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California Considers Doubling Its Taxes

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Re: California Considers Doubling Its Taxes

#51

Post by devmunchies »

no_wizard wrote: post #4

> to fund a first-in-the-nation single-payer health-care system. This is key here. So instead of paying this out to a private insurance company I pay it in taxes, there by my actual change is net zero, in most cases. I have a feeling most reactions might be headline driven here. I think it’s worth doing the math on how much it costs you in healthcare coverage before really judging a book by its cover here. If my comp…

I hope Kaiser Permanente lobbies this or we can opt out. I've lived in many states and my exp with Kaiser in California is among the best. I don't see the state (especially bloated California) doing better.

(I pay out of pocket via a side business, not from my current employer.)

Re: California Considers Doubling Its Taxes

#53

Post by thatfrenchguy »

after_care wrote: post #13
no_wizard wrote: post #4

> to fund a first-in-the-nation single-payer health-care system. This is key here. So instead of paying this out to a private insurance company I pay it in taxes, there by my actual change is net zero, in most cases. I have a feeling most reactions might be headline driven here. I think it’s worth doing the math on how much it costs you in healthcare coverage before really judging a book by its cover here. If my comp…

It’s very hard to do the math here. It’s largely invisible to me how much my employer is paying in health insurance premiums and it’s unknown that they will add that sum to my salary.

Your employer is required to tell you the value of the benefit, you can notably find it in the imputed income sheet for unmarried folks.

Re: California Considers Doubling Its Taxes

#54

Post by anoonmoose »

alexjray wrote: post #2

This is insane. People are already leaving the states in droves. If this passes they are literally shooting themselves in the foot.

I would gladly move to a state with a single-payer healthcare system and I have never considered leaving my state before in my life so it might not be quite as one-sided as you think

Re: California Considers Doubling Its Taxes

#55

Post by onphonenow »

after_care wrote: post #13
no_wizard wrote: post #4

> to fund a first-in-the-nation single-payer health-care system. This is key here. So instead of paying this out to a private insurance company I pay it in taxes, there by my actual change is net zero, in most cases. I have a feeling most reactions might be headline driven here. I think it’s worth doing the math on how much it costs you in healthcare coverage before really judging a book by its cover here. If my comp…

It’s very hard to do the math here. It’s largely invisible to me how much my employer is paying in health insurance premiums and it’s unknown that they will add that sum to my salary.

I've got access to employer numbers.

Grandfathered plans are an absolutely screaming deal. You can do an HSA plan with a $2000 deductible and low OOP max, fully fund the HSA ($7,200) and come out way ahead at modest cost. This let's you do things like vision / dental / chiro / accu / whatever day to day stuff on the HSA, then keep costs controlled (after 2K) for a major issue. If you don't end up using the HSA you can basically use it in retirement.

The obamacare bronze HSA plans (which actually cost a bit more) have a $4,800 ind deductible and something like a $13K (!!) out of pocket max and something like a $9K+ family deductible limit. And they cost more. This is totally unworkable absent the subsidies.

I like obamacare, but something happened as part of obamacare that has CLEARLY driven up costs. Is it the lack of limits (ie, $10M in coverage during last weeks of life?) Is it some sort of other mandate?

One area where govt care is better priced is for the elderly. The grandfathered / free market type plans get expensive at 60 years +. The obamacare plans are more of deal here (relatively). At the 20 year old range obamacare is horrible for the coverage if you actually have to pay for them.

Re: California Considers Doubling Its Taxes

#56

Post by [deleted] »

after_care wrote: post #13
no_wizard wrote: post #4

> to fund a first-in-the-nation single-payer health-care system. This is key here. So instead of paying this out to a private insurance company I pay it in taxes, there by my actual change is net zero, in most cases. I have a feeling most reactions might be headline driven here. I think it’s worth doing the math on how much it costs you in healthcare coverage before really judging a book by its cover here. If my comp…

It’s very hard to do the math here. It’s largely invisible to me how much my employer is paying in health insurance premiums and it’s unknown that they will add that sum to my salary.

[deleted]

Re: California Considers Doubling Its Taxes

#57

Post by artificialLimbs »

no_wizard wrote: post #4

> to fund a first-in-the-nation single-payer health-care system. This is key here. So instead of paying this out to a private insurance company I pay it in taxes, there by my actual change is net zero, in most cases. I have a feeling most reactions might be headline driven here. I think it’s worth doing the math on how much it costs you in healthcare coverage before really judging a book by its cover here. If my comp…

Monetary cost isn't the only thing to worry about. Can you imagine the DMV/social security office version of healthcare? God what a clusterfuck.

*edit: spelling

Re: California Considers Doubling Its Taxes

#59

Post by john_moscow »

qaq wrote: post #7
uejfiweun wrote: post #3

If this happens, I will most certainly leave the state. I mean this is ridiculous. These people have consistently shown that their ability to spend our tax dollars is literal dog shit. People and companies are leaving the state in droves. And their response is to literally double taxes?

Looking at housing availability hard to believe there is an actual net outflow from CA

There's an outflow of people willing to produce value, and an inflow of people ready to consume it. It will work just great until suddenly there's not that many value left to feed all the hungry mouths. And then the mouths will take pitchforks and go raid the nearby granary because that's where they think the food is. Only to find it empty because the people willing to actually produce food left long time ago.

USSR has learned this lesson 100 years ago and paid dearly for it. I wish people could learn from the past mistakes rather than repeating them on their own...

Re: California Considers Doubling Its Taxes

#60

Post by gjsman-1000 »

California has a golden goose in the wealthy megacorporations and billionaires who live there.

Every tax that California adds risks killing that golden goose. Tesla has already left as highly publicized, but others are too. Apple is building a billion-dollar campus in Austin, Texas. Oracle has moved its headquarters to Texas.

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