Friday, September 29, 2017

Trump Care?

Just a note on Taxes and Healthcare. So you thought Obamacare was bad. Try Trumpcare. Not the failed plans but the tax proposals. You see they want to eliminate deductions for medical expenses. So not only do you pay Medicare, on everything, that 3% of every transaction, selling your house etc, but no God forbid you get slammed with medical bills, you must pay the new taxes on top of that! Yep, you sick folks will really get soaked this time. If they can't fix it then tax it! Good luck in 2018!

Just an observation. The poor old folks paying high real estate taxes and state income taxes, and medical expenses will pay through the roof, but the advantage is their heirs will not have to pay tax on whatever is left! So I guess the solution is to die broke! That is one way to eliminate the estate tax. Middle Class tax cut? What moron thought this one up. Karl Marx!