Profile cover photo
Profile photo
David Jordan
554 followers
554 followers
About
David's posts

Post has shared content

Post has shared content
A few words on Colorado Amendment 69, aka ColoradoCare

TL;DR: For the average "working-class family", it's very likely that the tax increases from amendment 69 do not outweigh the cost of private insurance.

There's a decent amount of talk about Colorado Amendment 69, which is generally called ColoradoCare. For anyone not currently aware, Amendment 69 would basically create a taxpayer-funded, single-payer healthcare system similar to those used in many other wealthy countries (though specific to Colorado). This would make Colorado the first state in the nation to implement such a system, though several other states have evaluated them as well.

This would require raising state income tax revenues by roughly $25 billion, which is a staggering amount of money. This translates to raising income taxes by 10% total, which is split into a 3.33% increase for taxpayers and 6.67% for employers. Some big names have come out in opposition of 69, including governor John Hickenlooper and former governor Bill Ritter. The opposition claims this would create a large tax burden on working class families. But is that actually true?

Let's take a look at me. My 2015 tax return states that I made $23,454 last year total, with $13,154 of taxable income. My taxes due to the state were $609, which translates to an effective tax rate of 4.63%. a 3.33% increase on that rate would equal a new total tax rate of 7.96% (which is within the top 10 states in the nation).

Had 69 been in effect last year, instead of $609 I would have paid $1047, for a difference of $438. On the surface, that sounds like a huge amount!

However, let's dig a little bit deeper into that number. Right now, I'm lucky enough to be covered by my stepfather's health insurance, which I get for a few more years due to the ObamaCare changes. However, let's assume I paid for my own insurance. Using Colorado's insurance marketplace I can see that I could expect to pay anywhere between $144 and $410 per month, depending on the plan coverage and deductibles.

I'm a young non-smoker, so this represents a fairly optimistic scenario. Annually, the insurance premium alone would cost $1728, nearly four times the increase in my tax payment. Additionally, this is calculated using the cheapest, bronze-level plan I could find, which ignores any out-of-pocket costs if I do become sick or injured, further increasing the costs. In fact, the difference doesn't end up being more than the total deductible until I start making over $60,000 per year! At $60,000 exactly, and assuming the same, standard deduction of $10,300, the difference in taxes paid is $1655, $73 less than the annual premium on that health insurance.

$60,000 is definitely moving out of "working-class" and into "Middle-class". In fact, that's almost exactly in line with the average household income for Colorado, and that doesn't consider just single young adults. It's even $6,343 above the nationwide median household income. Per capita income in Colorado (for 2012) is $45,135.

That's a pretty significant raise.

To be completely fair, this is a fairly narrow look at the issue and doesn't take into account things like the effect of the tax increase employers (especially small businesses) or on healthcare workers and institutions. It also ignores things like cheap union insurance and other associated costs. However, for the average "working-class family", it's very likely that the tax increases from amendment 69 do not outweigh the cost of private insurance.

Links to ColoradoCare: http://www.coloradocare.org/?nosplash=true

_Side Note: Please don't use this as a commentary on my income or my employer. If I had problems with it, I'd go get a new job.

Post has attachment
So there've been reports about how Warner Bros just filed a takedown notice against their own website.  Which is freaking dumb. 
But in the same notice, they filed a takedown against a review by known pirate and destroyer of cinema, Roger Ebert:
http://www.rogerebert.com/reviews/batman-begins-2005
Even the greats in film criticism aren't immune from bogus DMCA notices.

Post has attachment
Boldly going where...om nom nom...
Photo

Post has shared content
+System76's Fourth of July event is really cool this year!  We made really fun, awesome videos just for you featuring sparklers, Tux, and his Freedom Corvette.
#Ubuntu76 #Linux #Laptops #Badass #System76 #BornToFly  
What do you create with Ubuntu or Linux? Tell us on Twitter with the hashtag ‪#‎Ubuntu76‬. Your creation could get featured at s76.co/KyDJkr. Each #ubuntu76 tweet helps lower the prices of laptops and desktops. See your impact on the sale's prices on June 30. ‪#‎linux‬ #july4thsale #ineedanewcomputer +Jupiter Broadcasting
Photo

Post has shared content
Everyone's favorite Linux penguin is a badass...
In case you missed it before...

Post has shared content
Get ready to see Tux in action!
Mark your calendars! See Tux in action on June 27th. Something special is coming... https://www.youtube.com/watch?v=ZPwjVDDbxcM #linux #ubuntu76  

Post has attachment
 
Hey, ZHackers fans (and fellow aficionados of scifi and zombies!), I'm heading to Printers Row List Fest this weekend!  I'll have copies of all my books including ZHackers: Volumes 3.0 AND 3.1 for purchase.  This year I'm sharing a table with fellow writer's group member +James Roby.   He writes kickass James Bond-style spy novels about Detroit's own Urban Knight.

http://printersrowlitfest.org/

#PrintersRowLitFest   #ZHackers   #Zombies #ZombieApocalypse   #Hackers   #Literature   #Books #SciFi  
Photo

Hey, ZHackers fans (and fellow aficionados of scifi and zombies!), I'm heading to Printers Row List Fest this weekend!  I'll have copies of all my books including ZHackers: Volumes 3.0 AND 3.1 for purchase.  This year I'm sharing a table with fellow writer's group member +James Roby   He writes kickass James Bond-style spy novels about Detroit's own Urban Knight.

#PrintersRowLitFest #ZHackers #Zombies #ZombieApocalypse #Science #Hackers #Literature #Books #Scifi  

Post has attachment
Leo talks about his sweet new laptop, Ubuntu Gnome's bootloader choice and picking the 'bad option', and +System76 support saving the day.

Enjoy your Oryx, Leo, great video!
Wait while more posts are being loaded