- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- 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
re: Getting rid of Federal Income Tax and its fallout
Posted on 1/27/26 at 1:48 pm to High C
Posted on 1/27/26 at 1:48 pm to High C
quote:
If I’m paying a $1500/month mortgage payment to Rocket Mortgage, they can foreclose for non-payment, meaning they actually own the property through lien. Why isn’t Rocket Mortgage paying the property taxes then?
if you were renting your house from rocket mortgage than they would have to pay the property taxes. if you stopped paying rent they move to evict you, just like if you stop paying your mortgage payment they would foreclose.here's the big difference you'll either pay for that house or your sell it. if you pay for it you'll get the title, if you sell you get the proceeds over and above what you owe rocket mortgage and they don't participate in those proceeds, because you're buying the house not renting.
0
Posted on 1/27/26 at 1:49 pm to SlowFlowPro
quote:
$4.1T in tariffs is not possible.
Not only could we eliminate our income tax, we could eliminate out entire National Debt.
It's so easy. All we have to do is raise tariffs to 1,000%. And it wouldn't cost us a dime because other counties pay the tariffs.
And we could probably give every Patriot a $100,000 Freedom check every month.
This post was edited on 1/27/26 at 1:51 pm
Posted on 1/27/26 at 1:51 pm to Powerman
quote:
I'd offer this solution. No federal income tax on the first 50k of individual income. This would be a tax cut for all tax payers and give more opportunity for upward mobility.
Would happily take that if they kept the percentage the same after 50k.
Posted on 1/27/26 at 1:57 pm to theballguy
quote:
Would happily take that if they kept the percentage the same after 50k.
here's the thing milt, married filing joint with two kids pay's nothing on their first 100k you want to pay more in taxes.
you understand that the standard deduction is $31,500 mfj that's $18,500 away from 50k now.
Posted on 1/27/26 at 2:01 pm to Rip Torner
Both parties have way too much of a spending problem to ever get rid of income tax. Even if tariff income becomes substantial, they will just spend more, and give themselves fat raises.
Posted on 1/27/26 at 2:05 pm to Ten Bears
quote:
All we have to do is raise tariffs to 1,000%.
frick that.
If you’re going to be a bear, be a grizzly.
I won’t settle for anything less than 10,000% and $75,000 a year from the government.
If We’re going to take that economic advice from the populists on the right, might as well follow the advice of the populists on the left and make the minimum wage $150 an hour.
Then all of our economic problems disappear.
Posted on 1/27/26 at 2:09 pm to SlowFlowPro
quote:
That's a bit kooky. It's feasible without the return.
Do you realize how many trillions of dollars would have to be returned?
Only the employee-paid portion would be returned, and it could be done incrementally. Right now, based on the charts that you’ve posted, it is crippling the budget. Just like waiting for recipients to die off, it could take years to finish shutting it down. That seems better than continuing to allow it to be the budget burden that it is currently.
Posted on 1/27/26 at 2:11 pm to Ingeniero
quote:
If you believe federal income tax can be replaced by tariffs, I've got a very large bridge to sell you.
What if half of our money is being stolen and only half, or less of the money currently collected is actually needed to run the country?
Posted on 1/27/26 at 2:15 pm to High C
quote:
Only the employee-paid portion would be returned
a. Why?
b. It would still be trillions of dollars.
quote:
Right now, based on the charts that you’ve posted, it is crippling the budget.
It's somewhat self-funded. To attack our debt, we would have to maintain the tax level and decrease benefits without any sort of refund.
That's not exactly palatable and Trump ran specifically opposed to any such plan.
But, to keep this on topic, tariffs aren't funding the new plan, and they certainly can't afford to fund the trillions in refunds.
Posted on 1/27/26 at 2:15 pm to dickkellog
quote:
the standard deduction is $31,500
Add $50k to this. Is what I'm saying.
Posted on 1/27/26 at 2:17 pm to High C
quote:
If you have a mortgage, you’re paying property tax on property that you don’t even own. Then, when you actually do own it, they will take it from you if you don’t pay property tax.
