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How about that healthcare reform? Where will the money come from?

I'm just wondering where that trillion dollars is going to come from because Americans can't squeeze blood from a stone. If he taxes us to death, won't that worsen the economy?

 
Anonymous

Asked by Anonymous at 11:34 PM on Dec. 23, 2009 in Politics & Current Events

This question is closed.
Answers (12)
  • 10 years of increased taxes (starting immediately) for about 5 years of so called "services (starting in 2014)." Question is, then what? What happens in the following 10 years, when Obamacare has proven to be nothing but a failure that has amassed TRILLIONS of additional debt, with upwards of 30 million people STILL without health insurance, a collapsed economy, and American business and industry having moved to greener (international) pastures?!

    I know, I know, he's TRY-ING!! (sarcasm)

    mmm...mmmm.....mmm....Barack hussein Obama....
    LoriKeet

    Answer by LoriKeet at 6:53 AM on Dec. 24, 2009

  • Apparently they're going to pull it out of someone's ass, because the taxpayers sure the hell can't afford to pay more in taxes. But yes, it's coming from the tax payers. It is going to worsen the economy. They're going to start taxing us on something that isn't even going to take effect for another 4 yrs. They're going to drain our pockets and completely drain our economy.
    onthegoturbo

    Answer by onthegoturbo at 11:48 PM on Dec. 23, 2009

  • Taxes. It's in the bill....you just have to dig it up.
    pvtjokerus

    Answer by pvtjokerus at 11:54 PM on Dec. 23, 2009

  • Of COURSE they can't collect enough taxes to fund it - they can't fund Social Security and Medicare with taxes right now ! They shortchange the doctors who have taken care of the Medicare patients, or they delay payment for weeks ... Social Security payments go up or down according to a formula related to inflation, so guess what happened THIS year??! Our economy had no inflation ! Ta-da ! No inflation = no raise in Social Security payments. Just never mind those pesky higher food prices ... THAT doesn't count as inflation, no, nor do the higher costs of renting a place to live.

    In other words, they will cover the costs by cheating, delaying and dictating reality to suit the bureaucracy's needs - just like they already do.

    And by printing more money.

    Seriously, with all the blatant dictatorship clauses rampant in the bill (at least in the House bill which is available to read), the funding of the thing is insignificant !
    waldorfmom

    Answer by waldorfmom at 12:37 AM on Dec. 24, 2009

  • they are increasing taxes by 6-8% on those who earn 500K + a year. The plan is so different from the original proposal...there is nothing free about it. It seems like a federal medicaid managed healthcare plan that provides an option for those who can't afford healthcare. Its extended to lower -middle income families and those who lost their jobs. THOSE WHO OPT FOR THE PLAN WILL HAVE TO PAY FOR THEIR COVERAGE.

    The taxes for this plan, fortunately... will not be the burden of the already suffering middle class.
    KellyParadise

    Answer by KellyParadise at 4:27 AM on Dec. 24, 2009

  • The taxes for this plan, fortunately... will not be the burden of the already suffering middle class

    You just keep dreaming that crazy little dream.
    Carpy

    Answer by Carpy at 5:32 AM on Dec. 24, 2009

  • They will have to raise taxes on everyone to pay for this, there is no other way. Even then I don't think you can raise enough taxes because the program is too expensive.
    SophiaofLight

    Answer by SophiaofLight at 6:11 AM on Dec. 24, 2009

  • they are increasing taxes by 6-8% on those who earn 500K + a year.


    ***


    As of 2005 the average taxpayer making over $500,000 per year earning approximately $1.7 million. This group of taxpayers in 2005, numbering 828,323—around 0.6 percent of those filing tax returns—hauled in around $1.4 trillion in income that year.


    To put the above figure in perspective, the $1.4 trillion in income received by the richest 828,323 taxpayers is roughly equal to the combined reported income of the poorest 81 million taxpayers, or 60 percent of the total number of returns in 2005.


    There are over 300 MILLION people living in the US. 0.6% of wealthy tax paying people CANNOT support ObamaCare with a 6-8% tax hike--unless of course they fork over their ENTIRE earnings to the IRS!

    LoriKeet

    Answer by LoriKeet at 7:07 AM on Dec. 24, 2009

  • Taxes will be collected for the five years before this piece of shit will go into effect and actually have a chance of helping anyone. Unfortunately, as the masses of people that start retiring (baby boomers), they will get on the medicare system. All of that tax money that is supposed to be stockpiled to help the lower and lower middle classes will be soaked up by those entering the medicare system. When they see how much money is being drained, taxation of the middle class will dip to even lower incomes to cover the cost. Medicare is already going bankrupt, the only thing this does is keep it from happening in the next 5 years. After that, they can amend their bill to suit smaller incomes to pay for those that were looking forward to the benefits. And if anyone thinks this won't amount to limited care, they are dreaming.  JMO.

    QuinnMae

    Answer by QuinnMae at 9:36 AM on Dec. 24, 2009

  • Officially, by taxing the "rich" (cause it's not good publicity to call them small business owners and private contractors). They're hoping you don't notice you're also going to pay higher taxes on all the medicine you buy and other little things you'll come across in day to day life that will unbalance your own personal budget, or that you'll be paying into it for 4 years before you actually see any benefit from it.
    NotPanicking

    Answer by NotPanicking at 10:09 AM on Dec. 24, 2009

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