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-   -   Florida is the worst state in the country when it comes to tax fairness! (https://www.talkofthevillages.com/forums/current-events-news-541/florida-worst-state-country-when-comes-tax-fairness-347879/)

Indydealmaker 02-21-2024 01:07 PM

Quote:

Originally Posted by Normal (Post 2303201)
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!

The bond payment is irrelevant. It is not a tax, but a deferred cost of the home. Everything covered by the bond is normally added to the home cost.

kingofbeer 02-21-2024 01:30 PM

Quote:

Originally Posted by Markus (Post 2303581)
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.

The infrastructure cost should be added to the price of the house. CDD is a method for developers to make more money.

gettingby 02-21-2024 01:52 PM

Quote:

Originally Posted by Rainger99 (Post 2303140)
The study also finds that DC, New York, New Jersey, and California have much fairer tax systems.

Who Pays? 7th Edition – ITEP

Just goes to show you that a study can be made to show what ever outcome is needed. Citizens are leaving in record numbers from each and every one of the states listed. I call BS on this study.

cjrjck 02-21-2024 02:39 PM

Quote:

Originally Posted by Rainger99 (Post 2303140)
The study also finds that DC, New York, New Jersey, and California have much fairer tax systems.

Who Pays? 7th Edition – ITEP

From the net: "While self-described as politically neutral, Institute on Taxation and Economic Policy was described as a “liberal think tank” by Pew Research Center. 3The organization’s official Twitter account has posted and retweeted articles critical to President Trump’s tax policies. ITEP also posted a Salon article to their website alleging GOP donors to be the only class favorable to Trump’s tax cuts."

Enough said.

jimjamuser 02-21-2024 04:10 PM

Quote:

Originally Posted by retiredguy123 (Post 2303148)
I guess it depends on what you mean by "fair"? Everyone doesn't agree that high income people should pay a higher tax rate than low income people.

Most people agree that the rich should pay more ....that it is the fairest system. It makes a society, like the US once was, stronger because it encourages upward mobility and a strong middle class. A weak middle class is more vulnerable to takeover either externally or internally. If you think about it from the framework of ancient history. The stratified society of the Roman Empire fell apart as their leaders became too self-absorbed and eventually the Germanic Tribes prevailed. Countries fall apart internally at first.
.........Today the US tax system does NOT encourage upward mobility. So the middle class is left to ROT with problems of crime, drugs, suicide, race relations and other internal strife. Manufacturing technology is outsourced to China, which made GREAT wealth for one segment of the US society, and NOT the middle class.
..........The Florida tax system is designed to discourage upward mobility as is the amount of money spent on elementary and secondary public education. The principle in Florida Education is "elite" education.

Byte1 02-21-2024 04:43 PM

Quote:

Originally Posted by OrangeBlossomBaby (Post 2303413)
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.

SO the "ultra-high income" folks don't pay taxes because they itemize? :1rotfl::1rotfl::1rotfl: Yes, they do get some breaks, BUT they also pay the majority of the income revenue going into the treasury that pays for all the benefits that the low income folks enjoy.
Do you realize that a lot of middle income level folks pay NO income taxes if they are a family of four? As a matter of fact, I know of one couple in the villages that has an income of over $70K a year and legally pays NO income tax.
Personally, I believe taxing any group of folks in America at a higher rate than anyone else should be a Constitutional violation regarding discrimination.

jimjamuser 02-21-2024 04:53 PM

Quote:

Originally Posted by n8xwb (Post 2303366)
The article makes no sense to me! For example they state, "These states tax their poorest residents — those in the bottom 20 percent of the income scale — at rates averaging three times higher than those charged to the wealthy."
Last I checked the only taxes we have in Florida are sales tax & property tax. Both of those rates have nothing to do with being rich or poor. If you buy more, you pay more. If you own a larger home you pay more. What's wrong with that? Works for me!

Sales tax is regressive - it hits poor people harder than rich people. Let's say 2 mothers are buying clothes and school supplies for their children. One mother is poor and the other is rich. They both buy the same total amount. The poor mother barely can afford her purchases and the additional sales tax is significant to HER. But not to the rich mother - the purchases AND the sales tax are just a small "drop in the bucket" to her.
.........That is why sales tax affects the upper class LESS than the lower class.
.........And as far as property tax goes, most lower class people can't afford to buy real estate.

jimjamuser 02-21-2024 05:19 PM

Quote:

Originally Posted by Rainger99 (Post 2303391)
I didn’t say I believed it. I posted it because it pertains to the state where all of us live.

And I thought it might get comments from people who live in the more progressive states to see what they think of the study.

So far most of them appear to disagree with the study.

