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Author: ravvt Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19257  
Subject: Re: Vermont IS a nice place to retire! Date: 1/17/2012 3:06 PM
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I must agree with RetiredVermonter that our state is indeed a very beautiful, healthy, low crime and in many other ways, a fine place to live.

But … RV has avoided spelling out some of the downsides to the People’s Republic of Vermont such as:

- an annoying income tax that taxes every nickel that you earn … pensions, SS, capital gains, lemonade stand receipts … they tax it all.

- State wide sales tax is 6% excluding food and clothing but there is an additional 1% add on tax that shows up if you make purchases in most of the large retailers in the state due to an optional local 1% tax.

- The rebate on property taxes that RV refers to is calculated based on total household income … it is zero above 96K.

- Healthcare tax … the Democrat governor and the Democrat & Progressive (i.e. Socialist) dominated legislature are on a mission to install a single payer healthcare plan for the state. The original “estimate” for the tax needed to pay for this wonder of wonders is a 14.5% payroll tax.

The reason that this is an estimate is because the law passed by the Donkeys to set up this single payer system does not require the governor to define the cost of the plan or the tax needed to support it until … wait for it … Jan 2013!

Miraculously, the Democrats & Progressives claim massive cost reductions and other benefits for this single payer plan but they resist putting a price tag on it until AFTER the next election. Needless to say, if a 14.5% payroll tax were applied to the large corporations that are self insured (IBM, GE, GD etc), I would expect a rather abrupt exodus to escape this onerous tax… and then the Socialist Donkeys will twist in the wind to find enough tax money to pay for their wet dream system …
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