madville
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Thu Jul-16-09 12:15 AM
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Have any wealthy people made a public statement they will be happy with a 5.4% tax |
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Just curious if any wealthy people like atheletes, actors, actresses, mucisians, etc have come straight out and said publicly they have no problem paying a 5.4% tax on their earnings to fund health care. If somebody gets 20,000,000 for a movie or sports season, do you think they are going to gleefully pay 1,000,000 to fund health care reform or do you think many will try to shelter it somehow?
Probably going to be a lucrative time to be a creative accountant for the rich.
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abumbyanyothername
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Thu Jul-16-09 12:18 AM
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1. Maybe we could exempt the athletes and movie stars |
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and just hit the CEOs and Investment Bankers.
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Tuesday Afternoon
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Thu Jul-16-09 12:18 AM
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2. I think Whoopi Goldberg has made a statement to that effect... |
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not those exact words mind you.
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ContinentalOp
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Thu Jul-16-09 12:25 AM
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3. Where did that 5.4% number come from? |
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Because that's a bit more than I'm paying now for my private health insurance. Presumably if the tax were progressive I could save a bit of money. But the current plan under discussion amounts to much more than 5.4%. $10,000 is 5.4% of $185,185.
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scheming daemons
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Thu Jul-16-09 12:28 AM
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5. Top tax rate will be 39.6% when Bush's cuts expire in '10. This bill would make it 45%. |
ContinentalOp
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Thu Jul-16-09 12:30 AM
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6. Oh I see. So the 5.4% isn't health care for everyone, just for the poor? -nt- |
scheming daemons
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Thu Jul-16-09 12:31 AM
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7. It's the surcharge on the rich to pay for the program |
scheming daemons
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Thu Jul-16-09 12:27 AM
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4. Well... it certainly didn't hurt the stock market today |
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So, they didn't "vote with their dollars" as the Repukes like to say every time the market drops on Obama's watch.
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abumbyanyothername
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Thu Jul-16-09 12:31 AM
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8. They did vote with their dollars |
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and the verdict is that national health care is good for American business.
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ibegurpard
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Thu Jul-16-09 01:23 AM
Response to Reply #4 |
11. Put their money in insurance companies |
MrModerate
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Thu Jul-16-09 12:48 AM
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9. If you're an actor earning 20 mill per picture a few more points one way or the other . . . |
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Shouldn't matter (it's only a few months work, after all). If you're an athlete wrecking your body for a brief period of productivity (American football, f'rinstance), you may be more reluctant. If you're a musician, the duration of your high earning period might be completely unpredictable (cf Thunderclap Newman, Zager & Evans) and since you're likely to have been completely cornholed by everyone with whom you have business dealings you might, again, be gunshy.
Also, none of these professions benefit in a one-to-one relationship from the health of the American economy.
My guess is, taxes is taxes, and every high-earner ends up going to professionals with the objective of paying the smallest amount that will keep them out of jail (Crocodile Dundee and Wesley Snipes notwithstanding).
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imdjh
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Thu Jul-16-09 01:21 AM
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10. If I could have one $20M paycheck, I would gladly pay 45% tax on it. |
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I would bitch to save face, but if I walked home with about ten million, I'd suffer through it.
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mitchum
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Thu Jul-16-09 01:42 AM
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12. Maybe those athletes and entertainers will just withhold the essential services they provide? |
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Society will come to a grinding halt.
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DU
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Thu May 09th 2024, 03:39 PM
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