February 22, 2008

Future Tax

As Bermuda's budget continues to grow uncontrollably, and we all pay more and more for less and less, Vexed picks up on a warning sign at the end of the Future Care RFP - perhaps the biggest of the PLP's un-priced and unspecified election promises:


The particular revenue sources would be designed optimally for Bermuda’s economic structure and would include some mix of the following revenue sources:

o Employer contribution

o Employee contribution (persons age 20 to 64 inclusive)

o Total income- or wage-based tax

o Coordination of benefits

o Patient cost sharing

The "Total" in "Total income - or wage-based tax" is what gets my antennae up.

But the document is vague; they're making this up as they go along.

Posted by Christian S. Dunleavy