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!
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A blog containing opinion and analysis in a wide array of areas including the economy, health care, broadband and international relations.
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- Florham Park, NJ, United States
- Terry has spent most of his career in industry, half in corporate executive positions, and half involved in his start ups. He started on the Faculty and Staff at MIT in 1967 and was there until 1975, and he had returned to MIT from 2005 to 2012 to assist groups of doctoral and post doc students. Terry has focused on a broad set of industries from cable, to satellite, wireless, and even health care software and medical imaging. Terry has published extensively in a broad set of areas as well as having written several books. Terry has returned to Medicine on Boards at Columbia University Medical Center. Copyright 2008-2024 Terrence P McGarty all rights reserved. NOTE: This blog contains personal opinions of the author and is not meant in any manner to provide professional advice, medical advice, legal advice, financial advice. Reliance on any of the opinions contained herein is done at the risk of the user. For publications see: https://www.researchgate.net/profile/Terrence_Mcgarty
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