@JamesMorrison,
Quote:
The source of my confusion is that first you inform us that "this works out to around $250 per person IF it were to be averaged out". Then you inform that "it won't be averaged out". But because of the latter you then invalidate your $250 figure and replace it with the far more ambiguous: "it's actually far less then that for the vast majority of people" With this type of guzzy calculus is it possible it (the $250 figure) could actually be more rather than less? To be honest if you answer that question yes then I might be interested in the math but I suspect that your calculations are the result of seeking a particular outcome (see global warming e-mails). Perhaps you could present a clearer explanation (not an Obama-like repetitive iteration please-just one good one will do nicely) to school us conservatives.
See, I actually followed your links back to their source, The Hill, and found this paragraph:
Quote:Once the law is fully implemented in 2019, the JCT estimates the deduction limitation will affect 14.8 million taxpayers " 14.7 million of them will earn less than $200,000 a year. These taxpayers are single and joint filers, as well as heads of households.
http://thehill.com/blogs/on-the-money/domestic-taxes/91669-healthcare-law-socks-middle-class-with-a-39-billion-tax-increase
So, that '3.9 billion a year' number is divided by the 14.7 million people, it comes out to: $260 each. Which is actually slightly higher then the $250 I reported, but I did say 'around 250.'
BUT; the vast majority of those who are affected don't just make less then 200k per year, but MUCH less then that. They will pay a LOT less then 250 each. Those who make CLOSE to 200k per year will pay more. But who gives a ****; because those people are still rich as hell. It won't even make them blink. Additionally, these are individual rates, not married filing jointly rates, as the article makes clear.
So, the idea that this will cause some massive tax increase on Americans - a decade from now - is a joke, and not supported by the data at all. Not only that, you will note that at around 15 million people affected, that comes out to less then 5% of our population. Like I said earlier:
big whoop.
The fact that the article was quoting Chuck Grassley should have been your first indicator that it was bullshit, but somehow you failed to catch on even when given an obvious clue like that.
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Further, the "Big whoop" here is not the tax increase amount, it is that it is a tax increase and as such finds Obama in the position of appearing to, shall we say, mislead the American taxpayer. Some questions then present themselves:
1.Did the President lie to the American people?
if not, then:
2.Is he fiscally rudderless and just making it up as he goes along?
if not then:
3.Does he have a specific "Change" in mind for America and if so what would that be?
With Obama's numbers dropping it is quite clear that answering these questions is starting to make Americans uncomfortable.
I don't think you are a good judge of the 'American people.' You are what is colloquially known as an extreme conservative, JM. You are outside the mainstream. So that which makes you upset, is likely seen as a neutral or even a good thing by most.
When it comes to judging Obama's level of truthfulness on that issue, we'll leave that up to the individual. But I will add that limiting a deduction is not the same thing as raising taxes.
Cycloptichorn