MemberSince99 wrote:Me I make a 5 figure income, which puts me in the highest tax bracket at 33%. I have no write offs so they keep most of what they take.
If you make something with 5 figures you are not in the 33% tax bracket. If you are paying 33%, you should be talking to your accountant. You are probably in the 25% marginal bracket and pay an average tax rate of about 20%. That is one of the lowest income tax rates in the developed world. It is also almost the lowest tax rate in the USA in nearly a century. And 33% is not the highest!
As far as writeoffs, you get at least the standard deduction. You are also free to contribute to charity or take out a mortgage, which are among the few remaining "writeoffs" that anyone gets.
But getting back on topic (sort of), I am neither for or against the Affordable Care Act, aka Obamacare. It has its pros and cons. But I stand by my comment that everyone should carry health insurance even though it is expensive. The reason everyone should carry it is to prevent the kind of financial distress a medical situation can cause. We ALL pay for the irresponsibility of those who either are too cheap to pay for insurance or who think they are too good to ever get sick or injured. It really ticks me off when I wee these people whining about the cost of health insurance while the tap away at their expensive iphone, drive anything but the cheapest car, and eat out every day. Pay your insurance first. Skip the phone, car, and brown bag your lunch if you have no money left.