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re: How would the total elimination of federal income taxes change your life ?
Posted on 1/20/25 at 10:06 pm to jclem11
Posted on 1/20/25 at 10:06 pm to jclem11
quote:
Well the price of everything you will buy will go up 20 to 30 percent.
If that took the place of income tax, I would definitely save money.
1
Posted on 1/20/25 at 10:08 pm to jclem11
quote:
jclem11
Aren’t you the same tard that claimed that Trump reducing the size and scope of federal government was dictatorial?
Why should we take you serious?
Posted on 1/20/25 at 10:08 pm to Drizzt
1000%
Posted on 1/20/25 at 10:09 pm to SlowFlowPro
quote:
If enough people like you "sat it out", they'd just raise the tariffs to a point where you would ultimately pay.
Yeah?
With all voters on the hook for the tax increase, instead of less than half the population as it is now?
See, this is why the idiot upthread just a ways is so stupid.
Even if the math works out exactly the same, there are still big differences.
What politician is going to go on record voting to raise taxes on everyone?
None of them will even deal with Social Security/Medicare even though it is patently obviously unsustainable because they fear the voters.
Posted on 1/20/25 at 10:15 pm to BugAC
quote:
Trump reducing the size and scope of federal government was dictatorial?
I was speaking to Trump's rhetoric. Trump is not effective at working with Congress to pass legislation. Outside of TCJA, all Turmp does is eanct a shite load of EOs, which is not uncommon in modern politics.
That is not a prudent way to build a lasting legacy and effectively govern.
Given that Trump has all branches of the government and a "mandate", he should work to pass legislation to cement his agenda.
Ruling by EOs is not effective long-term. See Obama and Biden for recent examples.
Posted on 1/20/25 at 10:16 pm to wackatimesthree
quote:
With all voters on the hook for the tax increase, instead of less than half the population as it is now?
You want to tax the frick out of grandam and grandpa surviving on $19K in SS benefits?
How is that "fair"?
Posted on 1/20/25 at 10:20 pm to dcbl
Loading Twitter/X Embed...
If tweet fails to load, click here. TLDR:
$30k more each year for avg Americans, plus an additional 5% more economic growth. Your kids 3x richer than you on average as a result.
This post was edited on 1/20/25 at 10:28 pm
Posted on 1/20/25 at 10:22 pm to jclem11
quote:
You want to tax the frick out of grandam and grandpa surviving on $19K in SS benefits?
How is that "fair"?
No, I want to tax them as little as possible.
And I want them taxed the same as everyone else.
If you can't read the sentence above and answer your own question, exactly what is your definition of the word "fair?"
Posted on 1/20/25 at 10:23 pm to SlowFlowPro
quote:key word, TARRIF
If enough people like you "sat it out", they'd just raise the tariffs to a point where you would ultimately pay.
which, according to the Constitution, is supposed to be how the federal government raises money
Posted on 1/20/25 at 10:23 pm to Kjnstkmn
quote:
How would the total elimination of federal income taxes change your life ?
I would smile, knowing the warmongers, the GOPe and the uni-party have lost. They can fund and send their own kids to their forever wars.
Posted on 1/20/25 at 10:24 pm to Kjnstkmn
Posted on 1/20/25 at 10:25 pm to wackatimesthree
quote:
With all voters on the hook for the tax increase, instead of less than half the population as it is now?
See, this is why the idiot upthread just a ways is so stupid.
Even if the math works out exactly the same, there are still big differences.
You left out an important part of my post
quote:
Poor people don't have/make enough to pay for our current spending levels
Posted on 1/20/25 at 10:26 pm to dcbl
quote:
which, according to the Constitution, is supposed to be how the federal government raises money
The income tax is part of the Constitution
Posted on 1/20/25 at 10:30 pm to SlowFlowPro
At one point so was prohibition.
Posted on 1/20/25 at 10:30 pm to wackatimesthree
quote:
No, I want to tax them as little as possible.
You sure about that? A consumption tax is a huge tax increase on the retired poor.
quote:
And I want them taxed the same as everyone else.
By enacting a large consumption tax or tariff regime which we know will have a huge negative effect on the poor.
A progressive tax regime with a higher rate at higher brackets of income is the most fair system.
if you tax the frick out of poor people you will have to enact programs to subsidize them so you have not accomplished anything.
Posted on 1/20/25 at 10:31 pm to SlowFlowPro
quote:
You left out an important part of my post
No, I didn't.
You seem to be saying that we would be dependent upon poor people to pay the freight, an idea that seems like a complete non-sequitur to me.
EVERYONE would be paying in under a consumption tax, not just poor people. What the coffers would gain from poor people would simply be on top of what everyone else contributed, and more than they contribute now.
Posted on 1/20/25 at 10:37 pm to wackatimesthree
What’s with all the consumption tax bullshite?
Poor people don’t buy goods imported from the foreign countries that would be funding our government.
They buy food and housing all of which is sourced internally and thus not affected by tariffs with the exception of maybe appliances at first before manufacturing naturally moves back to the U.S.
No one is talking about any new federal consumption tax or sales tax beyond the initial temporary effects of tariffs.
An economy that grows exponentially by this would lift all boats and reduce the poverty levels.
Poor people don’t buy goods imported from the foreign countries that would be funding our government.
They buy food and housing all of which is sourced internally and thus not affected by tariffs with the exception of maybe appliances at first before manufacturing naturally moves back to the U.S.
No one is talking about any new federal consumption tax or sales tax beyond the initial temporary effects of tariffs.
An economy that grows exponentially by this would lift all boats and reduce the poverty levels.
This post was edited on 1/20/25 at 10:40 pm
Posted on 1/20/25 at 10:39 pm to jclem11
quote:
Well the price of everything you will buy will go up 20 to 30
Explain this.
Posted on 1/20/25 at 10:40 pm to wackatimesthree
quote:
You seem to be saying that we would be dependent upon poor people to pay the freight
No. I'm saying they couldn't do this.
quote:
EVERYONE would be paying in under a consumption tax, not just poor people.
But poor people can only pay so much out of pure arithmetic. The upper middle and upper classes would still have to pay the vast majority of taxes.
Posted on 1/20/25 at 10:46 pm to SlowFlowPro
quote:absolutely, because they would buy more stuff
The upper middle and upper classes would still have to pay the vast majority of taxes.
and poor people would have more cash to buy bacon and beans
seems like a win/win
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