Message from NCY1689 in #FedsShallRiseAgain! #fed-discussion


2018-03-03 02:31:01 UTC  

Of coruse TNF was pushing for 90%

2018-03-03 02:31:09 UTC  

lol

2018-03-03 02:31:16 UTC  

And it was set at 50% for a while

2018-03-03 02:31:30 UTC  

but sbane and I grudingly conceded to 60% because we care about debt

2018-03-03 02:31:48 UTC  

lol

2018-03-03 02:32:37 UTC  

I think only Maxwell voted no on that 60% rate

2018-03-03 02:32:40 UTC  

ironic now

2018-03-03 02:32:50 UTC  

lol

2018-03-03 02:33:12 UTC  

and now the top rate is 39.6%

2018-03-03 02:33:22 UTC  

same as RL yes

2018-03-03 02:33:45 UTC  

well RL 2016

2018-03-03 02:34:07 UTC  

i think the tax reform bill AZ sent me a while back proposed changing it to 50%

2018-03-03 02:34:14 UTC  

but I don't know whatever happened to that

2018-03-03 02:35:04 UTC  

here's the current budget Truman wrote

2018-03-03 02:35:08 UTC  

FEDERAL BUDGET: FY2018

Revenues:

Income Taxes: $ 1561.83 Billion
by tax bracket
0-13K 10%
13K-50k 15%
50K-130K 25%
130K-210K 28%
210K-413K 33%
413K-441K 35%
441K+ 39.6%

Corporate Taxes: $ 340.00 Billion
0-100K 0%
100K-1M 15%
1M-10M 21.5%
10M+ 28%

2018-03-03 02:36:29 UTC  

I wish he had given break downs for each line of text

2018-03-03 02:36:38 UTC  

each bracket I mean

2018-03-03 02:38:25 UTC  

I've been thinking about whether it's possible to add a new top rate of 49% for 1M+ and cut some lower rates

2018-03-03 02:38:37 UTC  

or something like that

2018-03-03 02:38:49 UTC  

Its possible

2018-03-03 02:39:29 UTC  

We also need to find some ways to raise more revenue for healthcare

2018-03-03 02:40:18 UTC  

I have some questions about that estimate

2018-03-03 02:40:21 UTC  

for instance

2018-03-03 02:40:30 UTC  

Mediciad has to funding sources

2018-03-03 02:40:32 UTC  

Federal and state

2018-03-03 02:40:43 UTC  

Is the state portions being included or not in their estimates

2018-03-03 02:47:08 UTC  

The other rather thing we could address budget wise is Social Security, though not immediately a big driver of the deficit

2018-03-03 02:47:23 UTC  

the state contributions are not included

2018-03-03 02:47:41 UTC  

for medicaid

2018-03-03 02:49:14 UTC  

That explains the shortfall then

2018-03-03 02:49:21 UTC  

or at least most of it

2018-03-03 02:51:23 UTC  

States account for 37% of Medicaid spending on average

2018-03-03 02:52:41 UTC  

Atlasian Healthcare ($1261.14 Billion)
$423.77 Billion... Senior Healthcare
$44.31 Billion.... Veteran Healthcare
$12.90 Billion.... Federal employees' and retired employees' health benefits
$388.98 Billion... Healthcare Subsidy (Medicaid (Federal Portion)+CHIP)
$36.44 Billion ... Healthcare Subsidy (Medicaid Underutilized Expansion Est. Fed Costs)
$338.85 Billion... Healthcare Subsidy (Sliding Scale for rest of population)
$15.89 Billion.... Healthcare Subsidy Office (HSO) and AtlasCare Office (ACO) Administration

2018-03-03 02:52:53 UTC  

here's the healthcare spending breakdown

2018-03-03 02:53:52 UTC  

So then it is not the shortfall

2018-03-03 02:54:01 UTC  

I was talking about the revenue side

2018-03-03 02:54:29 UTC  

You see we are already beneath RL

2018-03-03 02:54:46 UTC  

Medicare and Medicaid alone are

2018-03-03 02:54:52 UTC  

1.2 Trillion in RL

2018-03-03 02:55:12 UTC  

here's other revenue

2018-03-03 02:55:15 UTC  

Healthcare Taxes:
Healthcare Payroll Tax - $ 856.1 Billion
5% (2.5% on employees, 2.5% on employers)

ACA Originated Taxes:
40% Cadillac Tax - $ 0.00 Billion
0.9% Payroll Tax - $ 263.35 Billion
3.8% on Net Investment Income - $ 12.80 Billion

Excise Taxes:
Carbon Tax - $ 16.35 Billion
Gasoline Tax - $ 50.00 Billion
Tobacco and Alcohol Taxes - $ 24.20 Billion
Excise taxes on health insurance providers,
pharmaceuticals, and medical devices - $ 9.90 Billion

Customs Duties: $ 36.30 Billion

Other Revenue: $ 105.00 Billion