If you're getting back money there are multiple concerns. First you are horrible at tax planning. It's better to owe a little bit.
Second and more importantly, if you're getting back everything you pay you're likely working some crap parttime job and have no idea what paying taxes really mean.

And sorry to get on topic but I fail to have seen anyone note on the how this is a good idea at this economic timing and how some people fail to acknowledge how Obama has been a fan of the single payer system.

False. You don't know much about taxes as you claim to think you do but do whatever you want.

Some people like to let them take more off the top so that they get back a refund and there are people like you that rather have more in their paycheck but have to owe the IRS come tax time. There also are things such as tax credits and itemized deductions. I think you need to read up on both.

this is probably the most sensible thing i've read in this entire thread :clap:

i also find it rather funny how it's obvious who the canadians in this thread are.



what i don't get is why no one busted out a little math here... they're talking about $1 trillion over 10 years for a country of 300 million.

that's $333 more in taxes per year per person over the next decade, or about $28 a month. which is less than a store bought cup of coffee per day...

Lmao. Seeing as how I intern as a tax consultant at a Big 4 firm I'd guess I know a bit more than you. And if you are getting money back you are essentially giving the government an interest free loan, while if you owe slightly you are the one receiving said loan. There's absolutely no reason to want them take out more than you should properly owe. I'll tell you what, you research up some time value of money tables and I'll look up those ooo so strange tax credits and itemized deductions (which by the way have no footing in this discussion).

As to dave, the take the total and divide by population calculation doesn't work at all.

Geez, is it that obvious?

http://upload.wikimedia.org/wikipedi...e_Leaf.svg.png

Your math sounds nice to me.

That sucks. Healthcare in Australia is really good IMO. I have very low level cover health insurance (because I'm only 21 and poor) and at the beginning of this year I got my tonsils out and it didn't cost me a cent. Very short waiting list also. Then after the surgery there was a complication and I had to go back to hospital for 2 weeks and that didn't cost me a cent either. All I had to pay was $10.40 for some medication to go home with. Lots of doctors here bulk bill and they are just as good as any other private doctor.

You have health insurance? Lucky. I had to get several letters written to the public dental school to take my wisdom teeth out without a year long waiting list because it cost $600 to get them out rather than $2000+ private. You've really got to have money to look after yourself in this country.

That's sucks :( I got insurance because I wear contact lenses and have to buy new ones every 6 months or so, and also because I knew I'd be having my tonsils out eventually. It only costs me $80 a month... which is cheaper than gym membership. And it's paid off with the amount of medical shit I've had done in the past year! Would have costed me thousands if I didn't have insurance.

Not having socialised healthcare just seems to be a very callous system for such a rich country. I agree with Hesher that it's basically just an extension of all the other benefits people pay taxes for.

Although, the timing of implementation is a bit worrying considering how far America is already in debt.