created by: Kosmik | Apr 26, 2012

Columbus, OH

115 votes

What would be the fairest system of taxation

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  • The current version
  • Flat tax
  • Fair tax
  • Apt tax
  • Something else
  • No taxation with horrible representation
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101 - 120 of 253 Comments Last updated May 17, 2012
Conservative

Springfield, OH

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#101
May 5, 2012
 
gokeefe wrote:
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Agreed. What you did was the smartest scenario.
It's basically what I'm doing now after shedding family house though--divorced now, I didn't need that big of a house any longer and I moved here from another area. I live in a rental in a decent hood, with a relatively low rent and toss the cash into savings that otherwise would go into repairs, interest, insurance, etc. I keep asking myself "do I really want to buy, given this market, and the fact I really don't care to remain in Ohio post-retirement?" The answer keeps coming up NO. Long term plans: move west or south (nearer kids), buy there post-retirement with cash. I may see something that looks seductive in terms of price, location, lifestyle but I wait a few days before doing anything. Then I get back to myself and remind myself "longer-term goals don't include remaining in Ohio."
I think a lot of advice/thought that was appropos to the 50s, 60s, 70s, 80s regarding finance is no longer fit to be used. Completely different world we're in. New normal so to speak.
Please call Washington and tell THEM not everyone should or wants to own a home. They will eventually but it will be when they are financially able.

Both of you offer sound advise to others who know the lifestyle they wish to live and have thought it through.

“Ludibrium est onus genio”

Since: Dec 11

Planet Earth

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#102
May 5, 2012
 
Conservative wrote:
<quoted text>
To each his own and if your choices work well for you, then they're good ones.
Investment properties are good long and short term investments.
My daughter owns 14 now, still buys and resells, what they don't sell quickly they rent or lease. I still own a few, down from 26.
Getting to old for it.
I think we can agree that purchasing a home is different.
Right. There's nothing wrong with investing in homes... just not the one I'm living in :)

“Queen of my domain”

Since: May 10

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#103
May 5, 2012
 
Conservative wrote:
<quoted text>
Please call Washington and tell THEM not everyone should or wants to own a home. They will eventually but it will be when they are financially able.
Both of you offer sound advise to others who know the lifestyle they wish to live and have thought it through.
Thanks, but I doubt Washington would listen to me. Remember, it's often the government that deceives those who don't wish to think for themselves.

“Queen of my domain”

Since: May 10

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#104
May 5, 2012
 
TonyD2 wrote:
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Right. There's nothing wrong with investing in homes... just not the one I'm living in :)
Investing in homes and buying a home for your residence are two different things IMHO.

I have a brother in law who bought up several older houses near a university. Renovated them, turned them into off campus housing, registered them with the university's housing office. Turns a decent buck, too. But he's also put a lot of time and effort into this -- the houses haven't appreciated much and college kids can be hard on houses (to put it nicely). He does vet the kids and parents thoroughly (credit checks, criminal checks, etc.) and makes the parents sign the lease with clauses for damage, etc. However, he LIVES on that street, he's there immediately if there's a problem, and he checks on these kids. He's not a dummy. Where he's made the money was obviously through the rents, not through the appreciation of the houses. And he did it through a lot of hard work and due diligence.

I don't have the time or desire to do what he did. I suspect most people don't.
Reality Speaks

Columbus, OH

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#105
May 6, 2012
 

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fair= equal

so fair tax rate is one that everyone pays equally.

“Ludibrium est onus genio”

Since: Dec 11

Planet Earth

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#106
May 6, 2012
 
gokeefe wrote:
<quoted text>
Investing in homes and buying a home for your residence are two different things IMHO.
I agree, but many who got into trouble were those who tried to combine the two. They bought houses well above their means, with the specific intent of selling them for a profit. They played with fire and got burned, and we're all paying for it and will for decades to come.
Reality Speaks

Columbus, OH

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#107
May 6, 2012
 

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TonyD2 wrote:
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Right. There's nothing wrong with investing in homes... just not the one I'm living in :)
agreed

everyone should have goals; and yours is to pay cash for your retirement home.

sounds like a great goal to me!

I hope you reach your goal; and my suggestion would be to post your goals on the bathroom mirror, so you see them every morning.

expressing goals to people is a step in achieving them. People will help others reach goals; and those with no goals have no need of help.

Where do you want to retire?

“Ludibrium est onus genio”

Since: Dec 11

Planet Earth

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#108
May 6, 2012
 
Reality Speaks wrote:
<quoted text>
agreed
everyone should have goals; and yours is to pay cash for your retirement home.
sounds like a great goal to me!
I hope you reach your goal;
Already did... took less than 23 years.

