President of the FEDERAL government has NO POWER to eliminate STATE property taxes.
I am in favor of the smallest government possible, whatever that is.
But ANY government needs funding.
Possible sources of funding:
Income tax (the worst type of funding; most people don't owe it, anyway, but are deceived into thinking they do)
Property tax - at least, this money goes mostly to local government; the problem is, local governments THINK they have to do what the feds tell them, so it doesn't matter so much that it is local, if they think they have to do what the feds say
Sales tax - one of the best ways to tax for state/local, since people who consume more, pay more
Tariffs - foreign trade, so only applies to feds, but the best tax for them, especially as it can level the playing field (but is completely unlevel right now)
Direct tax - each person (or each adult) pays an equal amount; if equality is the buzzword, then this SHOULD be the preferred method, but of course communists do not want the People to realize that they would each have to pay $20,000 per year PER PERSON (family of 4 = $80,000 per year) just to pay for the federal budget, not counting state or local
Constitutional apportionment tax - this is the only way the feds could implement a direct tax; they did it a few times in the first decade or so of the Constitution, but not since, because it would result in the above, or something very similar
Today, the federal budget is MOSTLY borrowing fake money from the Federal Reserve, and a big slice of state/local budgets is getting "free gibs" from the feds.
The whole thing is a clusterfuck.
There is an old saying: The art of taxation is to pluck the most feathers from the goose, with the least amount of hissing.
You are correct, the president cannot do anything about state taxes. But Donald Trump has this way about him where he gets people to do things...
He will have so much popular support in the future that I believe most state governments will bow to his "suggestions" for fear of being branded losers.
In the future there will be sales tax.
There will be taxes on corporations.
There will be no filing of income taxes.
There will be no tax on inheritance.
As i see it, trump will eliminate income tax, causing the last remnants of the cabal to spike property taxes, thereby waking people up to their corrupt locals and changing property laws on the state level
And with all of that, they STILL have a $2 TRILLION PER YEAR budget DEFICIT.
Let's break this down to what similar numbers would look like for an individual.
Total income: $40,000 per year ($4 trillion total fed gov't revenue)
Total expenses: $60,000 per year ($6 trillion fed gov't spending)
You have to borrow: $20,000 per year to make ends meet ($2 trillion fed deficit)
Now, you decide you will quit working and live on only your investment income.
Your job income is 93% of your $40,000, and your investment income is 7%.
So, now you have:
$2,800 per year income, but a
$60,000 per year spending habit
How do you balance these out?
Remember: You are also IN DEBT $350,000 ($35 trillion fed gov't total debt), and have maybe $2,000,000 in unfunded liabilities -- debts you WILL have, some day ($200 trillion fed gov't unfunded liabilities -- that they will admit to; it's probably much more).
So, how do you clean all that up on $2,800 per year?
According to the bureau of economic analysis: "The average personal consumption expenditures (PCE) ("goods and services") per capita in the US in 2023 was $55,400."
A 5% federal tax on goods and services ("sales tax") would make up your hypothetical $2800 a year per person.
Since this would make up for the differences according to your numbers, no one would need to pay income tax.
This is before the massive savings on government spending brought about by Elon musk running the "government efficiency board" like an absolute boss.
The American people have been grifted to hell. When that comes to an end, and the economy is roaring like it never has before, 5% sales tax is not going to be a big deal.
It's doable and it's going to happen.
President of the FEDERAL government has NO POWER to eliminate STATE property taxes.
I am in favor of the smallest government possible, whatever that is.
But ANY government needs funding.
Possible sources of funding:
Income tax (the worst type of funding; most people don't owe it, anyway, but are deceived into thinking they do)
Property tax - at least, this money goes mostly to local government; the problem is, local governments THINK they have to do what the feds tell them, so it doesn't matter so much that it is local, if they think they have to do what the feds say
Sales tax - one of the best ways to tax for state/local, since people who consume more, pay more
Tariffs - foreign trade, so only applies to feds, but the best tax for them, especially as it can level the playing field (but is completely unlevel right now)
Direct tax - each person (or each adult) pays an equal amount; if equality is the buzzword, then this SHOULD be the preferred method, but of course communists do not want the People to realize that they would each have to pay $20,000 per year PER PERSON (family of 4 = $80,000 per year) just to pay for the federal budget, not counting state or local
Constitutional apportionment tax - this is the only way the feds could implement a direct tax; they did it a few times in the first decade or so of the Constitution, but not since, because it would result in the above, or something very similar
Today, the federal budget is MOSTLY borrowing fake money from the Federal Reserve, and a big slice of state/local budgets is getting "free gibs" from the feds.
The whole thing is a clusterfuck.
There is an old saying: The art of taxation is to pluck the most feathers from the goose, with the least amount of hissing.
You are correct, the president cannot do anything about state taxes. But Donald Trump has this way about him where he gets people to do things...
He will have so much popular support in the future that I believe most state governments will bow to his "suggestions" for fear of being branded losers.
In the future there will be sales tax.
There will be taxes on corporations.
There will be no filing of income taxes.
There will be no tax on inheritance.
As i see it, trump will eliminate income tax, causing the last remnants of the cabal to spike property taxes, thereby waking people up to their corrupt locals and changing property laws on the state level
Let's consider that.
Right now, the federal budget has revenues from these sources:
That's 93% of all revenue coming into the federal governent from "income taxes" (these are all based on "income," no matter what they are called).
The other 7% is from
https://www.taxpolicycenter.org/briefing-book/what-are-sources-revenue-federal-government
And with all of that, they STILL have a $2 TRILLION PER YEAR budget DEFICIT.
Let's break this down to what similar numbers would look like for an individual.
Now, you decide you will quit working and live on only your investment income.
Your job income is 93% of your $40,000, and your investment income is 7%.
So, now you have:
How do you balance these out?
Remember: You are also IN DEBT $350,000 ($35 trillion fed gov't total debt), and have maybe $2,000,000 in unfunded liabilities -- debts you WILL have, some day ($200 trillion fed gov't unfunded liabilities -- that they will admit to; it's probably much more).
So, how do you clean all that up on $2,800 per year?
See the problem?
Without checking any of your numbers...
According to the bureau of economic analysis: "The average personal consumption expenditures (PCE) ("goods and services") per capita in the US in 2023 was $55,400."
A 5% federal tax on goods and services ("sales tax") would make up your hypothetical $2800 a year per person.
Since this would make up for the differences according to your numbers, no one would need to pay income tax.
This is before the massive savings on government spending brought about by Elon musk running the "government efficiency board" like an absolute boss.
The American people have been grifted to hell. When that comes to an end, and the economy is roaring like it never has before, 5% sales tax is not going to be a big deal.
It's doable and it's going to happen.