- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
2
Posted on 4/27/25 at 5:56 pm to Lexis Dad
I guess the no tax on overtime went out too?
Thats where I make my money.
Thats where I make my money.
Posted on 4/27/25 at 6:21 pm to NIH
quote:
Our government is pretty analogous to the 1913 government as well
I know you’re being sarcastic. But, you’re thinking in the wrong way. Instead of thinking how this won’t work because our government is so much bigger and spends so much more than it did before 1913 when it was funded mostly by tariffs, we should be looking to shrinking the federal government, along with its spending, to where it can once again function on the money it collects in tariffs and abolish the constitutional abomination that is federal income taxes.
Posted on 4/27/25 at 6:23 pm to Sunnyvale
he’s been in office 4 months. cool your Dad bod tits
Posted on 4/27/25 at 6:24 pm to Skenes
He’s tripling down on this tariff shitstorm debacle?
Posted on 4/27/25 at 6:58 pm to HagaDaga
quote:
A flat % set tax for all, and get people off the govt cheese is the best for society long term imo.
I don’t want my taxes to go up, but you do you
Posted on 4/27/25 at 7:02 pm to biglego
That’s what they get for charging for paper clips and 30 second phone calls
Posted on 4/27/25 at 8:03 pm to Skenes
People need skin in the game. Come up with a different plan.
Posted on 4/27/25 at 9:41 pm to Volvagia
quote:
Also, you won’t like how high that rate would have to be. As much as the talking point of the rich paying their fair share is used, they really do pay the overwhelming majority of taxes.
BINGO!
Posted on 4/27/25 at 10:22 pm to Skenes
Mississippi just passed legislation to eliminate the state income tax. If federal income tax were to be eliminated as well, there would basically be no income taxes to run the government. In that instance I would have to predict ungodly sales taxes, property taxes and vehicle taxes.
That will never happen.
That will never happen.
Posted on 4/27/25 at 10:25 pm to Skenes
This is going to happen on the day after Trump gets Mexico to pay for his border wall.
Posted on 4/27/25 at 10:26 pm to Skenes
How can this lead to a balanced budget?
Posted on 4/27/25 at 11:05 pm to Mingo Was His NameO
quote:
I don’t want my taxes to go up, but you do you
The problem that many advocates of a flat tax don't take into account is the group that pays the most taxes now spend the lowest percentage of their income on taxable goods and services. It will be highly regressive and I expect the average households up to at least $500k in income will be paying more federal tax because the HNWIs and UHNWIs will mostly be paying significantly less because they spend less of their disposable income.
Posted on 4/28/25 at 6:11 am to biglego
quote:
Would be a lot of unemployed CPAs
People that make under $200k aren’t exactly the most profitable clients.
Posted on 4/28/25 at 6:17 am to theunknownknight
We’re fricked either way.
Posted on 4/28/25 at 6:18 am to Skenes
Thread title says “eliminate” income tax, but the article says “help reduce” income tax.
These are extremely different scenarios.
These are extremely different scenarios.
This post was edited on 4/28/25 at 6:19 am
Posted on 4/28/25 at 6:18 am to Lexis Dad
More bullshite that will never happen.
Posted on 4/28/25 at 7:29 am to Skenes
Is there anyone other than those in fast food making less than $200K a year?
Posted on 4/28/25 at 7:43 am to Skenes
So some of the tariffs are or will be as high as 45%. A household of 4 earning $200K a year probably pays somewhere in the neighborhood of $25k in federal income tax. If they save about 5% for retirement they are probably spending about 50% of their income after retirement savings or somewhere in the neighborhood of $95K. Tariffs averaging on that $95K in spending will be around $19K and the inflation / unemployment / and increase in federal debt will make further diminish their income....so they save $6k in taxes and spend $10k or so to do so.....
And of course that would mean that they actually eliminated their entire federal tax burden...ain't gonna happen LOL but its a nice thought....
And of course that would mean that they actually eliminated their entire federal tax burden...ain't gonna happen LOL but its a nice thought....
Page 2 of 3
Back to top
Follow TigerDroppings for LSU Football News