Originally posted by DontTreadOnMe
Wait until taxpayers find out how much more they will be paying in taxes...
From what I read the surtax will hit those with a joint income bracket of $350,000-500,000, 500,000-1 mill, and 1mil+ per year at 1%, 1.5%, and 5.4%
The 1.2% of Americas highest earners would be hit with a surcharge.
Are all of those outraged falling into those brackets?
I doubt it, personally.
One of the more vocal members here at ATS expressing outrage in a popular thread is homeless and would of course be unaffected by this aspect at
That is situational and certainly not the rule for all. On average premiums increase at around 10% annually, and although this bill will slow the rise
of premium costs for a time it will raise the costs for SOME
Mainly for the individual market, but...
Health care reform does not increase premiums and boot people out of their coverage
On Nov. 30, 2009, the Congressional Budget Office, or CBO, released a detailed analysis on how health insurance premiums might be affected by the
Senate Democrats' health care bill. The CBO is an independent agency whose estimates for pending legislation are considered nonpartisan and
The CBO reported that, for most people, premiums would stay about the same, or slightly decrease. This was especially true for people who get their
insurance through work. (Health policy wonks call these the large group and small group markets.) People who have to go out and buy insurance on their
own (the individual market) would see rates increase by 10 to 13 percent. But more than half of those people -- 57 percent, in fact -- would be
eligible for subsidies to help them pay for the insurance. People who get subsidies would see their premiums drop by more than half, according to the
CBO. So most people would see their premiums stay the same or potentially drop.
...the individual market would see an increase of 10-13% yet more than half of them would be eligible for subsidies to reduce the costs by 56-59%.
With so little new information available, I see no reason for the upturn
Same with the level of outrage, but yes I agree.
Perhaps though, some have taken the time to look more into the bill.
I think we all should be more informed. That way the talking heads don't get everyone into a panic with alarmist rhetoric before they fully
comprehend the situation. Some of which are claiming this to be the "end of America"
and that the bill will make "your Granny will die
Anyone looking to these bozos for direction will be in a frenzied panic without even reading paragraph one.
We need to take a breath.
Mostly we need to turn off a lot of these talk radio shows and heavily slanted news programs that cause more rage than rational thought.