Posted on 03/13/2025 9:44:59 AM PDT by Red Badger
TRUMP WANTS NO TAXES FOR ANYONE MAKING LESS THAN $150,000
0:19 VIDEO AT LINK.........................
A flat tax of 14% with no deductions of any kind would balance the budget.
See my post 39
Exempt retirees drawing SS benefits.
This is great for optics. I worry about the long-term. This is adding to Romney’s 47%... those who are not subject to taxes won’t care about tax policy or most other fiscal policies. That’s ripe for abuse by a future government.
I would much rather see a nominal tax across the board to everyone has some skin in the game. Here’s my tax brackets:
$0 - poverty line: no tax
Above poverty to $100,000: 5% flat tax
$100,001 - $150,000: 10% flat tax
Above $150,000: feel free to use progressive tax tables.
yes
the states can compete
VAT taxes are evil.
“I just don’t see the government only accepting only .24 cents on that one dollar over 150k under such a tax scheme.”
Same scheme we have now.
I get your point about low-income people having skin in the game regarding taxation. Indeed, if the perception is that income tax is something that only paid by the upper-middle and upper income earners, then low-income people become so divorced from the concept of income taxes that they don’t care how high income taxes are or how the funds are spent... and thus the tax-and-spend Democrats become a more appealing option to such folks.
That does NOTHING to promote domestic industry like the tariff.
I think every American should pay taxes if some pay taxes.
As I said I get we use that now. The difference though subtle is ALL income is supposedly taxed but in truth below about 40k most do not pay any because of the the credits they get.
LOL. That is not how mariginal income taxation works.
Rush Limbaugh used Yachts as an example. If you tax them heavily, the yacht builders don’t build them, at least in the US. I think he was right on this, but taxing people who have great wealth, is better than taxing the vast middle class. A Yacht registered in the US, should be taxed yearly at a certain PCT of value. Let these rich prigs pay for the right to have a floating palace with the protection of the US Navy. If they want to ply the seas, let them provide their own security.
Just an example of a way to get more funds.
monkeyshine wrote: “It shouldn’t, Congress should cut accordingly…”
Other than waste, fraud, and abuse, what are your recommended cuts?
NO!!!! EVERYONE MUST HAVE SOME SKIN IN THE GAME!!!
Exactly the cure
The tariff is better.
Oh good grief, I have already addressed that twice in the thread, READ THE THREAD.
The statement made was no taxes below 150k, He never said how and I am speculating. as I said READ THE THREAD.
10% is what God asks. Govt should have to ask for more.
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