[manaboutown]

Originally Posted by Rainger99

This is a quote from the article. “Florida, on the other hand, has the most regressive state and local tax system.”

The article also lists the states from most regressive to least regressive and Florida was listed first.

The intro was an accurate summary of the article.

Just because someone posts an article doesn’t mean they agree or disagree with it.

But why post an "article" that is knowingly biased and false? I

[Topspinmo]

Originally Posted by Haggar

Here's the reality on rich people's "itemized deductions".

Itemized deductions for the most are taxes, mortgage interest, medical and charity.

Most "rich" people have paid off their mortgage - so no interest.
Sales & real estate taxes are capped at $10,000.
Medical expenses are reduced by 7.5% of income so usually no deduction there.
Which leaves charity - some "rich" don't give charity - the result is they use the standard deduction.

So if charity really is the only mechanism which pushes taxpayers into itemized deductions and you take away that - how will that effect charitable giving? Many good minded will not change their habits but the others may stop giving. Do we want that?

Charity’s not the big taxes deductions for filthy rich you can only give so much. it’s foundation’s. IMO That way they can control money and pay staff outrageous salary and probably get kick backs. Just like most charities 90% goes to maintaining the staff.

IMO they should be flat tax with NO deductions. I don’t care how many kids people have, that was their choice. I don’t care how many foundations have. You make this much you get taxes this much.

The only people that get really screwed at people that win big money. The federal government takes 37% right off top then you have file at end of year and pay more. No 1% ever pays 37% why the have army of lawyers to pay less than there secretary’s in taxes. Not my words the tax cheat words.

Tax laws are made up for rich by LAWYERS so they don’t have to pay their fair share by using hundreds of pages deductions tax rules. Middle class gets taxes the most cause that’s where majority fall in. But that will change in not so distant future. IMO there will only filthy rich and poor just like 3rd world.

[Topspinmo]

Originally Posted by manaboutown

But why post an "article" that is knowingly biased and false? I

Why? Cause 49% believes anything.

[Dusty_Star]

Originally Posted by Rainger99

This is a quote from the article. “Florida, on the other hand, has the most regressive state and local tax system.”
The article also lists the states from most regressive to least regressive and Florida was listed first. The intro was an accurate summary of the article.
Just because someone posts an article doesn’t mean they agree or disagree with it.

There is the article, & then there is your title & first line of comment. We all know you copied the title & the line of comment from the article, but by doing so you owned it.

I can not believe you don't see this. Were I to post an inflammatory title say something along the lines of 'All House Cats Stink' & then added more detailed commentary, if I also included a link to an article theoretically proving my title & comment, I would be justly vilified by many, many, cat loving TOTV users. Even if my title & comment were totally plagiarized from the article, it wouldn't absolve me responsibility from my post.

PS: I don't hate cats, it was an example.

[Dusty_Star]

Originally Posted by manaboutown

But why post an "article" that is knowingly biased and false? I

Excellent point

[MrFlorida]

Originally Posted by Rainger99

The study also finds that DC, New York, New Jersey, and California have much fairer tax systems.

Who Pays? 7th Edition – ITEP

You are free to move to DC, New York, New Jersey, and California to have a fair tax system.

[Stu from NYC]

Originally Posted by Rainger99

That would be $100,000 a year and $200,000 for a married couple! That would solve poverty.

Other than the fact that these so called minimum wage jobs would very quickly go away you are right. Perhaps our elected representatives should be forced to take and pass an economics class before being allowed on a ballot

[Rainger99]

Originally Posted by Dusty_Star

Excellent point

This is an article from a think tank which basically trashes Florida's tax system as being the worst in the entire country. Many crazy ideas start in think tanks but then become policy or law.

I posted it because I thought people should be aware that there are groups that are targeting Florida because they believe it has the most unfair tax system in the country. And, if they had the power, they would change it.

[Nana2Teddy]

Originally Posted by Rainger99

The study also finds that DC, New York, New Jersey, and California have much fairer tax systems.

Who Pays? 7th Edition – ITEP

Sorry, but having just moved here a year ago from a lifetime in California I (and my hubs) are going to have to disagree.

[Rainger99]

Originally Posted by Stu from NYC

Other than the fact that these so called minimum wage jobs would very quickly go away you are right. Perhaps our elected representatives should be forced to take and pass an economics class before being allowed on a ballot

I agree that there might be a few flaws in a $50 an hour minimum wage law! But if you got one of those $100,000 a year jobs, you would be in great shape! The law might even lure more migrants to this country to fill those jobs!

[Markus]

Originally Posted by Normal

Move to Florida, taxes on a new home with bond average 10,000 a year plus, and that’s without amenities, insurances or your annual income taxes!

Many homes in the state of Florida do not have a bond... OR... just buy a home that there IS no bond. You don't realize the infrastructure has to be paid by someone somehow. If there is no bond some tax somewhere that you pay IS paying for it.

[roamingelk]

Originally Posted by OrangeBlossomBaby

If high income people were only allowed to take the same standard deduction that lower income people had to take, then that'd be fair, right? No more itemizing, no more tax breaks, no more write-offs. Standard deduction for everyone. And you pay the same tax rate on the net income after that deduction.

Problem is, that means the ultra-high income folks would actually have to pay taxes. Right now they can itemize enough that they pay no income tax at all.

The ultra-low income also pay no income tax, or they end up with a full refund on what they've paid.

Everyone else pays to cover the ultra-low income AND the ultra-high income, both of whom pay no income tax. The ultra-low can't afford to pay it. The ultra-high income can afford it, but prefer to place the burden on everyone in the middle, including low (but not ultra-low) income people.

The IRS has just released their numbers for 2022:
The top 1% earners paid 50% of all income taxes. The bottom 50% earners paid 34% of taxes. So, where do you come up with that the rich do not pay their share?? CNN???

[Markus]

Originally Posted by Rainger99

The study also finds that DC, New York, New Jersey, and California have much fairer tax systems.

Who Pays? 7th Edition – ITEP

We came from Ohio to live in Florida for my job. Not yet living in TV but in a couple of years we will. Ohio has significantly higher property taxes than we have here and the house we live in here is $100,000 higher, state income tax, local income tax, library taxes, fire/police taxes, parks taxes, zoo taxes.... when you attend an event at a ballpark or outside venue you pay a big tax on top of the ticket price, Hotels are taxed very heavily... on and on and on.

[Topspinmo]

Originally Posted by manaboutown

And yet one pays income tax on SS withholdings as if one actually received the money and could go out and spend it!

So say You can thank Ronnie for taxing retirement SS.

[Topspinmo]

Originally Posted by Rainger99

I agree that there might be a few flaws in a $50 an hour minimum wage law! But if you got one of those $100,000 a year jobs, you would be in great shape! The law might even lure more migrants to this country to fill those jobs!

IMO majority of I. Migrants aren’t come here for jobs.