Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (42827)	4/20/2010 7:45:20 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Re: [are phased in over a considerable period of time] "Irrelevant, they are still tax increases...." Just NOT ONES that are gonna snare much if any actual REVENUES by the time they are finally in effect in 2019 --- because most of the big Union wage plans and whatnot will be renegotiated before then (recognizing that the tax shelter is going away) so that more of the compensation is paid in straight SALARY and not over-weight "Cadillac" health insurance. This will allow people to choose to spend their OWN MONEY for extra-cushy health insurance (if that is what they want to do), or not and, if not, that's where the downward pressure on health insurance costs comes from. But, at the end of the day when this provision is finally in force... I expect it's tax bite to be extremely TINY. Re: [over $250,000 annual income couples...] "3.8% Medicare tax on investment income starting in 2013" As you know I support the concept of taxing all sources of income in the same manner... so don't expect me to get worked up about this small symbolic blip in the direction of that. (To me favoring one type of income over another is a bad, bad, thing... although I also would like to see tax rates compressed as close as one single flat rate as is possible to get in any tax reform we may embark on!)