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mikem12

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mikem12 last won the day on September 22 2011

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  1. I found this just now. Seems we are still paying GM to produce cars. http://newsbusters.org/blogs/seton-motley/2012/07/17/media-fail-chevy-volt-makes-gm-no-money-costs-taxpayers-hundreds-thous
  2. Ok I can cease to refer to him as that. "If" it goes both ways. So the Goppers, republicants etc have to go too. I am not a Republican, I am by definition a conservative Libertarian. Just so you know up front.
  3. you will not be allowed to keep your health insurance http://blog.heritage.org/2012/07/05/side-effects-obama-administration-admits-you-cant-keep-your-health-plan/
  4. we can't, what it will do is force any small business to either close down or reduce the number of employees to below the threshhold of 50. They then won't be fined $2000. Funny thing is I believe the Big three would rather pay the $2k and put everyone on the gov dole for insurance. My neighbor has already gotten change notices concerning his UAW retirement insurance. Not good. What I am seeing is the systematic degration of the middle class. there will be two classes in this country before long the elite (obama) and us the working class(poor). Anyone who believes this President is for the middle class is past being ignorant.
  5. fmccap, on 02 July 2012 - 06:58 PM, said: They are not outdated ideas, just abandoned for no good reason. What is the real reason everything is so expensive? Don't tell me the greedy CEO either. *** after spending a few days in the hospital and having conversations with some of the staff I became enlightened as to why insurance companies refuse to pay some treatments and perscribed drugs. It's because Medicare sets the standard, if the government won't pay for it neither wil the insurance companies. it will be the gov. who tell the providers what they can or cannot do
  6. *for all you arm chair lawyers* Subject: True Nature of Justice Roberts Decision Before you look to do harm to Chief Justice Roberts or his family, it’s important that you think carefully about the meaning – the true nature — of his ruling on Obama-care. The Left will shout that they won, that Obama-care was upheld and all the rest. Let them. It will be a short-lived celebration. Here’s what really occurred — payback. Yes, payback for Obama’s numerous, ill-advised and childish insults directed toward SCOTUS. Chief Justice Roberts actually ruled the mandate, relative to the commerce clause, was unconstitutional. That’s how the Democrats got Obama-care going in the first place. This is critical. His ruling means Congress can’t compel American citizens to purchase anything. Ever. The notion is now officially and forever, unconstitutional. As it should be. Next, he stated that, because Congress doesn’t have the ability to mandate, it must, to fund Obama-care, rely on its power to tax. Therefore, the mechanism that funds Obama-care is a tax. This is also critical. Recall back during the initial Obama-care battles, the Democrats called it a penalty, Republicans called it a tax. Democrats consistently soft sold it as a penalty. It went to vote as a penalty. Obama declared endlessly, that it was not a tax, it was a penalty. But when the Democrats argued in front of the Supreme Court, they said ‘hey, a penalty or a tax, either way’. So, Roberts gave them a tax. It is now the official law of the land — beyond word-play and silly shenanigans. Obama-care is funded by tax dollars. Democrats now must defend a tax increase to justify the Obama-care law. Finally, he struck down as unconstitutional, the Obama-care idea that the federal government can bully states into complying by yanking their existing medicaid funding. Liberals, through Obama-care, basically said to the states — ‘comply with Obama-care or we will stop existing funding.’ Roberts ruled that is a no-no. If a state takes the money, fine, the Feds can tell the state how to run a program, but if the state refuses money, the federal government can’t penalize the state by yanking other funding. Therefore, a state can decline to participate in Obama-care without penalty. This is obviously a serious problem. Are we going to have 10, 12, 25 states not participating in “national” health-care? Suddenly, it’s not national, is it? Ultimately, Roberts supported states rights by limiting the federal government’s coercive abilities. He ruled that the government can not force the people to purchase products or services under the commerce clause and he forced liberals to have to come clean and admit that Obama-care is funded by tax increases. Although he didn’t guarantee Romney a win, he certainly did more than his part and should be applauded. And he did this without creating a civil war or having bricks thrown threw his windshield. Oh, and he’ll be home in time for dinner. Brilliant. w! This article, written by I.M. Citizen, gives a much different perspective of Justice Robert’s decision.
