Jennyinabottle
(?)Community Member
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- Posted: Tue, 06 Apr 2010 03:09:24 +0000
Quote:
6. You Must be Insured
Under the new law starting in 2014, you will have to purchase health insurance or risk being fined. If your employer does not offer health insurance as a benefit or if you do not earn enough money to purchase a plan, you may get assistance from the government. The fines for not purchasing insurance will be levied according to a sliding scale based on income. Starting in 2014, the lowest fine would be $95 or 1% of a person's income (whichever is greater) and then increase to a high of $695 or 2.5% of an individual's taxable income by 2016. There will be a maximum cap on fines.
Under the new law starting in 2014, you will have to purchase health insurance or risk being fined. If your employer does not offer health insurance as a benefit or if you do not earn enough money to purchase a plan, you may get assistance from the government. The fines for not purchasing insurance will be levied according to a sliding scale based on income. Starting in 2014, the lowest fine would be $95 or 1% of a person's income (whichever is greater) and then increase to a high of $695 or 2.5% of an individual's taxable income by 2016. There will be a maximum cap on fines.
I don't agree with this at all, it shouldn't be mandatory to have health care. If you don't want health care then you shouldn't have to buy it. For one not all people even need health care. If you get sick and you can't pay for it because you chose not to get health care then its your own fault. I'm not saying it's not a good idea to have it, i'm just saying that it would be nice if it were optional.
Quote:
9. If You Earn More, You'll Pay More
Starting in 2018, if your combined family income exceeds $250,000 you are going to be taking less money home each pay period. That's because you will have more money deducted from your paycheck to go toward increased Medicare payroll taxes. In addition to higher payroll taxes you will also have to pay 3.8% tax on any unearned income, which is currently tax-exempt.
Starting in 2018, if your combined family income exceeds $250,000 you are going to be taking less money home each pay period. That's because you will have more money deducted from your paycheck to go toward increased Medicare payroll taxes. In addition to higher payroll taxes you will also have to pay 3.8% tax on any unearned income, which is currently tax-exempt.
While I agree that people who make more money should pay more taxes it really isn't right to tax unearned money. In most cases unearned money is either a gift or your inheritance and the government shouldn't be allowed to tax that. While health care is necessary certain things in the US aren't. For instance our extremely expensive military that is currently fighting a war with no clear end in sight that we should never have started in the first place. Every day that war mounts billions more in debt. Why should we continue to fight this war when the people don't want us there and when it only costs us.