not only the gender-bending, but the good ole hate hate hate we have come to expect from this personality.

  41. Comment by geoffb on 11/2 @ 5:49 pm #

    with a 3/8 inch hardplate insert with a Craftsman 18 volt cordless drill…

    By choice or just a location without power?

  42. Comment by dicentra on 11/2 @ 5:54 pm #

    “They add up to 111:”

    Jobs all around!

  43. Comment by JD on 11/2 @ 5:58 pm #

    That is at least 111 govt jobs created or saved.

  44. Comment by Kresh on 11/2 @ 6:08 pm #

    Oh, please. The only thing that’s left of the “conservative movement” is a bunch of Rush-inspired Stepford clones whose only talent is Ad hominem shouting.

    Well, I can anticipate one hell of a headache when you wake up from your dreaming. Being that stupid will leave a mark. Good luck explaining the dent on your forehead.

  45. Comment by Bob Reed on 11/2 @ 6:26 pm #

    geoffb,
    It was a remote location, something vital that had to be retrieved ASAP, and no contractors or otherwised experienced personell available. Fortunately, as a young-un I worked as an apprentice safe mechanic…

  46. Comment by SDN on 11/2 @ 6:32 pm #

    #40: care to speculate how many batteries and bits it would take to drill through the skulls of some of our trolls……

  47. Comment by geoffb on 11/2 @ 6:56 pm #

    it would take to drill through the skulls of some of our trolls……

    I’d use this.

  48. Comment by J. "Trashman" Peden on 11/2 @ 7:00 pm #

    The only thing that’s left of the “conservative movement” is a bunch of Rush-inspired Stepford clones whose only talent is Ad hominem shouting.

    Helpful hint: describing the mirror-image of yourself is just not an argument, RD. Why, Classical Liberals/Neocons might even start to suspect that the Faux Liberal mentality represents an evolutionary dead end!

  49. Comment by Scrapiron on 11/2 @ 7:04 pm #

    Not a problem for a smart business owner. They start watching the profit margin in July and when the $500K or $1M is close they close the business for a few months. The only losers will be the employees. Why work your a** off to give it to politicians to waste?

  50. Comment by geoffb on 11/2 @ 7:21 pm #

    Or if you have key employees you can’t afford to lose hand out big Christmas Bonuses to pare back the business income.

  51. Comment by Pablo on 11/2 @ 8:37 pm #

    Unbelievable. We should ban non-disclosure agreements in settlements.

    With the government? Yup. Transparency, right?

  52. Comment by happyfeet on 11/2 @ 8:53 pm #

    That means if you make 5 million our dipshit parasitic Chicago street trash president would only let you keep 3.2 million of it, and he’s just getting started. He’s a shady little bitch like that.

  53. Comment by Jimmy Hoffa's Reanimated Corpse on 11/2 @ 8:59 pm #

    #53: I seriously doubt if you’ve ever made an honest dollar in your life, SFAG.

  54. Comment by ghost707 on 11/2 @ 10:02 pm #

    Another excellent article from Doctor Zero:

    Republican voters would be well-advised to ignore the people who engineered the Scozzafava debacle, and listen for the sound of Sarah Palin’s monster truck instead. America needs conservatives more than it needs Republicans. Both the party, and the country, benefit when they are one and the same. Next Halloween, just to be on the safe side, we should test the blood of every “moderate” Republican with a hot wire and a petri dish, just to make sure we don’t have another DIABLO on our hands.

    Doc Zero

  55. Comment by sdferr on 11/2 @ 11:14 pm #

    OT — Der Spiegel, The Story of “Operation Orchard”:How Israel Destroyed Syria’s Al Kibar Nuclear Reactor, h/t Clarice Feldman

  56. Comment by JD on 11/2 @ 11:19 pm #

    Does that make you a Zionist?

  57. Comment by Robohobo on 11/3 @ 11:51 am #

    RD the Troll derailed the thread by the 2nd comment. DO NOT feed the trolls.

  58. Comment by Rusty on 11/3 @ 7:02 pm #

    53.Comment by meya on 11/2 @ 8:22 pm #

    “A family of four making $5 million a year would see a $434,500 tax increase, about a 32 percent increase, according to the analysis.”

    Well that would just ruin my incentive to make 5 million. How about you?

    When you don’t know what you’re talking about you should just shut up. When you personally pay six figures in income tax then you can coment from experience. Until then you continue just to make yourself look stupid. Which isn’t new for you.

  59. Comment by JD on 11/3 @ 7:28 pm #

    Still 100% mendoucheous, all the time. Way to go, lying fucking fascist.

  60. Comment by Rusty on 11/3 @ 8:41 pm #

    #64
    Do us all a favor, please. When the subject of money or economics comes up. Just sit on your hands and listen. Your ignorance is painful for the rest of us. I sincerly hope you’re not responsible for anyone other than yourself.

  61. Comment by B Moe on 11/4 @ 5:44 am #

    So I guess I am the only one that thought meya talking about incentives was one of the funniest things ever?

  62. Comment by Rusty on 11/4 @ 6:53 am #

    #676
    It would be hilarious if she weren’t brain damaged.

  63. Comment by SBP on 11/4 @ 7:00 am #

    Let’s all take economic advice from someone who can’t even afford to pay her student loans. What could possibly go wrong?

  64. Pingback by Steynian 395 « Free Canuckistan! on 11/4 @ 4:28 pm #

    [...] WALLET-WATCH: ObamaCare: it really isn’t about your health; Understanding the real effects of the Democrat [...]

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