The concept of a property tax would be as onerous to the founding fathers as the income tax itself. If they can take it away from you for not paying their tribute, then you don't truly own it.
Posted on 1/27/26 at 2:21 pm to VoxDawg
quote:
The concept of a property tax would be as onerous to the founding fathers as the income tax itself.
Other than the federal property tax enacted in 1798, right?
LINK
quote:
The 1798 tax had three parts:
Dwelling houses valued at more than $100 were taxed based upon the value, with highly progressive tax rates that ranged from two-tenths of 1 percent of the value up to 1 percent of the value.
Slaveowners were taxed 50 cents for each slave between the ages of 12 and 50 who was not precluded from working as a result of permanent illness or disability.
All other real property—called simply "land"—which included dwelling houses valued at $100 or less, was taxed at a fixed percentage of the value. Each state's land tax rate was computed separately, as a residual after the amount of tax derived from the first two categories was subtracted from the quota.
Posted on 1/27/26 at 2:21 pm to dickkellog
quote:
since 63% of american's pay no income tax this would only affect the 37% of americans who do.
Just imagine if only those that paid in could vote. Just imagine if only the males who pay in could vote. We’d be so much more bad arse as a nation than we are
This post was edited on 1/27/26 at 2:26 pm
Posted on 1/27/26 at 2:24 pm to Rip Torner
The only reason I even care about immigration is because of federal income tax. In fact its the only reason I have an opinion on a whole host of issues.
You charge me tax because you say you need a certain amount of money to provide the basic necessary services to me and my American family members. Then you turn around and give it to people who arent Americans, to fraudulent daycares, to drifter European nations, etc etc
You stop taking my money and giving it to other people, and I couldnt care less whether Juan Pablo has all the right paperwork for citizenship
You charge me tax because you say you need a certain amount of money to provide the basic necessary services to me and my American family members. Then you turn around and give it to people who arent Americans, to fraudulent daycares, to drifter European nations, etc etc
You stop taking my money and giving it to other people, and I couldnt care less whether Juan Pablo has all the right paperwork for citizenship
This post was edited on 1/27/26 at 2:28 pm
Posted on 1/27/26 at 2:25 pm to Rip Torner
love hearing people in the 12% bracket give their hot take on income taxes.
Posted on 1/27/26 at 2:28 pm to GhostofJackson
quote:But then how would all our Congresspeople become multi millionaires? Income taxes arent going anywhere, if Trump talks about it too much he will get shanked by representatives of both parties. Kid yourself not, they are all grifters.
A lot of money would be made in local taxes as people spend more though. This would be great.
Posted on 1/27/26 at 2:29 pm to Rip Torner
I'm only for getting rid of Federal Income Tax if it is tied directly to an absolute requirement to balance the budget. Needs to be something that requires people to vote in every state.
Just knowing we can get rid of Federal Income Tax but the price is a balanced budget and no more borrowing... err no more unlimited spending on bullshite, programs, etc...
Put it to the vote and let people decide.
Just knowing we can get rid of Federal Income Tax but the price is a balanced budget and no more borrowing... err no more unlimited spending on bullshite, programs, etc...
Put it to the vote and let people decide.
Posted on 1/27/26 at 2:31 pm to theballguy
quote:
Add $50k to this. Is what I'm saying.
let's get into some specifics, what's your filing status and do you have kids.
if your filing status is married filing joint and you have two kids, with company provided health insurance and a 401k your not paying taxes on your first 100k right now.
returns of 100k or less pay just 3% of collected income taxes, returns of 210k or pay 70% of all collected income taxes. taxes on the middle class have never been lower in this country since the end of ww2.
Posted on 1/27/26 at 2:47 pm to Rip Torner
quote:
implementing new taxes has always been extremely difficult.
louisiana citizen love implementing new taxes. louisiana will be a guarantee yes on any new tax.
Posted on 1/27/26 at 3:32 pm to Kjnstkmn
Page 4 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News