Trump tax plans could exempt 93 million Americans from income taxes
Former President Donald Trump’s tax reform ideas could offer total or partial income tax exemptions to roughly 93.2 million Americans, a meaningful chunk of the U.S. electorate, according to CNBC’s analysis of several estimates.
As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income tax breaks.
So far, the Republican presidential nominee has officially proposed eliminating income tax on tips and Social Security benefits, along with overtime pay. And last week, in an interview on the sports media site OutKick, Trump said he would consider tax exemptions for firefighters, police officers, military personnel and veterans.
Published Mon, Oct 21 2024 2:27 PM EDT
https://www.cnbc.com/2024/10/12/trumps-tax-cuts-expire-after-2025.html
Oct 21, 2024, 8:01 PM
The only way this works is IF, and in the current DC climate that's a very big IF, we go back to import/export tariffs with a precious metals backed currency funding the U.S. and State level govts. I could be mistaken, but I doubt this gets passed in the next 4 1/2 yrs.
Plus fire 90 percent of federal workers. And close down all the bullshit alphabet agencies. Chief being EPA.
MAKE CFC'S GREAT AGAIN
If you get rid of the fed reserve, it's immediately fixed
DOGE incoming!
Department of Governmental Efficiency.
Elon!
Frodo, put away the 'Party Tent' 🥲
D̶o̶r̶f̶ Fredo goes fishing...
I think you’re mistaken.
Import tariffs are a big part of the Trump agenda.
We could do it if we cut spending back to Constitutional limits.