People in The Villages don't have to worry about upward mobility. They have already made it. States at the end of that list use their progressive tax base to encourage upward mobility. Florida does not NEED to encourage innovation and upward mobility because it gets its state money coming in from tourists and older retirees that bring their retirements and wealth down with them from the Northern (more progressive) states.
..........Apparently, the progressive states work best for the younger working age people, which allows them to accumulate wealth and then retire...........to the regressive states like Florida where they can play golf and HOPE to stay healthy.

jimjamuser 02-21-2024 05:26 PM

Quote:

Originally Posted by margaretmattson (Post 2303398)
The article is referring to a heavy burden caused by taxes in Florida for the poor. A cinge to pay for the wealthy but is causing low income families to live paycheck to paycheck. Some, going into debt. Other states have managed to tax accordingly where a percentage paid by the poor is fair. A person earning $15/hr has a difficult time buying groceries! They can not afford to be taxed at the same rate as the wealthy. Example: A 7% sales tax on a person earning $30,000 hits much harder than a person earning $100,000.

A good explanation !

Normal 02-21-2024 05:39 PM

Quote:

Originally Posted by jimjamuser (Post 2303726)
A good explanation !

So we should embrace taxes as a way to heal us all and reduce income disparity? Ludicrous. If you ask most of us, it would be better across the board to reduce all taxes. The government has way overreached.

jimjamuser 02-21-2024 05:46 PM

Quote:

Originally Posted by BigDawgInLakeDenham (Post 2303401)
Doesn't that way of thinking already provide opportunities for free educational opportunities that said people choose not to take advantage of? Will it make you feel better that I suffer more to pay the way of those who don't strive to reach their full potential? Unfortunately I've witnessed that some folks lives are centered around handouts, and you are suggesting I empty my pockets to support them even more?

I would suggest that society create and stimulate UPWARD MOBILITY by having a progressive tax structure (also good PUBLIC education and other PROGRESSIVE programs). That gives society a strong middle class and a strong middle class makes for a strong society. With a strong middle class and good PUBLIC school outcomes a country will have fewer and fewer people left behind that become susceptible to crime, gangs, drugs, suicide which weaken the country.
........I believe that the US has destroyed its own middle class by outsourcing to China and making tax policy ly the RICH and for the RICH. And other countries in the world are observing our weakness.

Caymus 02-21-2024 05:53 PM

Quote:

Originally Posted by jimjamuser (Post 2303704)
Most people agree that the rich should pay more ....that it is the fairest system. It makes a society, like the US once was, stronger because it encourages upward mobility and a strong middle class. A weak middle class is more vulnerable to takeover either externally or internally. If you think about it from the framework of ancient history. The stratified society of the Roman Empire fell apart as their leaders became too self-absorbed and eventually the Germanic Tribes prevailed. Countries fall apart internally at first.
.........Today the US tax system does NOT encourage upward mobility. So the middle class is left to ROT with problems of crime, drugs, suicide, race relations and other internal strife. Manufacturing technology is outsourced to China, which made GREAT wealth for one segment of the US society, and NOT the middle class.
..........The Florida tax system is designed to discourage upward mobility as is the amount of money spent on elementary and secondary public education. The principle in Florida Education is "elite" education.

Who? Socialists? People that leach off of government?

Topspinmo 02-21-2024 06:01 PM

Quote:

Originally Posted by Normal (Post 2303655)
MUCH MOREon average for a designer add about 1500 per year.


More in Marion county.

Topspinmo 02-21-2024 06:06 PM

Quote:

Originally Posted by jimjamuser (Post 2303704)
Most people agree that the rich should pay more ....that it is the fairest system. It makes a society, like the US once was, stronger because it encourages upward mobility and a strong middle class. A weak middle class is more vulnerable to takeover either externally or internally. If you think about it from the framework of ancient history. The stratified society of the Roman Empire fell apart as their leaders became too self-absorbed and eventually the Germanic Tribes prevailed. Countries fall apart internally at first.
.........Today the US tax system does NOT encourage upward mobility. So the middle class is left to ROT with problems of crime, drugs, suicide, race relations and other internal strife. Manufacturing technology is outsourced to China, which made GREAT wealth for one segment of the US society, and NOT the middle class.
..........The Florida tax system is designed to discourage upward mobility as is the amount of money spent on elementary and secondary public education. The principle in Florida Education is "elite" education.


No law against voluntary paying more. Local and federal government loves spending some else’s money. So pay up or —- up. :o

Normal 02-21-2024 06:09 PM

City Tax
 
Quote:

Originally Posted by Topspinmo (Post 2303738)
More in Marion county.

That’s just Wildwood city taxes for each year. Sumter likes to add another 6500 with county and school taxes. Then they pretend there just a small amount we’ll add on for fire.


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