Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
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_____________________ "It's a magical world, Hobbes, Ol' Buddy... let's go exploring!" |
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#32
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We pay a fortune in tax for 'Free' healthcare!
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#33
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#34
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Most of the world uses some form of VAT tax.
Value-added tax - Wikipedia This country definitely needs a simpler tax code, either a flat tax or something similar to a VAT tax. Warren Buffett famously went on record that it wasn’t fair that his secretary had a higher marginal tax rate than he did. He failed to point out that he had a ton of lawyers that squeezed every deduction out of an overly complicated tax code. He also spends a ton of money lobbying government to put more loopholes into the tax code to benefit his investments. I imagine the people that would get impacted the most by the increased size of the IRS will be the middle class and the small businesses. My coworkers who seemed to get audited every other year were the ones that tithed to the church and charities at a high percentage. When the ACA was implemented over a decade ago, it was actually supported by large corporations such as Walmart. They knew they would be able to afford the massive overhead involved in implementing new government policies. While their small and medium sized competitors would have a difficult burden trying to afford the overhead needed to administer all the new government regulations. |
#35
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They can't even get rid of day light savings time...this tax idea, though a good idea, will never pass. What a classic waste of time.
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"I am a great believer in luck, and I find that the harder I work, the more I have of it." -Thomas Jefferson |
#36
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If they don't/can't, then they would go on (real) welfare and Medicaid/ACA. And we could then fund it properly, via taxes. |
#37
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I thought it would take longer to get this old. |
#38
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#39
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Tax does not get lost anywhere. |
#40
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American by birth. Southern by the grace of God. |
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#42
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I thought they did decide not change the time after the spring change.
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#43
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#44
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But such system is not sustainable long term. Current workers are paying the current benefits, and too many people are pulling out far more than they put in for any number of reasons (never earned that much, greater lifespans). As you hope to "live long enough" to get out what you put in (with a little extra), think of all of those people that die at 65, and would have rather left that invested money to their heirs, vs having it vaporize. I have a private pension that ends when I die. I took a smaller monthly amount so I could also receive a lump sum that I rolled into an IRA, so I would have the ability to will it to my children should I go early. That I could do that with SS |
#45
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Well, at least we’re used to that type of activity.
Last edited by Aces4; 01-12-2023 at 07:08 PM. |
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