Buy to Let Building Insurance

Here’s how it works. For every $1.00 the employer pays you, they have to pay the government about 24 cents: FICA, Medicare, FUTA, SUTA, Worker’s comp. That’s 24 cents the employer is paying for your labor that you don’t see. The government gets it.

Now, for every dollar you receive, the employer withholds by law about 24 cents to cover your income tax and your portion of FICA and Medicare. Thus, for every $1.24 worth of labor you provide, you net only about 76 cents. The government takes 48 cents. You end up receiving only 61% of the value of your labor income. The government gets 39%!

And that’s today. Imagine what it’s going to become if Hillary or Obama get elected and pass their socialized healthcare! Hillary said she will *force* every one to buy it. So, even if you are young and healthy, you won’t be able to avoid paying her fee for insurance. You’re going to see your 61 cents take on your $1.24 worth of labor drop down to, I’d bet, under 50 cents.
There will have to be an enormous new bureaucracy to handle this as well. Health care dollars are going to have to pay for all these people in the new bureaucracy, probably Mexicans who can’t even speak English. The hit on your paycheck will be huge.

Slavery is forced working for someone for no pay. As your take home dwindles as a percent of the labor you produce, at what figure do you start to feel you’ve become a slave to the government? 40% take home? 30%? At the rate the Dems are going, we’ll see 25% within 30 years of their running Washington.
To Jen H: That doesn’t effect the government’s take at all. You still are only getting 61% for your labor efforts. Payroll taxes and Income tax are not avoidable.
Romare: You should read Hillary’s first plan in 1993 that almost became law. You could not choose your own doctor. You would be asigned to a “gate-keeper” primary care doc by your local medical kommisar beauracrat. This doc would then choose any specialist. And if you needed speedier treatment and went to a doctor “after-hours” and paid him directly, there were huge fines and jail sentences. Her totalitarian-styled plan is what caused this country to turn both houses over to the Republicans in 1994.

What makes you think that after being elected she won’t install the more extreme version from 1993, instead of her campaign-speak version?
Re: ioerr. He doesn’t get it. Even if the minimum wage is raised, the government will still take 39% of the employee’s production and the employee will only see 61%.