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On That GOP Health Care Bill, and Tax Breaks

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First, my initial thoughts, as rendered on Twitter.

Now, let me talk a little bit more about the part where I say “rich people don’t miss their taxes,” since I think there are people who may be reasonably skeptical about this. Warning: I’m going to talk about my money. Then I’m going to talk about other people’s money.

To begin: I pay taxes on a quarterly basis, because I’m self-employed and the IRS, alas not entirely unreasonably, questions whether self-employed people will keep track of their money for a full year in order to pay off one big tax bill. So every quarter, I pay taxes. And in each of those quarterly tax payments, I pay in taxes roughly what I grossed (and definitely more than I netted) in income from the entire four-and-half years of my first job out of college, working for a newspaper. Add up my yearly tax bill, and it’s close to what I grossed my first ten years of being a professional writer — and there was never a time in there I didn’t do okay; it was a solid continuous progression up the middle-class income ladder.

So these days, whenever I see how much I pay in taxes annually, my first thought is always something like HOLY CRAP that’s a lot of money. I could totally use that! As someone who grew up poor and has worked his way steadily up the income ladder, it’s a freakin’ huge amount in terms of the raw dollars.

And then I pay my taxes and I discover that anything I would have used that ridiculous wad of tax money for, I still have enough in my net income for. I literally cannot think of a thing I want — or need — that my post-tax income can’t handle. Because as it happens, even with federal, state and local taxes, my tax burden is reasonable. I don’t pay taxes in 1980, when the highest marginal federal income tax rate was 70%; I pay taxes in 2017, where top federal tax bracket maxes out at just under 40%. With state and local taxes, I have to break a sweat to have a total top marginal tax rate of 50% — and my real world taxes indebtedness doesn’t come anywhere near half my income, because of how marginal tax rates work and because like lots of people in my position I have a very smart accountant who finds me lots of deductions.

So even with literally the full (pre-deduction) tax burden someone in Ohio can pay — we max out all the marginal rates — there is more than enough left over for pretty much anything that we want to do, individually, as a couple or as a family. We save a lot, invest a bunch, and thus take that money out of the short-term income pool we use for bills, household spending and, uh, “consumer activity,” and we’re still just fine, thanks. I suppose it’s possible that we could spend so much of our post-tax income that we’re left with little or nothing and thus would wish we had some of the money that we paid in taxes back into our hands, but speaking from experience, this takes effort, and some willful stupidity about your money. Yes, I’m looking at you, Nick Cage and Johnny Depp. But if you’re not the sort of person who spends $30,000 a month on wine, you’re probably going to be fine.

We do just fine. The other people I know who have similar or better incomes than we have also do just fine. The ones I know with substantially better incomes than we have are also doing just fine. No one at my income level or better actively misses the money they spend on taxes, because they’re still rich after they pay taxes.

Would I like to pay less in taxes? When I look at the raw number of dollars I send to the IRS, sure. When I think about the actual impact on my day-to-day life having that money would make, versus the actual and positive impact on the day-to-day life of millions of other people, when people like me pay our taxes? Nope. I have certain (in more than one sense of that word) opinions about how those taxes I pay in should be used, and whether they are being used effectively, and whether I’m getting value for what I pay, to be sure. Those are different issues, however.

Cratering health care for millions in the United States (and crippling Medicaid in the bargain) in order to give people like me a tax cut means that we are taking something from people who need it, often desperately, to give something to people who don’t need it and may not even notice it in any substantial way. In the House version of this legislation, you have to make more than $200k to get any tax benefit from it; people with incomes between $200k and $500k a year would get a tax break of $510 on average. $510 is not a lot to get in return for asking millions of other Americans to be potentially priced out of health coverage, have lifetime insurance caps reinstituted, be denied for pre-existing conditions, get sicker and die earlier. And the roughly 95% of Americans who don’t make $200,000 a year won’t even get that.

Rich people don’t need any more tax cuts. They’re doing just fine. They will continue to do just fine. And no, their tax burden isn’t onerous. Trust me, I know. I live that tax burden daily. It doesn’t hurt. What does hurt is knowing that people I know and care for will likely die sooner and sicker than they should just so someone like me gets back a few more dollars they won’t notice. Don’t come at me with “but the rich earned those dollars.” Dude, I earned my dollars, too. I earned them in a country that helped me get where I am in part through taxes. I earned them understanding that getting rich came with an obligation to the society I live in and benefit from, an obligation discharged, in part, by paying a perfectly reasonable amount of taxes.

The motto of the United States is not, in fact, “Fuck you, I got mine.” It was, and should have remained, “E Pluribus Unum” — out of many, one. We’re all Americans. We all deserve the blessings this country can provide. This one is willing to pay his taxes for the benefit of the many.


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elwillow
1 day ago
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Ottawa, Ontario
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2 public comments
kemayo
1 day ago
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"The motto of the United States is not, in fact, “Fuck you, I got mine.”"
St Louis, MO
acdha
2 days ago
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Not for the first time, I wonder how much of this goes back to the country being run by a lot of old people who never internalized that the tax situation has changed dramatically since the 1970s, not to mention the costs of things like healthcare, housing, and education.
Washington, DC

Refresh Types

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The hardest refresh requires both a Mac keyboard and a Windows keyboard as a security measure, like how missile launch systems require two keys to be turned at once.
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elwillow
1 day ago
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Ottawa, Ontario
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tdarby
3 days ago
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lo
Baltimore, MD
Covarr
3 days ago
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Hard Reset - PC reset button - causes SEGA to fight SOPA.
Moses Lake, WA
alt_text_bot
3 days ago
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The hardest refresh requires both a Mac keyboard and a Windows keyboard as a security measure, like how missile launch systems require two keys to be turned at once.

Netflix Leaving Battle for Net Neutrality Shows Why We Need It

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elwillow
21 days ago
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Ep. 34 - Climate Change

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23 days ago
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Ottawa, Ontario
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LTE IMSI Catcher

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GSM IMSI catchers preyed on a cryptographic misstep in the GSM protocol. But we have LTE now, why worry? No one has an LTE IMSI catcher, right? Wrong. [Domi] is here with a software-defined base transceiver station that will catch your IMSI faster than you can say “stingray” (YouTube video, embedded below).

First of all, what is an IMSI? IMSI stands for International Mobile Subscriber Identity. If an IMEI (International Mobile Equipment Identity) is your license plate, your IMSI would be your driver’s license. The IMEI is specific to the phone. Your IMSI is used to identify you, allowing phone companies to verify your origin country and mobile network subscription.

Now, with terminology in tow, how does [Domi] steal your IMSI? Four words: Tracking Area Update Request. When a phone on an LTE network received a tracking area request, the LTE protocol mandates that the phone deletes all of its authentication information before it can reconnect to a base station. With authentication out of the way [Domi] spoofs a tower, waits for phones to connect, requests the phone’s IMSI and then rejects the phones authentication request, all under the nose of the phone’s user.

Now, before you don your tinfoil hat, allow us to suggest something more effective. Need more cell phone related hacks? We’ve got your back.


Filed under: Cellphone Hacks



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elwillow
26 days ago
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1Password – Introducing Travel Mode: Protect your data when crossing borders

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