What I heard from several online articles and videos is that there will possibly be a 'consumption' tax where you only pay taxes on items like Yachts, boats, cars, homes, mink coats; anything expensive. This way, the taxes would be paid by only those who can afford it. Then when Trump makes revenue on the tariffs like our country once did, we should be fine after we dig ourselves out of this Deficit Hole the greedy Leftists put us in.
I see a flat tax coming.
I don't understand tax but repeal all taxes and just add flat sale tax would be great.
What I heard from several online articles and videos is that there will possibly be a 'consumption' tax where you only pay taxes on items like Yachts, boats, cars, homes, mink coats; anything expensive. This way, the taxes would be paid by only those who can afford it. Then when Trump makes revenue on the tariffs like our country once did, we should be fine after we dig ourselves out of this Deficit Hole the greedy Leftists put us in.
I remember reading once that essential goods like food and water won’t be taxed, homes that aren’t brand new won’t be taxed, same with used cars.
Only taxing when you buy them new. I think it will be the RICH who can afford to pay cash. Not sure but that's what I heard.