Message from Deleted User in #FedsShallRiseAgain! #fed-discussion
here's the current budget Truman wrote
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%
I wish he had given break downs for each line of text
each bracket I mean
I've been thinking about whether it's possible to add a new top rate of 49% for 1M+ and cut some lower rates
or something like that
Its possible
We also need to find some ways to raise more revenue for healthcare
I have some questions about that estimate
for instance
Mediciad has to funding sources
Federal and state
Is the state portions being included or not in their estimates
The other rather thing we could address budget wise is Social Security, though not immediately a big driver of the deficit
the state contributions are not included
for medicaid
That explains the shortfall then
or at least most of it
States account for 37% of Medicaid spending on average
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
So then it is not the shortfall
I was talking about the revenue side
You see we are already beneath RL
Medicare and Medicaid alone are
1.2 Trillion in RL
here's other revenue
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
and see, it doesn't mention state contributions to Medicaid
Sp healthcare is under by about $200 billion
hmm
WE are going to need to do a bill to on the Medicaid situation
ok
Here is the problem
the budget is acting as if both the Spending and revenue still occurs at the state level
as if nothing had changed
But Medicaid doesnt' exist
anymore
So what is that money going to
so how exactly did atlascare affect that
Abolished Medicaid