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A 0.1% tax on all income would generate something like $8Bn dollars

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BR_Parkway Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-15-09 04:48 PM
Original message
A 0.1% tax on all income would generate something like $8Bn dollars
a year - surely that's enough to cover everyone under a Medicare plan - and personally, my actual cost would be far, far, far below what health insurance with worse coverage costs now. Seems like it would for about 90-95% of the population
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stray cat Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-15-09 04:55 PM
Response to Original message
1. 85 dollars a year would not cover my health care costs - thanks to those who will pay the add. 12000
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Incitatus Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-15-09 04:57 PM
Response to Original message
2.  8 bln wouldn't be even close.
Edited on Sat Aug-15-09 05:02 PM by Incitatus
Medicare spends well over 200 bln a year now.
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BR_Parkway Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-15-09 05:10 PM
Response to Reply #2
3. Then a 1.5% tax - still be cheaper than what most of us are paying
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Fire_Medic_Dave Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-15-09 05:21 PM
Response to Reply #3
4. 15% tax might get you there.
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anigbrowl Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-15-09 05:45 PM
Response to Original message
5. A career in economics is not in your future
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safeinOhio Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-15-09 06:40 PM
Response to Original message
6. My plan
10 cents on every stock traded, to be returned if stock is kept 2 years. Can some one do the math for me?
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Motown_Johnny Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-15-09 06:50 PM
Response to Original message
7. 85 Billion a year for the current plan is closer
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