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Nanjeanne

(6,541 posts)
76. Sanders Medicare For All Plan w/regards to individual's tax . . . he
Tue Feb 25, 2020, 03:17 PM
Feb 2020

indicated that a 4 percent income-based premium paid by employees, exempting the first $29,000 in income for a family of four.
So a family of 4 with an income of $60,000 would pay 4% over the first $29,000--so 4% on $31,000 - or $1,240.

The rest of the money comes from a variety of options - like
7.5 percent income-based premium paid by employers, exempting the first $1 million in payroll to protect small businesses.
Raising top marginal rate on income over $10 million to 52%
taxing capital gains same as wages

Etc.

But for you . . . Figure it out yourself by your annual salary minus $29,000 and times it by 4%.

If I were to vote in a presidential
primary today, I would vote for:
Undecided

Recommendations

0 members have recommended this reply (displayed in chronological order):

It lowers your car insurance krispos42 Feb 2020 #1
Has Bernie said that? democrattotheend Feb 2020 #5
With Medicare for All cannabis_flower Feb 2020 #20
Sounds like you either don't have health insurance or carry too much first party benefits bucolic_frolic Feb 2020 #6
I have health insurance through my job. krispos42 Feb 2020 #91
Bet it won't. Currently, Medicare does not pay if it's due to an auto accident, until auto insur- Hoyt Feb 2020 #17
wont we still have to buy a supplement AND our taxes go up so we can get the 'free' M4A? samnsara Feb 2020 #2
He makes it clear that dental, optical, hearing aids and home care Cal Carpenter Feb 2020 #11
All current Medicare recipients woulld lose their Medicare as it is legislated. Big Blue Marble Feb 2020 #27
I'm not sure what you mean by this Cal Carpenter Feb 2020 #41
Your link refers to the impact on current Medicaid, not Medicare. Big Blue Marble Feb 2020 #46
I gave you that link because it turns your claim on its head. Cal Carpenter Feb 2020 #49
The headline is: "How Will Medicare-for-all Proposals Affect Medicaid?" Big Blue Marble Feb 2020 #75
Medicare is an entitlement. Big Blue Marble Feb 2020 #77
That's what I've been asking for a long time. I see Sanders made a flourish of pulling out... George II Feb 2020 #3
Warren has done this, I don't know how many times! I'll bet it's on her website, too! CTyankee Feb 2020 #4
You have to 'ballpark' what your current ins. premiums/fees/drug costs, what your income tax bp is. ancianita Feb 2020 #7
Also out of pocket costs for dental, optical, hearing aids and home care Cal Carpenter Feb 2020 #15
Right. So the more specific one's list, the better comparison of their current costs with M4A costs. ancianita Feb 2020 #31
Not everyone will save money... TCJ70 Feb 2020 #8
The employer pays the 7.5% based on their payroll expenses, not the employee Cal Carpenter Feb 2020 #14
I didn't realize that. That's good to know and definitely makes my situation better than it was. TCJ70 Feb 2020 #26
What you do not say is that all the care delivered will similar Big Blue Marble Feb 2020 #40
hmmmmmmmm Dyedinthewoolliberal Feb 2020 #106
I absolutely think universal health care can be implemented. Big Blue Marble Feb 2020 #110
Just another glaring hole in Sanders' funding plan for M4A stopbush Feb 2020 #45
re: "expand current Medicare from covering 19% to 100%...you are increasing those covered five fold" thesquanderer Feb 2020 #52
Sorry, I was mistaken. FICA contributions do NOT fund Medicaid, only Medicare. stopbush Feb 2020 #55
It's not FICA, but all those other government paid for health plans are still paid for somehow. thesquanderer Feb 2020 #62
What, exactly, are "all those other government-paid health plans?" stopbush Feb 2020 #63
Everything between the 19% for Medicare and the 35% who are actually covered by the government. thesquanderer Feb 2020 #69
As I pointed out above - using your source - only 14% of Americans are on Medicare stopbush Feb 2020 #72
Why ASSUME anything, instead of actually getting the facts? thesquanderer Feb 2020 #78
Neither Sanders nor Warren has offered a comprehensive plan for paying for MFA. stopbush Feb 2020 #87
re: "I have looked at these summaries. Again, without specifics, they are meaningless." thesquanderer Feb 2020 #90
You're forgetting something important: luvtheGWN Feb 2020 #22
I didn't forget those things. The OP just wasn't about them. n/t TCJ70 Feb 2020 #36
Right squirecam Feb 2020 #48
It's in the Sanders plan. Cuthbert Allgood Feb 2020 #60
There is literally no way to enforce this...you aren't required to buy your company's plan now but cbdo2007 Feb 2020 #71
Where is that in Bernie's MFA proposal? I didn't see that. ehrnst Feb 2020 #111
All of these are speculation, but this is getting down to the meat of my question... cbdo2007 Feb 2020 #73
I disagree. luvtheGWN Feb 2020 #79
Why does the entire premise of this OP bug me? Laelth Feb 2020 #9
I'm always torn Midnightwalk Feb 2020 #12
That's fair enough. Laelth Feb 2020 #21
Only Americans aren't saying that they want M4A frazzled Feb 2020 #54
That's the central disagreement and danger Midnightwalk Feb 2020 #61
Yes HarlanPepper Feb 2020 #19
