[bmit16]

Yes, especially homeowners. But what you spend in insurance in Florida, you will save 4 fold in taxes over Ma.

[KAM+6]

Originally Posted by TideFan

I was under the impression that where ever you registered your car was where you paid your state taxes. In other words you could only register a automobile in your home state. Is that not true anymore?

In Massachusetts a car MUST be registered where it is garage otherwise you are not covered it you get in a accident.

[charlieo1126@gmail.com]

Originally Posted by joelfmi

I hope you don't believe everything you read. It is expensive to live there at the villages and all of Florida now.

and I suppose up there in New York where YOU LIVE is cheap , maybe you should visit Florida some time if your allowed out of the home

[golfing eagles]

Originally Posted by charlieo1126@gmail.com

and I suppose up there in New York where YOU LIVE is cheap , maybe you should visit Florida some time if your allowed out of the home

He would probably need to disable the ankle bracelet first.

[jimjamuser]

Originally Posted by rustyp

Does immigration drive down inflation?

While the first speaks of immigration increasing the demand for goods and services; the latter speaks of immigration driving down inflation by increasing the labour supply, which is essence drives down real wage demands, preventing inflation.In addition many immigrants are willing to work for minimum wage in exchange for a new home in a land where they have hopes of achieving the "American Dream". Both arguments do have their rationale which seems true from their respective perspectives.

Here we go off on a tangent again. Immigration would drive down labor costs and that would decrease or limit inflation. But, why are we looking at the problem from the viewpoint of the WEALTHY employers? The problem with immigrants is that the US does NOT need or want any more (especially illegal ones that the 1st thing that they do in the US is break our laws.) (They are ILLEGAL.) This means that we as a country do NOT want them. Who are they driving down labor costs for? That is hurting real US citizens that are in the construction industry.
........Real US citizens whose fathers were in the Army and risk their lives. Citizens whose fathers and mothers worked as policemen and women. (As teachers, as nurses, as coaches, as scoutmasters, and etc). The non-real US citizens (aka illegals) - their fathers and mothers worked in some South American country as whatever and many have ZERO skills. They were NOT EDUCATED in the US school system so they speak marginal English. And they did NOT have years of getting the proper shots in school.
Why should these illegals get to compete for a job with a US citizen that may have been in the US Army while they were in the Nicaraguan Army? Fair is fair and the US is overcrowded as it is at 350 million people. US roads and highways, Airline infrastructure, and weak public school system are all OVER STRETCHED with too many people and U S quality of LIFE is in a downward spiral and unable to solve many important problems.
.........The US competes with many other 1st world countries........ and illegal aliens that can't even speak English are only going to make ALL of US society WORSE!

[Papa_lecki]

Originally Posted by rustyp

Does immigration drive down inflation?

While the first speaks of immigration increasing the demand for goods and services; the latter speaks of immigration driving down inflation by increasing the labour supply, which is essence drives down real wage demands, preventing inflation.In addition many immigrants are willing to work for minimum wage in exchange for a new home in a land where they have hopes of achieving the "American Dream". Both arguments do have their rationale which seems true from their respective perspectives.

LEGAL, organized, planned immigration does.

[jimjamuser]

Originally Posted by RICH1

They wanted to Raise Minimum Wage, and Now we all are suffering the consequences! It’s Expensive to live everywhere! If you can’t afford living in The Villages, then you need to rethink your life’s Plan .., PRICES ARE GOING UP IN THE VILLAGES

Why does the minimum wage get raised? Ordinary people/workers look at the life that the top US 1% has and asks why did the rich get a tax break and NOT the poor? Why give a special tax break to the Zuckerbergs, Bezos, and Elon Musks of the world? The prior admin made that happen! Ordinary people have NOT gotten a minimum wage increase in over 30 years. Finally, recently, the job market has begun to favor the worker and they can and will ask for more wages. (unfortunately, a recession may be in the future, which would erase the worker's gains.)
......Please, try to feel good about the ordinary worker FINALLY being in a position of having some TRIVIAL POWER.

[golfing eagles]

Originally Posted by jimjamuser

Why does the minimum wage get raised? Ordinary people/workers look at the life that the top US 1% has and asks why did the rich get a tax break and NOT the poor? Why give a special tax break to the Zuckerbergs, Bezos, and Elon Musks of the world? The prior admin made that happen! Ordinary people have NOT gotten a minimum wage increase in over 30 years. Finally, recently, the job market has begun to favor the worker and they can and will ask for more wages. (unfortunately, a recession may be in the future, which would erase the worker's gains.)
......Please, try to feel good about the ordinary worker FINALLY being in a position of having some TRIVIAL POWER.

