Posted on 09/22/2024 1:44:44 PM PDT by E. Pluribus Unum
I can’t read this
It has to do with wading through the bullshit that is never going to happen to get to the basics.
This is true on both sides.
Well, Taxation IS Theft and Inflation IS Theft, so whatever President in Exile Trump can do about it, more power to him!
Replacement of the income tax with tariffs would eliminate the IRS, sot that’s a plus.
Not really. Customs is under the Treasury Dept.
“2023 featured $3.8T in imports and $2.2T in federal income tax revenue. A 100% tariff should do it.”
Put on a 100% tariff and there’ll be much less than $3.8T in imports.
High tariffs would make imported goods more expensive and thus make domestic production more competitive — but you can’t have it both ways. More jobs for Americans making stuff, because domestic production displaces some imports, means that the tariffs will bring in less money.
By whatever amount the Federal income tax might be reduced, my state will raise taxes to fill the gap. Sort of like the “Peace Dividend” of yore.
Eliminate the Fed income tax (and 17A with the 16th) and instead, every spending bill is split mostly equally amongst the States. Divide it by 535, and each CongressCritter brings their share to their State, which can raise that amount however they want.
Tarriffs go straight to reducing outstanding debt, and once that’s zeroed off, they reduce the dollars charged to the States using the same split above.
I can totally live with that!
My ‘hobby’ as a Working Woman was to thwart the Taxman whenever I could.
I NEVER got a big ‘refund’ at the end of the year - that was MY money! Why just GIVE IT to Mother Government to spend on wars and ‘free’ abortions and steaks for ‘the poor’ when I WAS THE TAXPAYING POOR? *SPIT*
My BEST ‘tax’ year in my highest earning years was when I owed the State $50 but was getting a $50 refund from the Feds. *SMIRK*
I suggest everyone familiarize themselves with the current Tax Table. If you have a functioning brain, it really is NOT THAT HARD to do your own taxes if you’re just the average Joe Schmo.
Starve the BEAST that Mother Government has become!
Tariffs are a great idea. People won’t want to pay high prices for foriegn goods and the American entrepenuer will arise again.
Taxes on wages and salaries is considered an excise tax. Contrary to popular opinion, the 16th Amendment did not authorize the income tax on wages. That was already considered constitutional. What it did was authorize taxes on income generated by capital, i.e., rents, dividends, and interest.
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