Isn't there a problem with public spending when many doctors are net tax consumers?

[Anarchist420]

In 2008, 31% of physicians' revenues were from medicare while 17% were from medicaid
(Link)

The Federal top marginal income tax rate is 35%.

The same goes for most military contractor CEOs... they probably have an Federal effective tax rate of less than 10% doing the math.

Doesn't that indicate that there is a public spending problem?

 

[silverpig]

In 2008, 31% of physicians' revenues were from medicare while 17% were from medicaid(Link.)

The Federal top marginal income tax rate is 35%.

The same goes for most military contractor CEOs... they probably have an Federal effective tax rate of less than 10% doing the math.

Doesn't that indicate that there is a public spending problem?

I don't think it works the way you think it works. Just because the government buys something, it doesn't mean that it's a tax break.

What would you say about everyone who works for the government, or is paid by them? What would their "effective tax rate" in your version of reality be? -infinitybillion%?

 

[Anarchist420]

What would you say about everyone who works for the government, or is paid by them? What would their "effective tax rate" in your version of reality be? -infinitybillion%?

less than -65%.

 

[Fern]

In 2008, 31% of physicians' revenues were from medicare while 17% were from medicaid(Link.)

The Federal top marginal income tax rate is 35%.

The same goes for most military contractor CEOs... they probably have an Federal effective tax rate of less than 10% doing the math.

Doesn't that indicate that there is a public spending problem?

Your link takes me to a google search, not the data/stats you are quoting.

Assuming the data is correct, I'm surprised that almost half of all physicians' revenue is from Medicaid/Medicare.

I don't think that says anything about public spending in general, but it does say quite a bit about HC.

Fern

 

[Hayabusa Rider]

less than -65%.

They are being paid to provide a service. They do so and are compensated. A "tax break" would be unrelated to any service. It would be free and not contingent upon services rendered.

 

[Hayabusa Rider]

I don't think that says anything about public spending in general, but it does say quite a bit about HC.

Fern

In what way?

 

[silverpig]

Your link takes me to a google search, not the data/stats you are quoting.

Assuming the data is correct, I'm surprised that almost half of all physicians' revenue is from Medicaid/Medicare.

I don't think that says anything about public spending in general, but it does say quite a bit about HC.

Fern

Yes. It says that old people use healthcare way more than younger healthier people. If anything, I'm surprised it's so low.

 

[Anarchist420]

Your link takes me to a google search, not the data/stats you are quoting. Assuming the data is correct, I'm surprised that almost half of all physicians' revenue is from Medicaid/Medicare. I don't think that says anything about public spending in general, but it does say quite a bit about HC.

I fixed it. I'd say it does if 48% of some Doctors' income comes from the tax payer.

They are being paid to provide a service. They do so and are compensated. A "tax break" would be unrelated to any service. It would be free and not contingent upon services rendered.

You are right that they're not getting a tax break, but they are net tax consumers.

 

[Zorkorist]

Since Insurance and Lawyers are also part of the health equation (along with Government), it is easy to see how money paid to the Federal Government, or Insurance Mandated by the Federal Government, or Lawyers that sue the Federal Government, goes towards paying Doctors.

It's not the Doctors being screwed, it's the patients.

-John