Friday, November 20, 2009

How much tax is enough to pay for health care

Do you know the Senate health care bill is proposing to raise your taxes? They want to increase the rate of medicare tax on your payroll. While cost estimates are not out on the Senate bill yet, you can bet it will be far more expensive then the costs to the American people today. The government just keeps spending money it does not have and can not possibly get. Estimates of the House bill are at about a TRILLION dollars. How in the world will the government get that money? Do you realize if the government took 100% of all the profits of the 100 largest companies from the Fortune 500, excluding those that lost money and took bailout funds, that would only cover half. The top 100 companies had $450 billion in profits last year. That means you the individual have to pay.

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