I wonder that too. If we had a Constitutional Republic, there would be almost no expenses, and what there was (mostly national defense) could be covered by tariffs.
I don’t remember who it was but someone said that to eliminate the income tax completely in favor of tariffs we would have to charge other countries 75%. Off course that’s based on the current us budget. Perhaps with Doge we can get it down to 50% but that’s still pretty high and very unlikely to succeed. POTUS always talks a big game to excite us but it doesn’t always work out the way we hope. Still I’m sure he has a plan and many of the things he has done already will bring the country more wealth.
I don’t mind the rich paying it back. Someone who has millions or billions in the bank probably should contribute more back to the country where they build that wealth. Idk I may be bias on this being low income myself. No tax for the low and middle class who are just trying their best to survive seems fair imo. $150,000 may be a bit low in today’s economy, especially if it’s per household, although my husband and I don’t even make half of that and barely surviving in California - just living it day to day with faith in the Lord that we will make it to the next 🙏
We should not follow the communist slogan: "From each according to his means, to each according to his needs."
That only leads to bloodshed via continual stealing of more and more money.
That's actually what you are endorsing, whether you know it or not.
How about we fund the federal government the EXACT SAME WAY the founders did in the beginning?
They had small tariffs and excises, but they relied largely on the apportionment clause of the Constitution.
In today's world, if the feds say they "need" $7 trillion for the federal budget, they write it up as a tax bill, and send it to the states, according to apportionment.
If California has 10% of the population, then California would get a bill from the feds for $700 billion (10% of $7 trillion).
If they refuse, then the feds take over the offices of the state government, since the state government would then be in violation of the Constitution by not upholding a republican form of government.
If California has 35 million people, and the bill is $700 billion, then every man, woman, and child would be responsible for paying $20,000 (family of 4 pays $80,000) for THAT YEAR ALONE.
This drives home just how out of control the federal government is.
We would revolt and refuse to pay, and we would be looking for the heads of the government employees who did this to us.
Each state would have options on how to tax its people -- an income tax, property tax, sales tax, capitation (per person) tax, or only those over the voting age, or however they wanted to do it.
But this is really the only HONEST method of taxation -- which is why it is in the Constitution -- and would cause the federal government to self-regulate back to only its constitutional limitations.
I k ow guys who have everything paid for by the companies they own amd the company writes it off as an expense. Houses, cars, food, utilities etc
The 150k they take home is play money. .
I wonder if that means household. And also why that number? Why make anyone pay taxes at all?
I wonder that too. If we had a Constitutional Republic, there would be almost no expenses, and what there was (mostly national defense) could be covered by tariffs.
Gotta start somewhere. People making 150k often have very good tax mitigation strategies and can pay little tax.
No tax period. Wtf!
Right.
Constantly changing the goal posts and flip-flopping (tariffs, for example).
Not a good look.
But Trump and Lutnick should have known this from before the election.
Almost all of the federal government's revenue comes from income/payroll/corporate taxes.
It's over 90%.
So ... what is their plan for "no income tax" or "getting rid of the IRS?"
They don't have one.
So, next best is to change the story line.
Trump couldn't even deal with an honest budget proposal, that he KNEW even before coming into office needed to get done by March.
He has done some great things -- closing the border being the most important.
BUT ... this flip-flop bullshit ... not a good look.
I don’t remember who it was but someone said that to eliminate the income tax completely in favor of tariffs we would have to charge other countries 75%. Off course that’s based on the current us budget. Perhaps with Doge we can get it down to 50% but that’s still pretty high and very unlikely to succeed. POTUS always talks a big game to excite us but it doesn’t always work out the way we hope. Still I’m sure he has a plan and many of the things he has done already will bring the country more wealth.
Yes. We have paid enough.
He has backed off from saying we will eliminate the income tax to now saying we will "adjust the brackets."
This is going in the wrong direction.
I don’t mind the rich paying it back. Someone who has millions or billions in the bank probably should contribute more back to the country where they build that wealth. Idk I may be bias on this being low income myself. No tax for the low and middle class who are just trying their best to survive seems fair imo. $150,000 may be a bit low in today’s economy, especially if it’s per household, although my husband and I don’t even make half of that and barely surviving in California - just living it day to day with faith in the Lord that we will make it to the next 🙏
The rich already pay the vast majority of taxes.
We should not follow the communist slogan: "From each according to his means, to each according to his needs."
That only leads to bloodshed via continual stealing of more and more money.
That's actually what you are endorsing, whether you know it or not.
How about we fund the federal government the EXACT SAME WAY the founders did in the beginning?
They had small tariffs and excises, but they relied largely on the apportionment clause of the Constitution.
In today's world, if the feds say they "need" $7 trillion for the federal budget, they write it up as a tax bill, and send it to the states, according to apportionment.
If California has 10% of the population, then California would get a bill from the feds for $700 billion (10% of $7 trillion).
If they refuse, then the feds take over the offices of the state government, since the state government would then be in violation of the Constitution by not upholding a republican form of government.
If California has 35 million people, and the bill is $700 billion, then every man, woman, and child would be responsible for paying $20,000 (family of 4 pays $80,000) for THAT YEAR ALONE.
This drives home just how out of control the federal government is.
We would revolt and refuse to pay, and we would be looking for the heads of the government employees who did this to us.
Each state would have options on how to tax its people -- an income tax, property tax, sales tax, capitation (per person) tax, or only those over the voting age, or however they wanted to do it.
But this is really the only HONEST method of taxation -- which is why it is in the Constitution -- and would cause the federal government to self-regulate back to only its constitutional limitations.
I k ow guys who have everything paid for by the companies they own amd the company writes it off as an expense. Houses, cars, food, utilities etc The 150k they take home is play money. .
So what?