For the first time in three years, I’m getting a “cost of Living” adjustment, of 3%. Of course, for the fourth year in a row, my health insurance is going up, yet another 5%, through a “group plan” that IS in actuality a “private” company. Copays will likely also go up, and it’s getting more difficult to get my meds anyway. Yep, that minor “pass” of three percent on payroll deductions will surely do more damage than the 25% increase for the wealthiest, if they had to actually PAY 35% on income, let alone 37-39% MAXIMUM, on income over a quarter million a year. BUT, they still would be limited on what they pay into SS, and of course, that 15% maximum on capital gains can also be avoided.
We DO need some “tax reform”. We need to collect some from those who’ve got some money, not “punishingly so”, but come ON already!!
For the first time in three years, I’m getting a “cost of Living” adjustment, of 3%. Of course, for the fourth year in a row, my health insurance is going up, yet another 5%, through a “group plan” that IS in actuality a “private” company. Copays will likely also go up, and it’s getting more difficult to get my meds anyway. Yep, that minor “pass” of three percent on payroll deductions will surely do more damage than the 25% increase for the wealthiest, if they had to actually PAY 35% on income, let alone 37-39% MAXIMUM, on income over a quarter million a year. BUT, they still would be limited on what they pay into SS, and of course, that 15% maximum on capital gains can also be avoided.
We DO need some “tax reform”. We need to collect some from those who’ve got some money, not “punishingly so”, but come ON already!!