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kpete

(71,986 posts)
Thu Jun 28, 2012, 02:32 PM Jun 2012

OK - Here is The Answer To The GOP's "It's A TAX, It's A TAX, bla bla bla":

Why The Individual Mandate Is Not A ‘Massive Tax Hike’ On The Middle Class


The mandate can indeed be characterized as a tax, as the Court found. But it is not a massive tax hike on the middle class, much less the biggest tax hike in American history. The tax imposed by the individual mandate amounts to either $695 or 2.5 percent of household income for those who don’t have insurance and are not exempt based on income levels. By comparison, the payroll tax cut extension Republicans repeatedly blocked earlier this year would have added 3.1 percentage points to the tax and cost the average family $1,500 a year.

The mandate, meanwhile, would hit a small amount of Americans — somewhere between 2 and 5 percent — according to a study from the Urban Institute. The number could be even lower depending on the law’s success: in Massachusetts, the only state with an insurance mandate, less than 1 percent of the state’s residents paid the penalty in 2009.

The majority of the Affordable Care Act’s other taxes, such as a payroll tax increase and a tax on high-cost health plans, are aimed at upper-income Americans. In exchange, millions of jobs will be created as new people enter the health care system and millions of people will gain access to affordable, quality insurance that they otherwise would not have. And, as we detailed earlier today, the Court’s decision to uphold the entirety of the law will have significant benefits for the nation’s economy.

MUCH MORE:
http://thinkprogress.org/economy/2012/06/28/508062/fact-check-mandate-tax-hike/

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OK - Here is The Answer To The GOP's "It's A TAX, It's A TAX, bla bla bla": (Original Post) kpete Jun 2012 OP
Everybody sing....to the tune of the William Tell Overture meow2u3 Jun 2012 #1

meow2u3

(24,761 posts)
1. Everybody sing....to the tune of the William Tell Overture
Thu Jun 28, 2012, 02:35 PM
Jun 2012

♪ ♪ ♪
It's a tax, it's a tax, it's a tax tax tax
it's a tax, it's a tax, it's a tax tax tax
that is why, that is why, that is why why why
the repukes are gonna whine and cry....
♪ ♪ ♪

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