Subj : Re: Fido Gazette
To   : Aaron Thomas
From : Brian Klauss
Date : Wed Jan 20 2021 09:18 pm

 Re: Re: Fido Gazette
 By: Aaron Thomas to Brian Klauss on Thu Jan 21 2021 12:45 am

> How fiscally conservative can you be if you're electing people who want
> socialized healthcare for the entire world at the American taypayer's
> expense?

I believe everyone in the US is entitled to healthcare. Let's do some creative math and call this "Brian's Healthcare Example".

Right now I contribute $450 each paycheck that covers medical, dental, and vision for myself, wife, two daughters, and son. $11,700/year

I have a $1,200 family deductible that must be paid before the insurance starts paying anything.  That amount is $7,000, less $1,200, because everything after $1,200 is 80/20.  For the insurance company to start paying everything I must fork over $18,700 per year.

So, we are now at $18,700 out of pocket maximum per year.

Let's say I make $50,000 per year.  My maximum out of pocket is $18,700 or 37.4% of my gross pay, not net.  Let's assume my marginal tax rate is 12% (married filing jointly).  This removes another $4,584 in taxes (50,000 - 11,700 = 38,300 - 12% (4,596) = 33,704 (net)).  $33,704 / 26 = $1,296.30 per paycheck (26 cycles per year).

So, my gross take home per year is $33,704.  If you account for groceries, utilities, and the bare necessities, you'll be lucky to survice on $200/mo.

Now, let's take various socialized healthcare plans that are being touted by the Democrats... 3% of Gross covers medical, dental, and vision.  Again, let's go back to our $50,000 gross per year, less 3%.  That is $1,500.  Even if we keep the marginal tax rate of 12% on $48,500, or $5,820, our net take home is $42,680 per year ($1,641 per cycle).

The math is there.  Your inability to see the benefits of it for those that are grossly underpaid is why states like Kentucky, Tennessee, Mississippi, and many rust and bible-belt states have people choosing between feeding their family or getting healthcare.

Now, what about someone making $150,000/year.  Okay, 3% is $4,500. It's a fair share.  This reduces the income to $145,500, less the marginal tax rate of 22% or $32,010, leaves $113,490 NET.

Again, how or why is this a problem?  It works for Medicare/Medicaid as its been paid into on everyone's paycheck since they started working.  Change the formula and everyone no longer goes bankrupt trying to stay healthy (or get healthy).

Brian Klauss <-> Dream Master
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