Thursday, July 23

Three Ways to Pay For Health Care Without Hurting the Hurting

Amy Logsdon provided this link to this Citizens for Tax Justice proposals to pay for health care without hurting the bottom 60% of taxpayers in Iowa. If you are in the top 1% of income earners, you won't like this but at least you can afford it. CTJ proposes:

If Congress enacts the surcharge included in H.R. 3200, the richest one percent of taxpayers in Iowa would have an average tax increase of $12,637 in 2011 while middle-income taxpayers would have no tax increase at all.

If Congress instead enacts the Medicare tax expansion described here, the richest one
percent of taxpayers in Iowa would have an average tax increase of $11,454 in 2011.
The middle fifth of taxpayers would have an average tax increase of just $56.

Finally, Congress could enact the President's proposal to limit itemized deductions for the wealthy. The richest one percent of Iowa taxpayers would have an average tax
increase of $5,796 in 2011 while middle income taxpayers would have no tax increase at all.


The CTJ folks say that these proposals could raise between $260 to $543 Billion dollars over the next 10 years. how many Iowans would be affected? 2100, the majority making over $200,000.

2 comments:

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victor said...

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