medicare tax- aren't we overtaxed as it is?

  1. [font=Fixedsys]I hate to sound so disgruntled. But it seems the paychecks just keep getting smaller. Social Security, Federal, State- o.k. But medicare tax- isn't medicare part of federal taxation? All this talk about the baby boomers soon flooding the long-term facilities has many questioning where all the money will come from to care for them. Will there be any medicare left for the next generation? What's next, medicaid tax? It's getting harder and harder to actually save for retirement...:angryfire
  2. 69 Comments

  3. by   fergus51
    I personally think that we just need to rearrange where our taxes are spent, not increase the taxes we pay.
  4. by   mattsmom81
    The taxation in this country is, IMO, is out of control.....I agree. I too would love to have more of MY income to invest for MY retirement; instead of giving it to socialist programs such as Medicare and SS.

    This thought is shared by the Republican party and is a platform item...Republicans are for tax reform and reduction. Republicans would like to explore privitization of SS (some areas like Galveston Island in Tx opted for this and all their citizens will retire millionaires)

    With all the pro Democrat propaganda on this BB, I just thought I'd add this, some food for thought in an election year. They're not called 'tax and spend' Liberals for nothing, and the Johns are both in this group. They believe in more government, and more government control of our $$, including a National Healthcare Plan I believe which will further inflate our taxes.

    Those who are truly concerned about Americans' high taxes would do well to consider these issues, IMO, and consider how our grandchildren may well be paying 50% or more of their income to taxes if we don't watch who we put in office; from local congressmen on up.

    Off my soapbox now.
  5. by   purplemania
    the people on Galveston Island are millionaires, but not because of tax savings. But I agree, it seems to be getting out of hand. No, I do not believe the system will be there for my retirement, which is why I am saving & investing on my own.
  6. by   teeituptom
    How can you say taxes are out of control

    Ask canadians about taxes

    ask most europeans about Taxes

    we have it far better off
  7. by   fergus51
    Teeituptom, Canadians pay more in taxes, but we don't have to pay for health insurance. In my experience it evens out almost exactly. My take home pay doesn't really change as a percentage of income in either country.

    Mattsmom, the Republican party TALKS about limiting government. While George Bush has cut taxes, he has also INCREASED spending and the size of our government a whole lot. Tax and spend liberals? Maybe, but I doubt congress would ever let it happen. Republicans have taken the position of spending without worrying about where the money will come from. Your kids will get to pay for it. Not any more responsible imho.
  8. by   elkpark
    I prefer "tax and spend liberals" to "borrow and spend Republicans" ...
  9. by   maureeno
    I agree
    payroll taxes are burdensome

    but worse for me is this:
  10. by   elkpark
    I agree
    payroll taxes are burdensome

    but worse for me is this:
    I agree, maureeno (as usual ) -- I'd much rather pay for people's healthcare than pay for war.
  11. by   Repat
    Absolutely, maureeno. And, my family and I pay about 20% more in taxes here in the good ole USofA than we did in "socialist" UK, and we get a whole lot less for it. Education is terrible, no services such as street lights or garbage collection, the firefighters have to go hat in hand when they need a new piece of equipment, the roads are falling apart, for just a few examples, never mind the mind boggling insurance rates (health, property, and auto)! It is time to do some serious calculations to see where our money is going to.
  12. by   Mkue
    Quote from elkpark
    I agree, maureeno (as usual ) -- I'd much rather pay for people's healthcare than pay for war.
    I would much rather see small businesses able to offer health care insurance(affordable) to their employees.. small businesses are the Heart of our Country. So people can WORK and pay for their own health insurance so I dont' have to pay for it.
  13. by   teeituptom
    Quote from maureeno
    I agree
    payroll taxes are burdensome

    but worse for me is this:

    Taxes are a privilege to pay

    and should be proud of doing so

    ps I liked that site
    Last edit by teeituptom on Jul 14, '04
  14. by   mscsrjhm
    Watching 90 year old patients getting biweekly dialysis on our tax money. Working agency, many LTC settings, many elderly dialysis patients, who have no real quality of life, are receiving life extending care, when many hardworking parents cannot afford any health care for their children.
    The children must come first. Our system is screwed up. BAD.