Just what "tax break" would that be????

The top 1% of earners paid 40% of all income tax collected in 2018

The top 10% paid 68%

and the top 53% paid 100% of all income tax

So maybe those "ordinary workers" can climb the ladder and start paying THEIR "fair share"

[Aces4]

Originally Posted by golfing eagles

Just what "tax break" would that be????

The top 1% of earners paid 40% of all income tax collected in 2018

The top 10% paid 68%

and the top 53% paid 100% of all income tax

So maybe those "ordinary workers" can climb the ladder and start paying THEIR "fair share"

You know you are ruining his gospel with facts, don’t you?

[OrangeBlossomBaby]

Originally Posted by golfing eagles

Just what "tax break" would that be????

The top 1% of earners paid 40% of all income tax collected in 2018

The top 10% paid 68%

and the top 53% paid 100% of all income tax

So maybe those "ordinary workers" can climb the ladder and start paying THEIR "fair share"

Well then let's go the other way around. The lowest income that actually pays tax, is taxed at an 18% rate. That lowest income gets the standard deduction, because they don't earn enough to itemize.

Let's apply that to ALL income earners. EVERYONE pays 18%, and none of them get to itemize. Standard deduction only.

I'm okay with that.

[tuccillo]

No, 10%. BTW, I take the standard deduction, as do many people unless you have a mortgage. 90% of tax payers take the standard deduction.

Originally Posted by OrangeBlossomBaby

Well then let's go the other way around. The lowest income that actually pays tax, is taxed at an 18% rate. That lowest income gets the standard deduction, because they don't earn enough to itemize.

Let's apply that to ALL income earners. EVERYONE pays 18%, and none of them get to itemize. Standard deduction only.

I'm okay with that.

[OrangeBlossomBaby]

Originally Posted by tuccillo

No, 10%. BTW, I take the standard deduction, as do many people unless you have a mortgage. 90% of tax payers take the standard deduction.

10% is fine too. Make all the uber wealthy - that other 10% of taxpayers, take the standard deduction, and pay 10%.

Good luck convincing anyone to pass THAT through senate and congress though. The top 5% of wealth in this country itemize enough that their tax obligation is much less than 10%, and some of them pay nothing at all in taxes.

So sure - bring it on. 10% tax, with standard deduction ONLY, no more itemizing at all, for everyone.

[tuccillo]

Doubtful. One way to drive your tax rate down is to not have W-2 income but realize capital gains since the tax rate is typically lower than W-2 income. For example, Elon Musk typically has no tax liability since he has no W-2 income. However, when he does sell stock he does pay a lot of tax - $11 billion is 2021. Max capital gains rate is 20% (can be up to 28% for some assets). Regardless, the upper 10% basically pay the vast majority of the taxes. Look it up or read post #123.

Originally Posted by OrangeBlossomBaby

10% is fine too. Make all the uber wealthy - that other 10% of taxpayers, take the standard deduction, and pay 10%. IMO, we would be better off with a consumption tax - you buy stuff, you pay tax, with some provision to reduce the regressive nature.

Good luck convincing anyone to pass THAT through senate and congress though. The top 5% of wealth in this country itemize enough that their tax obligation is much less than 10%, and some of them pay nothing at all in taxes.

So sure - bring it on. 10% tax, with standard deduction ONLY, no more itemizing at all, for everyone.

[golfing eagles]

Originally Posted by OrangeBlossomBaby

Well then let's go the other way around. The lowest income that actually pays tax, is taxed at an 18% rate. That lowest income gets the standard deduction, because they don't earn enough to itemize.

Let's apply that to ALL income earners. EVERYONE pays 18%, and none of them get to itemize. Standard deduction only.

I'm okay with that.

You mean the lowest income that actually pays income tax, since the lowest 47% PAY NOTHING

And the 47.1th percentile actually pays closer to 6% on average, depending on kids/age, etc

[golfing eagles]

Originally Posted by OrangeBlossomBaby

10% is fine too. Make all the uber wealthy - that other 10% of taxpayers, take the standard deduction, and pay 10%.

Good luck convincing anyone to pass THAT through senate and congress though. The top 5% of wealth in this country itemize enough that their tax obligation is much less than 10%, and some of them pay nothing at all in taxes.

So sure - bring it on. 10% tax, with standard deduction ONLY, no more itemizing at all, for everyone.

Again, statistics from the IRS---THE TOP 1% OF ALL EARNERS PAY 40% OF ALL INCOME TAXES.