“Ludibrium est onus genio”

Since: Dec 11

Planet Earth

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#109
May 6, 2012
 
Reality Speaks wrote:
Where do you want to retire?
In the country :)
Reality Speaks

Columbus, OH

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#110
May 6, 2012
 

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TonyD2 wrote:
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Already did... took less than 23 years.
good for you.

live in the country, a suggestion would be Tennesee.

mild weather; and you can buy 100 acres reasonable. Also you will have plenty of time to fish in great bodies of water.
NOROMNEY

Cleveland, OH

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#111
May 6, 2012
 
Make it illegal to have offshore accounts and tax the shit out of all of the cheaters......
Nuff said!
Breaks to American companies who hire here and not in other countries!
NO breaks to companies who have businesses and hire out of this country!
NOROMNEY

Cleveland, OH

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#112
May 6, 2012
 
Reality Speaks wrote:
<quoted text>
agreed
everyone should have goals; and yours is to pay cash for your retirement home.
sounds like a great goal to me!
I hope you reach your goal; and my suggestion would be to post your goals on the bathroom mirror, so you see them every morning.
expressing goals to people is a step in achieving them. People will help others reach goals; and those with no goals have no need of help.
Where do you want to retire?
NO ONE cares what you think.......
Pompous ass!
Pompous ass with a little one!
Reality Speaks

Columbus, OH

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#113
May 6, 2012
 

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NOROMNEY wrote:
Make it illegal to have offshore accounts and tax the shit out of all of the cheaters......
Nuff said!
Breaks to American companies who hire here and not in other countries!
NO breaks to companies who have businesses and hire out of this country!
You are not employable except for pig stall cleaning.

And who do you think you are to tell anyone whom they can hire?

we already are taxed to death; but you would not understand due to paying Zero yourself.

all the cheaters like you who pay nothing?

and with plants in Euorpe, I am supposed to hire a moron like you, move you and pay all your expenses to clean out pig pens?

there are plenty of morons like you in Europe to hire.

“Ludibrium est onus genio”

Since: Dec 11

Planet Earth

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#114
May 6, 2012
 

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NOROMNEY wrote:
Make it illegal to have offshore accounts and tax the shit out of all of the cheaters......
Nuff said!
Breaks to American companies who hire here and not in other countries!
NO breaks to companies who have businesses and hire out of this country!
That makes about as much sense and jailing people who buy foreign products. Protectionism isn't the answer. Making America more competitive is.
Conservative

Springfield, OH

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#115
May 6, 2012
 

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NOROMNEY wrote:
Make it illegal to have offshore accounts and tax the shit out of all of the cheaters......
Nuff said!
Breaks to American companies who hire here and not in other countries!
NO breaks to companies who have businesses and hire out of this country!
There's a reason for off shore accounts. Taxes. The Fair Tax would eliminate the need to shelter your money from unreasonable taxation and they're perfectly legal. They're available to you also by the way.

Since: Oct 10

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#116
May 6, 2012
 

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NOROMNEY wrote:
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NO ONE cares what you think.......
Pompous ass!
Pompous ass with a little one!
Hmmmm.

Yet another poster fixated on posteriors and size of male genitalia.

Where do you folks come from?
Conservative

Springfield, OH

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#117
May 6, 2012
 

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6was9 wrote:
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Hmmmm.
Yet another poster fixated on posteriors and size of male genitalia.
Where do you folks come from?
San Francisco
NOROMNEY

Cleveland, OH

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#118
May 6, 2012
 

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Reality Speaks wrote:
<quoted text>
You are not employable except for pig stall cleaning.
And who do you think you are to tell anyone whom they can hire?
we already are taxed to death; but you would not understand due to paying Zero yourself.
all the cheaters like you who pay nothing?
and with plants in Euorpe, I am supposed to hire a moron like you, move you and pay all your expenses to clean out pig pens?
there are plenty of morons like you in Europe to hire.
Are you the head pig?
NOROMNEY

Cleveland, OH

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#119
May 6, 2012
 

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Conservative wrote:
<quoted text>
There's a reason for off shore accounts. Taxes. The Fair Tax would eliminate the need to shelter your money from unreasonable taxation and they're perfectly legal. They're available to you also by the way.
I know it's about taxes.....DUH!
Companies who start businesses and hire in foreign countries should be penalized .
The idea is to strengthen OUR country not another.
Our unemployment would not be at what it is if they would build and manufacture in the USA!
Can You

Las Cruces, NM

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#120
May 6, 2012
 
NOROMNEY wrote:
Make it illegal to have offshore accounts and tax the shit out of all of the cheaters......
Nuff said!
Breaks to American companies who hire here and not in other countries!
NO breaks to companies who have businesses and hire out of this country!
You were talking about Geithner, Kerry , and some other tax cheats in Obama's cabinet, right?

Until the rest of the world's labor forces catch up with the cost of making things in the USA, the standard of living in the USA will continue to decline. The politicians will claim they can fix the problem, but they are merely lying to get elected.

Ask Obama about sending jobs to foreign countries with his Fisker Automotive deal.

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