Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

How much will our taxes go up to cover the government's cost ie. you and I?

Clinton's plan would require businesses to provide insurance for employees, and the wealthy would pay higher taxes to help defray costs for those less able to pay for it. She put the government's cost at $110 billion a year.

4 Answers

Relevance
  • Anonymous
    1 decade ago
    Favorite Answer

    $110 billion is a joke. It would be more like a trillion. If small businesses are required to provide insurance for employees, all the small businesses I know will go out of business. Remember what Hillary considers wealthy is a two income household making about $80,000. That is hardly wealthy. Our taxes will go up also. Remember Hillary Care will be brought to you by the same people that brought you the passport mess. Do you want them handling your emergency healthcare?

  • 1 decade ago

    Yeah, and government cost estimates are generally correct, right?

    I'd expect the real bill to be five or six times what she says. They gave us the same BS about Medicare.

    Not only will taxes go up, but expect insurance premiums to go up as well.

    It's hard to say how much your taxes will go up because it really depends on how much you make. Don't believe what they are telling you when they say only the rich will pay for it. There are only 450,000 people who earn over $250k a year. That would be an average tax of $243,000 a year for those people. I'd expect the middle class to pay a large portion of it.

  • r1b1c*
    Lv 7
    1 decade ago

    easily paid for by rolling back the taxes breaks the richest 1% got under Bush.

  • Anonymous
    1 decade ago

    We seem to have no trouble coming up with 2 to 3 times more than that to kill Iraqis but can't come up with it to help our own people and that's a shame.

Still have questions? Get your answers by asking now.