"Free Healthcare"
Let’s look at ‘free health care’ in action:
Me and my buddy Joe Canadian have purchased the same things over a few month period. The base price was the same (which we all know is not true, as the base price for many things in Canada is much higher than the U.S. But for argument’s sake, let’s say the base price is the exact same).
Here’s what we bought (before taxes):
Car...$35,000.00
Clothes...$150.00
Groceries...$210.00
Hockey Equipment...$575.00
Central AC for house...$2,000.00
With Canada’s 15% tax rate, and the U.S.’s 6% rate, let’s look at final costs:
TOTAL COST
Car: (U.S.) $37,100 (Canada)$40,250
Clothes: (U.S.) $159 (Canada) $172.50
Groceries: (U.S.) $222.60 (Canada) $241.50
Hockey Equipment: (U.S.) $609.50 (Canada) $661.25
AC: (U.S.) $2,120 (Canada) $2,300
Joe Canadian paid $3,414.15 MORE for those products than Speedy American.
Now let’s figure in income tax rates.
Let’s say both Joe Canadian and I make $65,000/year. The above products were bought in the second quarter of 2007. Joe Canadian and I both made $16,250.00 in this quarter. At a tax rate of 15%, I paid $2,437.50 in taxes (pro-ration comes out the same regardless of quarter or year). At a tax rate of 22%, Joe Canadian paid $3575.00 in taxes. Joe Canadian paid $1,137.50 MORE in taxes than Speedy American.
Now for one quarter we have Joe Canadian paying a grand total of $4,551.65 more than Speedy American.
Now, let’s look at that over a year’s time: Joe Canadian will pay $18,260.00 MORE than Speedy American in taxes in 2007.
Speedy American pays $895.44 per year for what most everyone will agree is the best healthcare on earth (that’s why leaders from all over come to the U.S. for top-notch services and care). It is THE most comprehensive health package Americans can buy. There are cheaper ones.
Joe Canadian pays $17,364.50 MORE for his “free healthcare” than I do.
What was that P.T. Barnum once said about a ‘sucker being born every minute’? [img]/ubbthreads/images/%%GRAEMLIN_URL%%/wink.gif[/img]
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