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In reply to the discussion: What is the Democratic Party solution to economic inequality? [View all]ProSense
(116,464 posts)18. Health care
and redistribution. Krugman:
And lets be clear: the health reform fight has always been about more than health reform. Liberals have long viewed health reform as the opening wedge, a sort of proof of concept, in a campaign to strengthen the US safety net and reduce income inequality; that was basically what I was urging in Conscience of a Liberal, which gave its title to this blog.
http://www.democraticunderground.com/10023769054
Leonhardt:
A big chunk of the money to pay for the bill comes from lifting payroll taxes on households making more than $250,000. On average, the annual tax bill for households making more than $1 million a year will rise by $46,000 in 2013, according to the Tax Policy Center, a Washington research group. Another major piece of financing would cut Medicare subsidies for private insurers, ultimately affecting their executives and shareholders.
http://www.nytimes.com/2010/03/24/business/24leonhardt.html
http://www.nytimes.com/2010/03/24/business/24leonhardt.html
Net Investment Income Tax
A new Net Investment Income Tax goes into effect starting in 2013. The 3.8 percent Net Investment Income Tax applies to individuals, estates and trusts that have certain investment income above certain threshold amounts. The IRS and the Treasury Department have issued proposed regulations on the Net Investment Income Tax. Comments may be submitted electronically, by mail or hand delivered to the IRS. For additional information on the Net Investment Income Tax, see our questions and answers.
Additional Medicare Tax
A new Additional Medicare Tax goes into effect starting in 2013. The 0.9 percent Additional Medicare Tax applies to an individuals wages, Railroad Retirement Tax Act compensation, and self-employment income that exceeds a threshold amount based on the individuals filing status. The threshold amounts are $250,000 for married taxpayers who file jointly, $125,000 for married taxpayers who file separately, and $200,000 for all other taxpayers. An employer is responsible for withholding the Additional Medicare Tax from wages or compensation it pays to an employee in excess of $200,000 in a calendar year. The IRS and the Department of the Treasury have issued proposed regulations on the Additional Medicare Tax. Comments may be submitted electronically, by mail or hand delivered to the IRS. For additional information on the Additional Medicare Tax, see our questions and answers.
http://www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions
A new Net Investment Income Tax goes into effect starting in 2013. The 3.8 percent Net Investment Income Tax applies to individuals, estates and trusts that have certain investment income above certain threshold amounts. The IRS and the Treasury Department have issued proposed regulations on the Net Investment Income Tax. Comments may be submitted electronically, by mail or hand delivered to the IRS. For additional information on the Net Investment Income Tax, see our questions and answers.
Additional Medicare Tax
A new Additional Medicare Tax goes into effect starting in 2013. The 0.9 percent Additional Medicare Tax applies to an individuals wages, Railroad Retirement Tax Act compensation, and self-employment income that exceeds a threshold amount based on the individuals filing status. The threshold amounts are $250,000 for married taxpayers who file jointly, $125,000 for married taxpayers who file separately, and $200,000 for all other taxpayers. An employer is responsible for withholding the Additional Medicare Tax from wages or compensation it pays to an employee in excess of $200,000 in a calendar year. The IRS and the Department of the Treasury have issued proposed regulations on the Additional Medicare Tax. Comments may be submitted electronically, by mail or hand delivered to the IRS. For additional information on the Additional Medicare Tax, see our questions and answers.
http://www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions
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Ask CEOs to pay people more? Send everybody to college (more income, even if more loans to pay back)
Mass
Jan 2014
#4
A comfortable retirement instead of subsistence controlled by the government.
badtoworse
Jan 2014
#40
There are many things that can bring genuine happiness and a sense of fulfillment:
ronnie624
Jan 2014
#100
Your's is the most offensive, asinine thread I've seen on DU in a very long time.
badtoworse
Jan 2014
#99
you are right it should be 25. lots of people here make only the current federal minimum
arely staircase
Jan 2014
#103
ok maybe 25 is too high (I would likebto hear what a Keynesian economist like Krugman thinks it is)
arely staircase
Jan 2014
#159
Permanent tax cuts for the wealthy, austerity, cuts to SS, and more "free trade" nt
Demo_Chris
Jan 2014
#7
According to This...PBO thinks the "Earned Income Tax Credit" solved all the problems...
KoKo
Jan 2014
#10
Windfall profit surcharge (since the word "tax" is a no-no), higher income taxes over 5 million, and
kelliekat44
Jan 2014
#11
Being slightly less offensive than the GOP still makes them the "opposition."
1000words
Jan 2014
#15
It sure would. Studies show that such an increase not only helps low-wage workers but
pampango
Jan 2014
#44
Minimum wages hurt the poor because companies will move offshore and they won't have jobs? Better
uppityperson
Jan 2014
#27
What ever it is, it will never get a start as long as the crazies control the House.
demosincebirth
Jan 2014
#37
What FDR did in the 1930's and what Europe is doing today. Don't have to reinvent the wheel.
pampango
Jan 2014
#43
Greece & Spain, 26% unemployment & the rest of Europe ain't doing so well either.
El_Johns
Jan 2014
#98
Europe has its problems but still has among the world's best distributions of income.
pampango
Jan 2014
#101
We had a good chance of what you say, especially protection for unions and the card-check
demosincebirth
Jan 2014
#102
The Progressive Caucus' Budget would be a wonderful thing. Thanks for posting it, Scuba. n/t
pampango
Jan 2014
#51
I'm afraid there will be no solution until Republicans take control of the entire government...
kentuck
Jan 2014
#63
We have to figure out a way to address this issue as well as climate change.
raouldukelives
Jan 2014
#67
Tax the wealthiest & their corporations, increase minimum wage, end the costly trade agreements.
grahamhgreen
Jan 2014
#120
They shoukld talk to peopel like Bernie Sanders and get their minds right /nt
Armstead
Jan 2014
#124
nothing can be done for those outside of america....understand that first
beachbum bob
Jan 2014
#128
During the recession/depression is when the serious work on income inequality...
NCTraveler
Jan 2014
#133