[MrLonzo]

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?

[retiredguy123]

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.

[Michael G.]

Originally Posted by MrLonzo

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?

Similar to "Our Entitlement" instead of calling it "Social Security"

[Pugchief]

Originally Posted by retiredguy123

There is no answer to your question.

Sure there is. It's equal to some phantom amount that will make your constituents drool.

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

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.

[JoMar]

Originally Posted by MrLonzo

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?

Same as those that ask for recommendations for services at a reasonable price. There is no answer since "fair share" and "reasonable price" are individual judgements. Also, when talking about Corporate and Business taxes, they are the collectors and pass them downstream to us. Even the Billionaire tax doesn't work, sounds great but the tax code gives them outs. Change the tax code and might have a shot at a fair tax distribution, or a flat tax.....but nothing in it for the politicians so don't hold your breath for either.

[golfing eagles]

Originally Posted by MrLonzo

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 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

[rustyp]

Originally Posted by MrLonzo

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?

Let's start with all the people who didn't pay their fair share by being paid (or paying themselves) "under the table".

[frayedends]

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.

[fdpaq0580]

Shoot them all and let God sort them out! Or something like that!
🤠

[shaw8700@outlook.com]

And remember the rich can live anywhere they want. Remember Roger Moore? He had to live in Switzerland because Britain charged him so much tax!

[Rapscallion St Croix]

Well, we do need to pay for a new pier.

[Karadad]

Originally Posted by Rapscallion St Croix

Well, we do need to pay for a new pier.

Listening to BS now!

[Two Bills]

Originally Posted by Michael G.

Similar to "Our Entitlement" instead of calling it "Social Security"

Agree,
In the UK, they call our State Pensions, "Benefits."
Really annoys me.
Like we're scrounging for a handout.
Like we didn't get taxed 20%+ at least on earnings, more if you worked hard like my dear wife and I, for 40+ years.
Benefits my ****!

[NoMo50]

Originally Posted by retiredguy123

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.

You could lower that amount, if you also included non-citizens. They do, after all, contribute heavily to the national debt.

[M2inOR]

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!