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Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, Non Villages Discussion (https://www.talkofthevillages.com/forums/villages-florida-non-villages-discussion-93/)
-   -   What is a 'fair share'? (https://www.talkofthevillages.com/forums/villages-florida-non-villages-discussion-93/what-fair-share-348375/)

huge-pigeons 03-10-2024 06:02 AM
Who are the rich? Have you seen the stats on what constitutes the top 5%? Top 1%? I’ll bet the majority in TV are in the top 5% if not the top 1%. The majority of 65 year olds can’t afford to pay for a $1000 emergency.
But that’s not my fault and the people that worked and worked hard for the majority of their lives should not have to be penalized by paying the majority of the taxes.
Social security is not a benefit because we all contributed to it growing up. It was not an option for me and if it was, I would have funded my own retirement fund.

Cuervo 03-10-2024 06:10 AM
In the past there was a flat percentage that was floated that everyone should pay.
The problem with this and many other ideas is the write offs.
By the time the slick lawyers and the savvy accountant step in the wealthy will not only not pay their fair share, but the taxpayers will also even subsidies them.

mike234 03-10-2024 06:23 AM
Quote:
Originally Posted by frayedends (Post 2309178)
The fair share lingo is used by politicians to push for raising taxes on the rich. However when they raise taxes on “the rich” it seems everyone’s taxes go up. But the loopholes the rich have are not changed. So what it really means is an increase in taxes for most of us but not for their rich friends. It’s a shell game and a political phrase of deception.
it is a political buzzword....would they ever close the tax loopholes, that the politicians use themselves? never.....it is also a scheme that the politicians use to divide people.....so called "rich". vs not rich. people look at the division in this country, and fail to look at the politicians, who are the ones who cause it

dewilson58 03-10-2024 06:35 AM
Quote:
Originally Posted by MrLonzo (Post 2309124)
With regard to taxes, I keep hearing the term 'fair share', but I don't know what that means. How much is a 'fair share' in dollars?
Political question.

Politics will answer.

:mornincoffee:

GizmoWhiskers 03-10-2024 06:42 AM
Quote:
Originally Posted by MrLonzo (Post 2309124)
With regard to taxes, I keep hearing the term 'fair share', but I don't know what that means. How much is a 'fair share' in dollars?
"Render to Caesar what is Caesar's..." - God

"Stupid is as stupid does." - Forrest Gump

So what is "fair share"?

The answer lies between the One that doesn't promise "fair"
and the other that suggests that actions have consequences; somewhere in between the wisdom and guides of these two geniuses.

MandoMan 03-10-2024 06:45 AM
Quote:
Originally Posted by MrLonzo (Post 2309124)
With regard to taxes, I keep hearing the term 'fair share', but I don't know what that means. How much is a 'fair share' in dollars?
Very few homeowners in The Villages would pay a penny of this “fair share.” It won’t get passed anyway, but even if it did, almost certainly you don’t have enough income for it to affect you, so don’t worry about it. It would affect Gary Morse’s three kids (in their sixties), but do they even live here? The dollar amount depends on their income.

Norge 03-10-2024 06:56 AM
Fair share
 
Quote:
Originally Posted by retiredguy123 (Post 2309127)
There is no answer to your question.

But, if you want to pay off the national debt, every citizen needs to pay $102,574. To me, that would be fair.
Start paying then

mike234 03-10-2024 06:56 AM
Quote:
Originally Posted by Pugchief (Post 2309140)
Sure there is. It's equal to some phantom amount that will make your constituents drool.



Ya, gonna have to disagree. I didn't ask for them to spend money they didn't have on projects I don't agree with. But I will nonetheless pony up my portion right after you get all the people living paycheck to paycheck to pay theirs.
I care about about the national debt, as much as the politicians care about the national debt......they could care less about it, cuz they keep doing it......and I could care less about it also

bragones 03-10-2024 06:58 AM
Quote:
Originally Posted by MrLonzo (Post 2309124)
With regard to taxes, I keep hearing the term 'fair share', but I don't know what that means. How much is a 'fair share' in dollars?
9% of your income

Robbb 03-10-2024 07:08 AM
Quote:
Originally Posted by MrLonzo (Post 2309124)
With regard to taxes, I keep hearing the term 'fair share', but I don't know what that means. How much is a 'fair share' in dollars?
In the US, its a political term justifying redistribution of wealth. It's a concept not an amount. The basic premise is life is not fair until will are equally poor.

denniskathyb 03-10-2024 07:13 AM
Quote:
Originally Posted by MrLonzo (Post 2309124)
With regard to taxes, I keep hearing the term 'fair share', but I don't know what that means. How much is a 'fair share' in dollars?
I have been paying 10% Federal tax on my adjusted gross income for a number of years. I do not feel that 10% is extreme.

dewilson58 03-10-2024 07:18 AM
Quote:
Originally Posted by bragones (Post 2309328)
9% of your income
:1rotfl::1rotfl:

That would generate less than 50% of the current tax revenue.

Good Luck balancing that budget.

Ken D. 03-10-2024 07:19 AM
Quote:
Originally Posted by M2inOR (Post 2309295)
Fair Share...

1. What should the taxes be on any tax-free investments? Like the municipal bonds sold to pay for public projects that benefit everyone. Yes, anyone can purchase tax-free municipal bonds that pay dividends not subject to federal or state income taxes.

2. There are several types of savings for retirement. Pensions, IRAs, Roth IRAs, 401K, and Roth 401K.

Many of you know that Roth IRAs and Roth 401K can have cash, bonds, and or other investments that can grow, and none of the withdrawals are subject to taxes, state or federal.

These are open to almost everyone who want to save for retirement.

So...if one has all their savings in a Roth fund, how much should they pay in taxes? At what value should holder be considered "rich"?

Everyone has the opportunity to work hard, save, and live within their means.

Everyone!
You forget people already paid taxes at the time of conversion. You make it sound tax free, only what you earn on the investment is.

sdifede313@aol.com 03-10-2024 07:30 AM
Quote:
Originally Posted by MrLonzo (Post 2309124)
With regard to taxes, I keep hearing the term 'fair share', but I don't know what that means. How much is a 'fair share' in dollars?
A fair share is a more evenly distributed tax based on percentages of one’s earnings. However, some elected politicians Re-define far share based on wealth of individuals and not earnings, which would present its own set of problems.

golfing eagles 03-10-2024 07:33 AM
Quote:
Originally Posted by MrLonzo (Post 2309124)
With regard to taxes, I keep hearing the term 'fair share', but I don't know what that means. How much is a 'fair share' in dollars?
Quote:
Originally Posted by golfing eagles (Post 2309165)
I don't know about dollars, but since this thread will probably turn political very quickly, the 2 hours 23 minutes that it has lasted so far is more than a fair share :1rotfl::1rotfl::1rotfl:
I guess I was half right----the thread has turned political, yet it lives on.......


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