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Saturday, October 31, 2009

Taxes, taxes, and more taxes

Americans for Tax Reform has looked at the 'new' house version health care payment by someone else reform bill (HR 3962, still over 1950 pgs) and found ..... wait for it .... more and more taxes, and not just on the 'wealthy'.

Read the whole list ..... and then the comments.

I'll pull just one comment from the article:
We have 14 employees in our business with a payroll of about $500,000. The cost of providing insurance for all of them is about $51,000 a year. If we opt not to insure them we would pay an excise tax of 2% of $500,000. In other words $10,000. We could save $41,000 by not insuring them. We won't do that to our employees but there are plenty that will and who knows about us if things get really tight. So off they go to the "public option". "If you are happy with your insurance right now you can keep it ..." yeah, right, provided your employer doesn't dump you into the public option.
>> Rob Thursday, October 29, 2009 8:22 PM
And that's the point .... getting us off private insurance and on the government is the ultimate goal.

I'm not sure we'll make it .... h/t protein wisdom.

pm

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