Posted on 06/19/2024 6:38:01 AM PDT by Red Badger
So how is he going to “pay people to have babies”??? I noticed he didn’t say citizens or taxpayers. We all know how corrupt the monthly Covid checks he sent out were.
Have done accounting since 1957.
AGREED.
IT is a GIFT....NOT TAXABLE.
“Several influential Republicans told NBC News they’re skeptical of the idea, citing the rising national debt and questioning whether it would be fair to earners who don’t make tips.”
These morons don’t have a clue as tipped employees, as a whole, make about $2.15 per hour plus their tips. A far cry from the “minimum wage”. If it wasn’t for the tips, they wouldn’t survive. The real good ones have excellent people skills and provide top-notch service. Service being the key word.
Maybe these clowns should stop fleecing US and enriching themselves through graft as well as other means. Remind me again how many billions have been wasted on the most corrupt country in the world?
I think we are way past the Byzantine out of control tax system and the issues. Fair share! loop holes! ETC!
I would favor getting rid of Fed income tax and replace entirely with a natl sales/ VAT.
massively downsize the IRS..
Added bonus, it gives the tax payers a direct way to voice their opinions, BUY nothing/ tax protest days. for that reason alone it will never happen..
He also saving social security. These workers who don’t include tips in income will get significantly smaller social security checks. In fact, they’ll end up getting the bare minimum.
And they say $250BN “over” ten years, which means that it’s “only” $25BN per year and also since they are clearly trying to scare us they probably exaggerated even the $25BN number, so it’s more likely to be $15Bn a year. Trump could save $250BN a year just by ending the one war in Ukraine.
“Tax expenditure” is the phrase used by Econocrats to calculate the “cost” (foregone revenue) of every deduction, allowance, or credit.
It is premised on the notion that the government has a right to 100% of a flat rate of income.
Any Orthodox, Traditional, Establishment, Blue-blood, Old-Money Republican who is opposed to this idea ought to be run out of the party.
If you are getting a minimum wage of say $15/hour as a waiter, the same minimum wage as everyone else, the 15% to 20% tip for average to very good service era is past.
Your tip might be $1 to $3 for average to very good service per person served. The total amount of tip income in uniform minimum wage areas will be far less.
These smaller tips will be much better appreciated and worked for if untaxed (by the federal government at least).
Also.... which f’n administration was it that decided to start taxing tips to begin with. Seems like Clinton but the memory is foggy.
Looking at each of these, is looking at the trees.
The forest, however, spells NESARA. The National Economic Security and Recovery Act. Calls for a national sales tax, solely on new items, abolishes the FED/IRS, moves to a PM-based financial system.
They shouldn’t be taxed and they shouldn’t be split among others. Good service usually equates to good tips. At least it did in the old days.
It goes right back into the economy instead of being wasted by the governments trough.
“Trump also suggested he would eliminate income tax and institute higher tariffs to fund the Government”
The federal government spends about $6 trillion/year.
That’s about $20,000/year/American citizen.
Taxing $15 Big Macs or even two million $60,000 Teslas is not going to cover that amount of spending.
This is the problem other politicians have with this idea. Similar to when Bush suggested Tort Reform to limit liabilities that insurance companies pay.
To lower medical costs for everyone. Meaning it is bad for ATTORNEYS.
Almost ALL politicians are attorneys. Very few are businessmen or entrepreneurs like Trump. They make money by suing people like Trump. So, they do not like anything that possibly limits how much money an attorney can make.
Money NOT collected by government as taxes does not disappear from the Earth.
It is spent by the taxpayer on goods and services and a little is put into savings accounts in banks and other investments.
Money is the ‘fuel’ of the economy, the lubricant of the wheels of progress.
When it circulates via economic freedom, people get jobs providing those goods and services and the population flourishes.
When government gets it instead, it is squandered on needless bureaucracy, graft and waste, doing nobody any good....................
The Federal tax system is the way the government gets its power.
The power to tax is the power to destroy.
They will not give up that power.................
I think most of my comment breezed past you. No IRS, no DOE maybe minimal Dept of Ed., Tariffs, strengthened industrial sector etc.
Not looking to fund the Gv’t on Tesla or big mac sales. It’s a gestalt with lowered spending, tariffs, small VAT, increased industrial base.
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