I take it that this response is ironic. Laelth Feb 2020 #30
This is not how it's being billed as by them. squirecam Feb 2020 #50
The sales technique for M4A leaves much to be desired. Laelth Feb 2020 #53
Unfortunately, most of the electorate doesn't care about anyone but themselves... cbdo2007 Feb 2020 #24
I simply can't believe that the majority of the electorate thinks that way. Laelth Feb 2020 #37
Especially on the health care issue...well and guns and abortion and... cbdo2007 Feb 2020 #58
+1 ancianita Feb 2020 #32
Agreed - it's a me, me, me OP womanofthehills Feb 2020 #57
Is everything about you? cannabis_flower Feb 2020 #10
actually yes, that's the point of a democracy lol. cbdo2007 Feb 2020 #38
That's a good idea for Bernie to put out 10 real-world examples. DanTex Feb 2020 #13
I really think it would change the narrative on the M4A issue, people in the real world... cbdo2007 Feb 2020 #34
Then a million more people show up and demand he give them personalized cost charts. ancianita Feb 2020 #35
Then he puts a calculator on his website so they can see a real world side by side. cbdo2007 Feb 2020 #39
Cool. In the meantime, here are 22 summaries of number crunchers who lay out cost savings. ancianita Feb 2020 #43
Here's what I do know. I had an HMO that covered less and had fewer choices I have now on Medicare Autumn Feb 2020 #16
Yes, I'd like to see something like that too, but... doxyluv13 Feb 2020 #18
The answer will be tricky Midnightwalk Feb 2020 #23
Yeah, that calculator just says I would save exactly how much I put in because there cbdo2007 Feb 2020 #29
I think it's simpler Midnightwalk Feb 2020 #56
lol "snarky attempt at a simple answer"...that's a pretty good summary cbdo2007 Feb 2020 #66
Yes! Screw all those poor people who die needlessly. MoonlitKnight Feb 2020 #25
I'll help. But you need to add up your monthly Nanjeanne Feb 2020 #28
Ugh !! You don't believe Sanders will create 20 million jobs ?!!? What ?! / sarc uponit7771 Feb 2020 #33
How does paying for schools save me money? My kids are out of school. Hermit-The-Prog Feb 2020 #42
This will give you an idea. ancianita Feb 2020 #44
Actually not at all. What are my current premiums vs the M4A tax going to be per month? cbdo2007 Feb 2020 #64
Exactly. Why do MFA advocates ignore this simple fact? stopbush Feb 2020 #74
No one CAN answer you until you actually state your premium costs per year. It's also unfair to ancianita Feb 2020 #80
+1, after Sanders creates 20 million jobs then you'll / sarc uponit7771 Feb 2020 #88
It's that working people like that part of their pay that goes for health insurance. brewens Feb 2020 #47
Ask any elderly person on Medicare berni_mccoy Feb 2020 #51
Ask them how much my premiums are now vs how much the tax for M4A will be? cbdo2007 Feb 2020 #59
Tax increases will be far less than the lowest premiums berni_mccoy Feb 2020 #65
This isn't common knowledge or it would be in commercials all over the place... cbdo2007 Feb 2020 #68
It is common knowledge, you just don't want to admit it berni_mccoy Feb 2020 #81
There are theoritical societal savings but these savings are NOT tax revenue Gothmog Feb 2020 #67
Thanks for this good response, I do read and admire Krugman a lot. cbdo2007 Feb 2020 #70
I have an accounting background and I like math Gothmog Feb 2020 #95
Current cost - 540 billion per year equals $60 trillion. MoonlitKnight Feb 2020 #99
CNN-Sanders' agenda: Its cost -- possibly $60 trillion -- would set a peacetime US record Gothmog Feb 2020 #100
Please re-read what you quoted MoonlitKnight Feb 2020 #84
sanders needs $60+ trillion to pay for all of his programs Gothmog Feb 2020 #94
Oh come on MoonlitKnight Feb 2020 #98
You do realize that the govenement has to either borrow or have tax revenues to pay for programs Gothmog Feb 2020 #103
Why has Vermont never adopted this magical plan if it is so great? Gothmog Feb 2020 #105
How soon we forget dpibel Feb 2020 #86
Warren's plan did not ad up but it was closed than sanders plan Gothmog Feb 2020 #96
Sanders Medicare For All Plan w/regards to individual's tax . . . he Nanjeanne Feb 2020 #76
Got it, thanks! cbdo2007 Feb 2020 #82
I don't know why. My guess is that will come when/if he's the nominee - but the info is out there. Nanjeanne Feb 2020 #83
Thx. So take my taxable income, add back in any pre-tax ins premiums... Beartracks Feb 2020 #108
I would have to check the info from his site again on single or family. 4% was family Nanjeanne Feb 2020 #109
I am 71 and on Medicare. I have to carry doc03 Feb 2020 #85
Which is why Medicare For All will help us seniors. We won't have to buy private insurance to cover Nanjeanne Feb 2020 #89
Oh Bernie's Medicare wil pay everything, at what cost? nt doc03 Feb 2020 #93
4% of your income after deducting the first $29,000. Nanjeanne Feb 2020 #97
A Good Start corbettkroehler Feb 2020 #92
It doesn't save me any money Loki Liesmith Feb 2020 #101
ACA cost me money zipplewrath Feb 2020 #102
Canada has a single payer system. guillaumeb Feb 2020 #104
Yes, that would be great. Everyone focuses on tax costs like they exist in a vacuum, or... Beartracks Feb 2020 #107
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