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TAX your retirement...misleading - You pay tax in retirement now

Posted: Nov 30th, 2019 - 9:09 am In Reply to: Elizabeth Warren wants to tax your retirement - (so does Bernie Sanders)

That is fear porn. The whole argument against the so-called SOCIALIZED everything is purely the 1% corporatists. You like the yoke, you can keep the yoke. That's what the Pubs offer you.

Yes, there have been proposals to tax deferred savings a bit more--BUT AT LEAST WE MIGHT HAVE SOME SAVINGS WITH BERNIE.

The money saved on health insurance alone will be incredible.

"Medicare for All is the most cost-effective health care plan.
Instead of doctors and nurses spending a significant part of their day filling out forms and arguing with insurance companies, they should be using their time to provide care to their patients. We'd be able to save up to $500 billion annually in billing and administrative costs under Medicare for All. That money could be used to greatly expand primary care in this country and make certain that all Americans got the health care they needed when they needed it --saving billions on expensive emergency room care and hospital visits. Instead of paying the highest prices in the world for prescription drugs, we could save hundreds of billions over a
10 year period through tough negotiations with the drug companies under this legislation.
Even a study done by the right-wing Mercatus Center estimated that Medicare for All would save Americans more than $2 trillion over a decade, reducing the projected cost of health care between 2022 and 2031 from $59.7 trillion to $57.6 trillion. Another study by the University of
Massachusetts Amherst estimated that Medicare for All would save the American people even more money - $5.1 trillion over a ten year period compared to what they are spending today.
Medicare for All saves middle class families thousands of dollars.
At a time when health care in 2018 for a typical family of four with an employer-sponsored PPO plan now costs more than $28,000, the reality is that a Medicare-for-all system would save the
average family significant sums of money.
A study by RAND found that moving to a Medicare-for-all system in New York would save a family with an income of $185,000 or less about $3,000 a year, on average. Citizens for Tax Justice found that middle class families would see their after-tax income go up by about $3,240 a year under Medicare for All. Another study found that middle class families would spend about 14 percent less of their income on health care than they do today. Even the projections from the Mercatus Center suggest that the average American could save about $6,000 under Medicare for all over a 10-year period.
Medicare for All is good for businesses.
A Medicare-for-all system not only benefits individuals and families, it would benefit the business community. Small- and medium-sized businesses would be free to focus on their core business goals instead of wasting precious energy and resources navigating an incredibly
complex system to provide health insurance to their employees.
Bottom line: If every major country on earth can guarantee health care to all and achieve better
health outcomes, while spending substantially less per capita than we do, it is absurd for anyone
to suggest that the United States of America cannot do the same.


So, just make it direct...you save 3000 on healthcare cost. I put back 300 a month on 105K annual couple income. Tax that 300 at 2% more. 6 x12 =72. Versus 3000. I win

Bottom line...Bernie's tax shifts will benefit people like us....unless you are an MTSO. Just wanting to be a 1% or well off doesn't mean you are, evaluate accordingly. The American Dream has really had good PR, now open your eyes and deal with reality.

Oh, BTW, Warren isn't good enough. She is STILL protecting corporations.


LINK/URL: TAX your retirement...misleading


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