Friday, June 19, 2009

Here Come the Taxes...

An article states that the following items and people are being considered for a tax hike to fund government health insurance:
The final price tag for that effort could top $1 trillion, with cuts to Medicare and Medicaid covering the rest of the cost.
The tax options include:
- Increasing the price of soda and other sugary drinks by 10 cents a can.
- Applying a potential 2 percent income tax increase to single taxpayers earning more than $200,000 a year and households earning more than $250,000.
- A new employer payroll tax could target 3 percent of employers' health care expenditures.
- Taxing employer-provided health insurance benefits above certain levels - a less likely option but one that still is in the running.
Notice the tax has gone down from the $250K to $200K since the campaign. Several articles mention a national sales tax to pay for it as well. If the payroll tax or employer-provided health insurance is going to be taxed than I suggest you not ask for a salary raise because you probably won't get it. Ultimately, your employer isn't going to eat these costs. You do! Don't like it? Good. Leave and try to go find a new job in this economy...

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