But, see, health care will be totally free! That’s what those advocating for it tell us
California weighing proposal that could double its taxes
California lawmakers unveiled a new bill at the beginning of the year that would establish a single-payer health care system – an ambitious plan that would be funded by nearly doubling the state’s already-high taxes.
A new analysis from the Tax Foundation, a non-partisan group that generally advocates for lower taxes, found that the proposed constitutional amendment would increase taxes by roughly $12,250 per household in order to fund the first-of-its-kind health care system. In all, the tax increases are designed to raise an additional $163 billion per year, which is more than California raised in total tax revenue any year before the pandemic.
The proposal includes three main revenue raisers, according to Jared Walczak, a fellow at the Tax Foundation: Higher income taxes on wealthy Americans, a payroll tax on certain employees’ wages for large companies, and a new gross receipts tax.
Under the bill, the top marginal rate on wage income would soar to 18.05% – well above the median top marginal rate of 5.3% and the state’s existing rate of 12.3%. There would be an 18-bracket system, with higher taxes kicking in for individuals earning more than $149,509.The highest rate would apply to those who earn more than $2,484,121.
Totally free, right? Just wondering, how many of the rich folks in California would leave for other states immediately? How many non-rich will skedaddle to greener, cheaper pastures when they realize they’ll be paying for?
California would also expand the payroll tax paid by employees who earn more than $49,990 in annual income if they work for a company that has more than 50 workers. Walczak noted the plan could deter small businesses from expanding by inadvertently creating a tax cliff. For instance, if a company that had 49 workers earning $80,000 each hired one additional employee, they would suddenly create a tax bill of more than $90,000.
Finally, the state would also adopt a new 2.3% gross receipts tax (GRT) on qualified businesses minus the first $2 million in annual gross receipts, at a rate more than three times that of the country’s current highest GRT.
How many businesses will more out of state? I wonder if all the Hollywood business will be good with this? But, hey, California should give it a whirl. Every experiment needs an experimental group, right? And no complaining from all the Democratic Party voters in California, as this is what they’ve been pushing for.
The Tax Foundation is an anti-tax think tank.
They claim the new tax law would increase average household taxes by $12,250! The poor can’t afford that!!!
Sure, if you divide the total amount by the number of CA households you get roughly $12,250 each!!
But, but, but… are all households equivalent? The roughly 200 billionaires and roughly 1 million millionaires in CA are in a better position to pay more aren’t they?
Let’s see… family of four divided by $12,250 = roughly $3,100 per person/year for healthcare coverage, even if the middle class family of four had to pay that! That’s pretty cheap, and no middle class family will have to pay even that much!
All-or-None Teach: Totally free, right?
No one thinks that health care can be free, but it can be universal. Meaning everyone has access without hacking their way through a byzantine jungle of primary vs secondary providers, deductibles, in networks and co-pays.
Have any Covians spoken with citizens of other advanced nations regarding their health care systems? You should. Ask a middle class Canadian, Australian, Brit, Israeli, Scot etc if they prefer their universal care vs our hodge-podged system. You may be surprised. (We know, we know… Why do millions of Canadians come to the US for heart surgery? They don’t).
The irony is palpable.
Typical liberal “All-or-nothing” rhetoric, assuming that there are only two options. Why do those free-thinking liberals always see things in black and white?
Rhetorical; there is no “why”, it’s simply a defining characteristic.
Government medical care is all about reducing cost. In Canada, it would take 6 months to get a CT scan of the brain for patients with neurological symptoms. The reason for the excessive delay was to allow the patient to die, thus enormous savings in treatment. A dog could get a scan from the same machine in 24 hours.
If you look at Obama care, the goal is once again to limit your access to care. Sure, you can see a physician readily, but he is limited in options to diagnose.
Notice how Jeff begins his ramblings. The tax foundation is anti tax, in Jeff’s world that obviously means they are lying. I take that to mean that those that worship CO2 are lying when they say things about the climate.
Then Jeff jumps on the people who are most successful and productive. This is a common target of communist and from day one of the communist movement it is necessary to attack successful people.
Then he advocates for universal government control of your health. He refers you to people under socialized medical systems. I have asked people what they think of these systems and they hate them. Many countries are trying to back out. Is our system better, hell no, and that is because of government interference. In the 80s we had great health care, now NO, and that is because of our liberal Dems and Obama. Just look at the disaster that is the COVID response. That is the government that is stopping doctors from treating as they have for decades.
Jeff is a communist. He will do or say anything to denigrate those that love freedom and equality.
david7134: “Jeff is a communist. He will do or say anything to denigrate those that love freedom and equality.”
Why yes Dowd is and yes he does. He is the quintessential butt-hole licking lackey. Anything regurgitated by the leftist narrative he believes. Unflinchingly. Unquestionably.
He is a wealthy anti American, white hating heathen who doesn’t deserve to live free in the USA. Ya wanna know how stupid and detached from reality leftists like Dowd are? Dowd’s god-on-earth, we call him/it the junta or “Brandon”, called Kyle Rittenhouse a “white supremacist” for shooting three white people? But he/it refuses to “speculate” on the motive of Malik Faisal Akram! How’s that for having their heads up their collective leftist commie asses?
A recent Rasmussen Poll showed the majority of Democrats believe unvaccinated Americans should be locked up in their homes, locked out of polite society, fined, and banished, as PJ Media’s Stacey Lennox reported recently. Nearly 50% of Democrats polled believe that Americans should be imprisoned for spreading “misinformation” (read: holding a differing opinion). A third of Democrats favor removing children from their parents if they fail to comply with COVID mandates.
They are the tyrants, the oppressors, the 21st century nazis yet they see themselves as the heroes just as those in the 20th century did.
Totally agree. I have been reading his crap for over. 10 years. Most of what he says is lies, if a grain of truth pops out he binds it out of shape. I feel his only purpose here is to chase away conservatives and destroy the blog. This sounds far fetched, but a group of pseudo intellectuals came out many years ago and affirmed that they would attack web sites that did not believe in the religion of climate change. Just make sure you play with him and don’t take him serious or get under your skin. He really likes to hurt people.
A lot of blah, blah, blah from LG and David Porter but no addressing of the issue. The anti-tax Tax Foundation and anti-tax Teach want you to believe that every family will be taxed an additional $12,250 per year!!
That’s not true.
Hey, let ’em try it! The billionaires won’t really notice, but there are a whole bunch of Californians who will, people paying inflated taxes to pay for the health care for millions of illegal immigrants.
The well-to-do but not wealthy will be encouraged to leave the state, the lazy and indolent will want to move there, and you’ll have a state in which you have the very wealthy, the very poor, but a significantly reduced middle.