From: owner-joni-digest@smoe.org (JMDL Digest) To: joni-digest@smoe.org Subject: JMDL Digest V2012 #1255 Reply-To: joni@smoe.org Sender: owner-joni-digest@smoe.org Errors-To: owner-joni-digest@smoe.org Precedence: bulk Unsubscribe:mailto:joni-digest-request@smoe.org?body=unsubscribe Website:http://jonimitchell.com JMDL Digest Thursday, August 30 2012 Volume 2012 : Number 1255 ========== TOPICS and authors in this Digest: -------- RE: JMDL Digest V2012 #1253 [Art Toegemann ] ---------------------------------------------------------------------- Date: Fri, 31 Aug 2012 02:34:22 +0000 From: Art Toegemann Subject: RE: JMDL Digest V2012 #1253 Instead of skipping from here on, Bob the actual actuary should not post such content, below, here. Art Toegemann > Date: Thu, 30 Aug 2012 21:48:32 -0400 > From: owner-joni-digest@smoe.org > To: joni-digest@smoe.org > Subject: JMDL Digest V2012 #1253 > > > JMDL Digest Thursday, August 30 2012 Volume 2012 : Number 1253 > > > > ========== > > TOPICS and authors in this Digest: > -------- > Tax burden, was "For" songs, njc now ["Jim L'Hommedieu" > ---------------------------------------------------------------------- > > Date: Thu, 30 Aug 2012 21:48:10 -0400 > From: "Jim L'Hommedieu" > Subject: Tax burden, was "For" songs, njc now > > Thanks for this tutorial. I read it carefully and learned some > interesting stuff. I like the NJC stuff as much as the JC. > > Jim L'Hommedieu > > From: "Robert Sartorius" > > Bobsart said in part, > Now for some (additional) non-joni content (if you don't want any, skip from > here on). > > PS - in addition, the top 50% (who pay all of the federal income taxes), by > virtue thereof also pay for roughly 75% of Medicare Part B. (For those of > you who do not know it, Part B is financed roughly 25% via premiums, and 75% > via general revenues - which means FIT plus borrowing - which, by the way, > will be paid off by the children of the rich). In addition, the higher > earners among the top 50%, when they retire, will get to pay higher Part B > premiums (ranging from 35% to 80% of the cost of the Part B program) as a > thank you for having over-contributed toward the Part B program over many > years, so that the people who have contributed nothing over the years to > Part B (because they paid no FIT) can get their part B benefits with > premiums that cover only 25% of the cost of the Part B insurance. I don't > really mind the taxes and the extra premiums - I just mind the attitude that > says "FU - you don't pay enough (er - "your fair share")". > > PPS - means testing for Part A is part of the new Republican financing > solution for saving Medicare Part A (and yes, I oppose it), so don't all you > fiscal liberals and Democrats go all rogue on me over this issue (I happen > to be an independent). Besides, I'm an actuary, and actually understand this > stuff. There are fairer ways to fix this (all of which will cost extra > money, and will require limiting plaintiffs' bar, while we're at it), but > not enough space to go into it here. > > PPPS - it is a sophistry to suggest that certain low income earners are > paying for rich retirees' Medicare Part A with their payroll taxes. What the > low earners are doing is making a token contribution to a system that they > will benefit from by multiples of what they have put into it when they turn > 65, at which time the large majority (80+%) of their Medicare benefits will > be paid for by rich people. If you prefer, think of 100% of the Medicare > benefits for the rich retirees as being paid for by the rich workers, which > still leaves plenty of the rich workers' taxes left over to pay for poor > retirees. This, while the puny taxes paid by low wage earners make a > relatively small dent in the benefits being paid to low income retirees. > - ------------------------------ > > ------------------------------ > > End of JMDL Digest V2012 #1253 > ****************************** > > ------- > To post messages to the list, sendtojoni@smoe.org. > Unsubscribe by clicking here: > mailto:joni-digest-request@smoe.org?body=unsubscribe > ------- ------------------------------ End of JMDL Digest V2012 #1255 ****************************** ------- To post messages to the list, sendtojoni@smoe.org. Unsubscribe by clicking here: mailto:joni-digest-request@smoe.org?body=unsubscribe -------