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Need a Receipt On Taxes? The Federal Tax Receipt
ndogg writes "The White House has opened up a tool that lets you see where your tax dollars are being spent. I put my numbers in and it showed that a little over a quarter goes towards defense and military spending (I'm not sure I'm getting my money's worth on that one), and a little under a quarter for health care." I'm sure readers (and think tanks of various stripes) will have some alternative narratives, too. For readers elsewhere; it's tax season here in the US.
If we cut that back to 1/6th of our spending on military, we'd still be the top spender in the world.
If we cut 90%, we'd be the world's second-highest spender.
If we cut back 95%, we'd be 10th.
In other countries, a quarter of their taxes goes to health care, but then they actually get health care for that! It's very sad that in the US, you can pay just as much, yet that only covers old people and poor people and politicians.
I've lived in 3 countries -- UK, Canada, and USA -- and the health care in UK and Canada is a billion times better than in the US. The doctors here in the US spend about half their energy finding funding for whatever care they want to provide, and people here routinely walk around sick and with untreated wounds and diseases. Even people who "have insurance." And people who live on the Canadian or Mexican border cross the border to get health care or buy pharmaceuticals routinely. It's just amazingly sad.
It's hilarious how many slashdotters are accusing me of not knowing history, and then follow that with "proof" that the Constitution doesn't mean what the clear language states based on James Madison's (or Thomas Jefferson's) say-so. You all have to realize that the Constitution was not drafted by a hivemind that had a single intent. There were bitter fights over what it should say and what it should mean. Madison and Jefferson represented only one faction. Hamilton represented another, which interpreted it very broadly. Picking and choosing which signer's intent should govern is idiotic; in these cases you have to look at the plain language of the document. They could have limited the General Welfare Clause to furthering the enumerated powers. They decided not to.
Think for yourself. Research the original sources; don't just grab sound bites off fringe libertarian blogs or wherever you pasted that from t is 1:30 AM, so I am not going to teach you too much history, but be assured that the Hamiltonian view of the general welfare clause was pretty much operative from the beginning, from Washington's administration on. The Jefferson and Madison administrations don't change that.
You could run a private fire service in theory, but in practice they don't turn out very well. For one thing, in built up areas, why would anyone pay if their neighbour already has? They'd have to put your house out if it caught fire to prevent damage to a property they have covered. For another, you end up with a lot of people dying because the owner of the building they happened to be in was too cheap to buy coverage. The only way to avoid that is to mandate fire cover, but then you're just back where you started.
What seems incredible to me is you're paying more tax for healthcare than me, yet in my country I get healthcare that is free at the point of use and don't need health insurance at all.
I think I rather like my (pejoratively termed by right wingers in the US) "socialist health care system". It's certainly way cheaper on my tax take and neither I nor my employer don't have to pay for insurance on top of that.
I therefore have to agree 100%: your health care system sounds as if it needs reform.
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I've never seen such pig ignorance.
The Supreme Court affirmed Hamilton's point of view both in Helvering vs Davis and Steward Machine Company vs Davis. The Supreme Court's view is that Congress is entitled to an expansive definition of "general welfare," and may seek to promote it through many means, including its prodigious taxing and spending power.
My pathetic, deluded friend, you should have learned this in middle school. What is going on in your screwed up country that so few understand their own laws and government? Granted, I did well in American history, but I still expect AMERICANS to know SOMETHING about it.
Do you know how much you pay today if you earn more than 500Kin Connecticut today? With 35% federal, 6.5% state (and the governor wants to push it up by a few points), FICA is really irrelevant then, because it's capped at first 100K, but 2.9% Medicare tax is applied on the ENTIRE amount. This is only the income taxes, can you do the addition?
The problem is it's not entirely additive. That 35% number you quote for federal is only for the amount above $380k (when the 35% bracket kicks in). People often quote the highest rate as if that's the total tax for the entire amount. This often comes up when people talk about taxes 50 years ago at 90% tax rates. The problem with this is that taxes are progressive so quoting the highest rate is misleading.
If you want to talk about taxes due, you should be calculating the effective tax rate, not the top tax rate. On $500k it's about 29% with no deductions (which everyone gets). Start there and your point would have more weight.