  7. hers the list of new taxes under Obama and or Obama care. one that stands out is now they can tax your insurance ans income. Taxes that took effect in 2010: 1. Excise Tax on Charitable Hospitals (Min$/immediate): $50,000 per hospital if they fail to meet new "community health assessment needs," "financial assistance," and "billing and collection" rules set by HHS. Bill: PPACA; Page: 1,961-1,971 2. Codification of the “economic substance doctrine” (Tax hike of $4.5 billion). This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113 3. “Black liquor” tax hike (Tax hike of $23.6 billion). This is a tax increase on a type of bio-fuel. Bill: Reconciliation Act; Page: 105 4. Tax on Innovator Drug Companies ($22.2 bil/Jan 2010): $2.3 billion annual tax on the industry imposed relative to share of sales made that year. Bill: PPACA; Page: 1,971-1,980 5. Blue Cross/Blue Shield Tax Hike ($0.4 bil/Jan 2010): The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services. Bill: PPACA; Page: 2,004 6. Tax on Indoor Tanning Services ($2.7 billion/July 1, 2010): New 10 percent excise tax on Americans using indoor tanning salons. Bill: PPACA; Page: 2,397-2,399 Taxes that took effect in 2011: 7. Medicine Cabinet Tax ($5 bil/Jan 2011): Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin). Bill: PPACA; Page: 1,957-1,959 8. HSA Withdrawal Tax Hike ($1.4 bil/Jan 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent. Bill: PPACA; Page: 1,959 Tax that took effect in 2012: 9. Employer Reporting of Insurance on W-2 (Min$/Jan 2012): Preamble to taxing health benefits on individual tax returns. Bill: PPACA; Page: 1,957 Taxes that take effect in 2013: 10. Surtax on Investment Income ($123 billion/Jan. 2013): Creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income: Bill: Reconciliation Act; Page: 87-93 Capital Gains Dividends Other* 2012 15% 15% 35% 2013+ 23.8% 43.4% 43.4% *Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens. 11. Hike in Medicare Payroll Tax ($86.8 bil/Jan 2013): Current law and changes: First $200,000 ($250,000 Married) Employer/Employee All Remaining Wages Employer/Employee Current Law 1.45%/1.45% 2.9% self-employed 1.45%/1.45% 2.9% self-employed Obamacare Tax Hike 1.45%/1.45% 2.9% self-employed 1.45%/2.35% 3.8% self-employed Bill: PPACA, Reconciliation Act; Page: 2000-2003; 87-93 12. Tax on Medical Device Manufacturers ($20 bil/Jan 2013): Medical device manufacturers employ 360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exempts items retailing for <$100. Bill: PPACA; Page: 1,980-1,986 13. Raise "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI ($15.2 bil/Jan 2013): Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI. Waived for 65+ taxpayers in 2013-2016 only. Bill: PPACA; Page: 1,994-1,995 14. Flexible Spending Account Cap – aka “Special Needs Kids Tax” ($13 bil/Jan 2013): Imposes cap on FSAs of $2500 (now unlimited). Indexed to inflation after 2013. There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. ( National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education. Bill: PPACA; Page: 2,388-2,389 15. Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D ($4.5 bil/Jan 2013) Bill: PPACA; Page: 1,994 16. $500,000 Annual Executive Compensation Limit for Health Insurance Executives ($0.6 bil/Jan 2013). Bill: PPACA; Page: 1,995-2,000 Taxes that take effect in 2014: 17. Individual Mandate Excise Tax (Jan 2014): Starting in 2014, anyone not buying “qualifying” health insurance must pay an income surtax according to the higher of the following 1 Adult 2 Adults 3+ Adults 2014 1% AGI/$95 1% AGI/$190 1% AGI/$285 2015 2% AGI/$325 2% AGI/$650 2% AGI/$975 2016 + 2.5% AGI/$695 2.5% AGI/$1390 2.5% AGI/$2085 Exemptions for religious objectors, undocumented immigrants, prisoners, those earning less than the poverty line, members of Indian tribes, and hardship cases (determined by HHS). Bill: PPACA; Page: 317-337 18. Employer Mandate Tax (Jan 2014): If an employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $2000 for all full-time employees. Applies to all employers with 50 or more employees. If any employee actually receives coverage through the exchange, the penalty on the employer for that employee rises to $3000. If the employer requires a waiting period to enroll in coverage of 30-60 days, there is a $400 tax per employee ($600 if the period is 60 days or longer). Bill: PPACA; Page: 345-346 Combined score of individual and employer mandate tax penalty: $65 billion/10 years 19. Tax on Health Insurers ($60.1 bil/Jan 2014): Annual tax on the industry imposed relative to health insurance premiums collected that year. Phases in gradually until 2018. Fully-imposed on firms with $50 million in profits. Bill: PPACA; Page: 1,986-1,993 Taxes that take effect in 2018: 20. Excise Tax on Comprehensive Health Insurance Plans ($32 bil/Jan 2018): Starting in 2018, new 40 percent excise tax on “Cadillac” health insurance plans ($10,200 single/$27,500 family). Higher threshold ($11,500 single/$29,450 family) for early retirees and high-risk professions. CPI +1 percentage point indexed. Bill: PPACA; Page: 1,941-1,956 Read more: http://atr.org/full-list-obamacare-tax-hikes-a6996?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+AmericansForTaxReformRssFULL+%28Americans+for+Tax+Reform+FULL+CONTENT+RSS%29#ixzz1zC4zpjYK
  8. I guess we will have to see just how high the projected cost of this monster will go. last I read there are 21 new taxes in this law and will be the largest tax increase in US history. that tax increase will affect the lower income and the middle class! From what I just heard the tax increase will be somewhere around 500 billion dollars plus there will be a raid on medicare of 500 million, say good bye to the elder care in this country. But we don't want to worry about them do we.
  9. they presented it to the people as a mandate via the commerce clause. However, when in front of the SCOTUS they argued it was a tax. Lies and damn lies. I think this decision just helped the Reps. as it did in 2010. http://abcnews.go.com/blogs/politics/2009/09/obama-mandate-is-not-a-tax/
  10. form your own opinions
  11. this person, candy cane, from what I have seen, is little more than a sh*t stirrer. ignore him.
  12. Go when you feel comfortable. And tell all obnoxious ones to piss off. Last time I heard it your decision. 31 years and counting
  13. I will take it if the retirement board ever gives me a retirement benefit amount. Been waiting since November.
  14. http://carscoop.blogspot.com/2012/02/china-jac-does-it-again-with-ford-f-150.html
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