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originally posted by: JBurns
a reply to: LightSpeedDriver
I think it is very important to point out that countries with healthcare like Netherlands, Canada and Germany have a significantly smaller population than the United States.
Germany: 81.41 million
Netherlands: 16.94 million
Canada: 35.85 million
Sweden: 9.80 million
Cuba: 11.39 million
Venezuela: 31.11 million
Adding all of these countries together doesn't even come close to our population, though. Barely half, if my math skills haven't failed me.
USA: 323.95 million
originally posted by: pavil
a reply to: FyreByrd
Some of the hardest hit will be student loan recipients: Nearly 12 million will be affected by repeal of the student loan interest deduction. Graduate students will be hit even harder, since the House tax bill proposes taxing tuition paid by their universities, which will raise taxes by nearly $10,000 on some students.
If your taxes are affected by $10,000 by the student loan interest deduction, you are not middle class. Doctors just out of internship have those kind of Interest deductions not normal college people. It's more a reflection on the government/collegiate complex cost of education than it is of taxes.
originally posted by: Edumakated
originally posted by: pavil
a reply to: FyreByrd
Some of the hardest hit will be student loan recipients: Nearly 12 million will be affected by repeal of the student loan interest deduction. Graduate students will be hit even harder, since the House tax bill proposes taxing tuition paid by their universities, which will raise taxes by nearly $10,000 on some students.
If your taxes are affected by $10,000 by the student loan interest deduction, you are not middle class. Doctors just out of internship have those kind of Interest deductions not normal college people. It's more a reflection on the government/collegiate complex cost of education than it is of taxes.
You also can't even write off student loan interest when you make more than $80k as an individual or $160k as a couple.
Given the income limits, the maximum the federal student loan interest deduction can save you is $625 annually. This assumes that you make fall into the 25% federal income tax bracket and have a modified adjusted gross income of $65,000 or less.
originally posted by: eXia7
It's not a tax problem, its a spending problem. Hands down no debate.
We can complain until the cows come home, but its obvious that TPTB don't care about the average citizen. Nothing will change until a change is forced. People are too lazy or too preoccupied to educate themselves on taxes and government waste. Most people just accept taxes because its "just part of life." That mentality is what has caused such a huge gap in wealth distribution because people are fine with the way things are, even if they do complain about it.
originally posted by: 3NL1GHT3N3D1
a reply to: Edumakated
Free sh*t? You mean the free sh*t I'm paying for with my taxes? Yeah, keep saying that, it doesn't make it true though.
originally posted by: TonyS
a reply to: FyreByrd
I've seen nothing much in the way of good news in this "Republican" tax business.
That said.......an analysis by "American Progress" isn't dispositive of anything for two reasons.
1) No one anywhere knows what if anything this Congress will ever agree to pass in the way of a tax package. The safe bet is on the proposition that nothing will ever be issued forth.
originally posted by: JBurns
a reply to: FyreByrd
FyreByrd, I agree that the tax proposal isn't perfect. It is a good step in the right direction, though. Clearly there are finer details that need to be worked out, including debt relief for student loans and more tax reduction for middle and low class families.
For instance, if a household income (definition to include single people living alone) is below X amount of dollars/year, they could be exempt from income tax entirely. While those in a middle bracket could be heavily discounted, say 75%.
At least my 2c
Taxes are the price we pay for a civilized society.
Reportedly first said by Holmes in a speech in 1904, alternately phrased as "Taxes are what we pay for civilized society, including the chance to insure", Compania General De Tabacos De Filipinas v. Collector of Internal Revenue, 275 U.S. 87, 100, dissenting; opinion (21 November 1927). The first variation is quoted by the IRS above the entrance to their headquarters at 1111 Constitution Avenue.
originally posted by: matafuchs
a reply to: FyreByrd
You know the Center for American Progress is founded by John Podesta? I believe these guys as much as the CBO on Obamacare.
Center for American Progress
The Center for American Progress was begun in 2003 with funding from philanthropists Herbert M. Sandler and Marion O. Sandler[1] It is a Washington, DC-based liberal think tank created and led by President and Chief Executive Officer John D. Podesta, the head of Barack Obama's presidential transition team after the 2008 election and former Chief of Staff for President Bill Clinton.
originally posted by: LightSpeedDriver
a reply to: JBurns
I understand the difference in numbers but that's why it is called (depending on location) national healthcare, global healthcare or universal healthcare. It doesn't (or shouldn't) matter how large the population is, healthcare scales up or down, like all other services.
Lmfao, keep your jokes to yourself clown.
originally posted by: 3NL1GHT3N3D1
a reply to: dfnj2015
People are against socialized (universal) healthcare but are all for socialized military eating up most of our taxes. No one has a choice whether their taxes go toward the military, I don't want my taxes going toward military because it does me no good but I'm forced to pay for it anyways. It's stupid, at least if I'm forced to pay for something then I'd like it to be something that benefits me and my neighbors, like healthcare, not something used to kill foreigners overseas.
originally posted by: olaru12
originally posted by: 3NL1GHT3N3D1
a reply to: Edumakated
Free sh*t? You mean the free sh*t I'm paying for with my taxes? Yeah, keep saying that, it doesn't make it true though.
Time to incorporate, so you can claim a business deduction for everything. That's what I did years ago. The system works if you know
how to play the game.
originally posted by: pavil
The lack of personal exemptions on large families is a concern. Large families will actually probably pay more in taxes or more precisely, get a smaller refund. Increasing the standard deduction isn't really a great solution to reducing taxes IMO. There should be tax savings for all people and that is not what appears will happen.