Likewise with Medicare – here the tax is currently uncapped, but at least you know you will receive the health care you need in retirement, also without a cap. Both of these proposals would also wreak havoc with the marginal tax rate as benefits phased out.

Finally this system would create bizarre incentives to save less for retirement, about the last this we should encourage at the current time.

source finance.yahoo.com

Just because the Admin says it, does not mean they have to type it and put it on the air, as if it were the undisputed truth.

This is the Union tax. In a few years it will be the Police, Fire, Senior, and Teacher tax. How many people who will pay this tax are really driving Cadillacs, and how many are Union members.

Listening to the news, you’d picture somebody who will pay the tax as some guy who looks like the Monopoly guy with a top hat and monocle climbing out of his Cadillac.

Unless the small businesses can switch to a public option instead and dump the thieving insurance companies altogether.

Let’s face it: only the rich and destitute will have access to health insurance that isn’t paid for by way of health insurance. If a surtax on health insurance premiums isn’t avoidable, it ought to apply only to those who also make in excess of an agreed high minimum salary. That would exempt the likes of active and retired union workers.

What non-GOP head case wants to tax a middle income union worker or their surviving spouse on medical insurance when the executive paying the same tax has it paid by a gross up in salary – and therefore has no more skin in the game than a Congresscritter who can have their gout looked after for virtually nothing by taking an express ride to the Navy-staffed hospital underneath the Capitol Building?

Let’s not forget in this debate that Congresscritters have no skin in this game except what promotes their re-election. Most are millionaires, in the top 1% of incomes, AND they have virtually cost-free taxpayer-paid FULL medical care (while active) and medical insurance (when retired). Like John McCain and Orrin Hatch. I can’t imagine a more socialistic benefit, can you?

Besides, like me once you get yours why not practice a litte of the lost art of noblesse oblige to show you have some class in your plushy golden years…

If you want to oblige some of that noblesse my way, lemme know.

1. Let the Bush tax cut for the super rich sunset as it was originally passed.

2. For any family or person making over $250K NET income from salary and that have their health care premiums partially or fully paid for by their employers they should have those contributions taxed as regular income. Buck up Americans and finally admit that it is income – you will be doing all of us a favor by facing reality.

3. Eliminate the cap on Soc Sec max income. That is to say if while you are making it your paying it. And finally…

4. To determine government payments when you retire, put prorated means testing on Soc Sec, Medicare and Medicaid benefits. The more retirement income you have coming in over a certain amount of annual income (pick any amount $250K and up gross) the less you should get from Uncle Sam. If you do not need it why would you want to take it – cause your greedy maybe?

Sure there are those that will argue that this is too simplistic (and to scare the hell out of any rethuglicons that read FDL – socialistic) why complicate things if you do not have to. Besides, like me once you get yours why not practice a litte of the lost art of noblesse oblige to show you have some class in your plushy golden years…