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Secretary Howard Lutnick "Trump wants to work towards No Tax on 150K or less

Posted on 3/12/25 at 9:02 pm
Posted by BCreed1
Alabama
Member since Jan 2024
5315 posts
Posted on 3/12/25 at 9:02 pm
Posted by Tuscaloosa
12x Award Winning SECRant user
Member since Dec 2011
49297 posts
Posted on 3/12/25 at 9:18 pm to
Great interview from Lutnick there. Messaging is so important, and he did a nice job framing Trump’s goals.
Posted by Taxing Authority
Houston
Member since Feb 2010
60793 posts
Posted on 3/12/25 at 9:19 pm to
quote:

Secretary Howard Lutnick "Trump wants to work towards No Tax on 150K or less

It's a start.

Holy f*ck this is stupid.
Posted by The Eric
Member since Sep 2008
22743 posts
Posted on 3/12/25 at 9:19 pm to
Is that for individuals or for married.

If for individuals I see a lot of married couples filing separately
Posted by Who_Dat_Tiger
Member since Nov 2015
22544 posts
Posted on 3/12/25 at 9:20 pm to
Oooh the tax the rich crowd are going to find a way to fume about this
Posted by oklahogjr
Gold Membership
Member since Jan 2010
39573 posts
Posted on 3/12/25 at 9:21 pm to
I mean getting the first 150k free would help me out. Wonder how he plans to offset that revenue loss and still balance the budget....
Posted by AuburnTigers
Member since Aug 2013
14504 posts
Posted on 3/12/25 at 9:22 pm to
quote:

Taxing Authority
You're fired
Posted by Taxing Authority
Houston
Member since Feb 2010
60793 posts
Posted on 3/12/25 at 9:22 pm to
quote:

plans to offset that revenue loss and still balance the budget....
this has never existed afict.
Posted by Harry Boutte
Louisiana
Member since Oct 2024
2106 posts
Posted on 3/12/25 at 9:22 pm to
What happened to having skin in the game?
Posted by TerryDawg03
The Deep South
Member since Dec 2012
17206 posts
Posted on 3/12/25 at 9:23 pm to
Love the idea. They need to figure out how to offset the lower tax revenues with spending cuts while they also try to balance the budget. The only way this works is if we're a net exporter, so the trade balance also needs to be fixed.

We need to make and sell more than we buy from others. Simple math, helluva tough problem.

If anyone can do it, Trump can. Tall order. Here's hoping.
Posted by Taxing Authority
Houston
Member since Feb 2010
60793 posts
Posted on 3/12/25 at 9:24 pm to
quote:

You're fired
? I had nothing to do with that stupidity. No i believe that has a chance in hell of actually happening (this is a planned distraction, for those playing at home). And if by some miracle it did happen, we’re finished, and would likely see treasuries soar.
Posted by Taxing Authority
Houston
Member since Feb 2010
60793 posts
Posted on 3/12/25 at 9:25 pm to
quote:

We need to make and sell more than we buy from others. Simple math, helluva tough problem.

If anyone can do it, Trump can. Tall order. Here's hoping.
Posted by AuburnTigers
Member since Aug 2013
14504 posts
Posted on 3/12/25 at 9:26 pm to
quote:

I had nothing to do with that stupidity. No i believe that has a chance in hell of actually happening (this is a planned distraction, for those playing at home). And if by some miracle it did happen, we’re finished, and would likely see treasuries soar.
Take your fear mongering elsewhere TAXMAN!


Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
107238 posts
Posted on 3/12/25 at 9:26 pm to
Would that eliminate some customers for you?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
87877 posts
Posted on 3/12/25 at 9:27 pm to
quote:

Holy f*ck this is stupid


Why is it stupid?
Posted by Lieutenant Dan
Euthanasia, USA
Member since Jan 2009
8001 posts
Posted on 3/12/25 at 9:30 pm to
quote:

Holy f*ck this is stupid.


quote:

Taxing Authority




Checks out
Posted by momentoftruth87
Your mom
Member since Oct 2013
84737 posts
Posted on 3/12/25 at 9:32 pm to
quote:

Why is it stupid?


He has no idea other than because Trump is proposing it.
Posted by MemphisGuy
Germantown, TN
Member since Nov 2023
10917 posts
Posted on 3/12/25 at 9:33 pm to
quote:

Secretary Howard Lutnick "Trump wants to work towards No Tax on 150K or less


I'll take... "Things that will never happen" for 1,000, Alex.
Posted by Chingon Ag
Member since Nov 2018
3480 posts
Posted on 3/12/25 at 9:33 pm to
This does nothing but add more freeloaders to the system. Unless we are completely doing away with federal income tax or going to a flat/fair tax, this is crap.
Posted by Tuscaloosa
12x Award Winning SECRant user
Member since Dec 2011
49297 posts
Posted on 3/12/25 at 9:34 pm to
quote:

And if by some miracle it did happen, we’re finished


Lutnick addressed this mindset in the interview you didn’t watch. Stockholm syndrome.
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