Here is a little exercise for you.
1. Get out your copy of your 2011 tax return and have a calculator handy.
2. Enter into your calculator the total amount which Uncle Sam wanted you to pay in income taxes, based on your income after you took your deductions and credit for exemptions. This is the called “Total Tax” and it appears on line 61 of your form 1040.
3. Now push the division key on your calculator.
4. Now enter the total amount you paid taxes on, after all deductions and exemptions due you, which you will find on line 43 of form 1040 where it is called “Taxable Income.”
5. Now push the percentage sign key (or the equal sign key if you don't have a percentage sign key) on your calculator to see what percentage of your taxable income you paid in taxes. You might want to sit down before you do this.
Mitt Romney assures you that he always paid his taxes and that they were about 13.6% of his income. or whatever number he mentions that day.
Let's look at what can be done with this "freed-up" resource. Of course, if “Obamacare” is repealed, these built-in spending cuts will not be the law of the land any longer and the government will have to figure on spending, rather than saving, that 716 billion dollars over the next decade because the efficiencies which were to produce them would no longer be the law! But more about that later.
For those who cannot afford health insurance, and those on Medicaid due to their low income, the government will provide financial support. The Act provides that the freed-up 716 billion dollars of Medicare savings mentioned above can be used over the next ten years for this purpose. If that were not the case, such government financial support for purchasing health insurance for those who cannot afford it would require additional revenues in the form of increased taxes of some kind.
The Republicans refer to this as stealing from Medicare to pay for Obamacare. IF THE SAVINGS WERE BASED ON A REDUCTION IN BENEFITS TO THOSE ON MEDICARE, WHICH THEY ARE NOT, I WOULD AGREE WITH THAT. BUT AGAIN, LET ME REITERATE THAT THIS IS NOT THE CASE! The 716 billion dollars will come from reduced payments to Medicare providers who will be compelled to operate more efficiently.
Using these Medicare savings over the next ten years to subsidize those who cannot afford to purchase the required health insurance on their own will put all Americans in the same boat, and neutralizes a contrast between those already on Medicare and those who are not. We are all in this together, and that includes the providers.
They leave it to the unaccountable SuperPacs brought into prominence by the Citizens United decision. When you see their ads on television, note the names of the groups sponsoring them.
That, at least to my way of thinking, is the way Republicans look at it. I would hope you can see through their curtain of falsehoods.
TSA personnel marched along the lines admonishing everyone that the slowness was being caused by us because we were not adhering to the 3-1-1 rule, especially that we were not keeping the plastic bag separate from our carry-on bags. They were enforcing the rule to the letter of the law.
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