Talk of The Villages Florida - View Single Post - How to pay for all this new debt
Thread: How to pay for all this new debt
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Old 04-11-2020, 11:05 AM
petsetc petsetc is offline
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Quote:
Originally Posted by DianeM View Post
Actually what I suggested was proportional.
Only proportional if you make enough to pay.

SO you live in The Villages and have a retired income of ??? say 61,022 (The Villages, FL | Data USA), you pay 10% and are left with 54,920 to live on.

Now let's say you work for a landscaper in the villages and he pays the average hourly rate for the Villages of 15.07/hr (The Villages, Florida Hourly Rate | PayScale) and you work every day (2080 work hrs in a year-no vacation-no time off) and earn 31,346, pay 10% and are left with 28,211 to support your family of four including housing, food and health care.

Now lets say your RICHer, make 200K in your retirement. You end up with 180K to live on. Ad nauseam.

This is why proportional is regressive and not fair.

JMHO