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Reply to "Elderly parent is on Medicaid in nursing home, will they lose financing? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Stay tuned. Overspending by the GOP will trigger automatic cuts in Medicare. [/quote] Government has been overspending for over a century. Government will continue to overspend until it all crashes. Fiat currency be like it be. [/quote] Government hasn’t been overspending. It has been under taxing the rich. [/quote] The top 1% of earners paid 46% of federal income taxes in 2021, despite earning 15% of total income, according to the National Taxpayers Union. The top 10% paid 75%, while the bottom 50% paid 2%. The Joint Committee on Taxation confirms millionaires pay an average effective tax rate 3.5 times higher than most Americans. [/quote]
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