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re: If Trump ends income taxes for those under $200k per year..
Posted on 4/28/25 at 7:38 am to SaintsReportExile
Posted on 4/28/25 at 7:38 am to SaintsReportExile
Income taxes are immoral and patently unfair. Our system that carved out people from paying is even more unfair
Consumption taxation is the fairest of all taxes and it suits the US consumption culture.
Consumption taxation is the fairest of all taxes and it suits the US consumption culture.
1
Posted on 4/28/25 at 7:43 am to SDVTiger
quote:
Yet does nothing but cry and vote with Dems
What a winner. Why hasnt he taken the reigns as speaker?
Because no one in Congress other than him wants to cut spending, or balance the budget, or pay off debt, or avoid an economic collapse.
Between 1992 and 2009, former Georgia Congressman John Linder was the only person in Congress saying "we have to let the market determine who can afford a house. Giving away free money will lead to an economic collapse".
Posted on 4/28/25 at 7:45 am to OccamsStubble
Then why doesnt he man up and run for speaker so he can do something other than crying
Yet hes so noble. All he does is play a role just like Rand Cuck Paul
Yet hes so noble. All he does is play a role just like Rand Cuck Paul
Posted on 4/28/25 at 7:51 am to Penrod
Why can’t we take taxes and put them into a SWF? Seems the only way to save SSI
Posted on 4/28/25 at 7:55 am to SDVTiger
quote:
Then why doesnt he man up and run for speaker so he can do something other than crying
Because no one in Congress other than him wants to cut spending, or balance the budget, or pay off debt, or avoid an economic collapse.
Posted on 4/28/25 at 7:56 am to OccamsStubble
Got it so hes basically worthless and a lightweight like Orange said
Hes just their to complain and collect a check. Glad we agree
Hes just their to complain and collect a check. Glad we agree
This post was edited on 4/28/25 at 7:57 am
Posted on 4/28/25 at 7:59 am to OccamsStubble
quote:
Because no one in Congress other than him wants to cut spending, or balance the budget, or pay off debt, or avoid an economic collapse.
That’s why he always votes against his party or abstains. I’ve never seen bills by him to cut or him get in front of a budget. Keep sucking him off though
Posted on 4/28/25 at 8:05 am to momentoftruth87
quote:
That’s why he always votes against his party or abstains. I’ve never seen bills by him to cut or him get in front of a budget. Keep sucking him off though
I have a sneaking suspicion that if Trump said "everyone, even people who only earn only $1000 per year, should have to pay some measure of income tax", they you would agree with him and violently defend his position. I also have a sneaking suspicion that if he said "I would like to have sex with your bird dog", that you would hold her down.
Posted on 4/28/25 at 8:06 am to Stumpknocker
quote:
Glad I’m not a CPA.
There are many flavors of accounting and there is a zero percent change that income taxes are eliminated.
There is $36 trillion debt and $1 trillion plus deficit. The tariff revenues will never make up for the revenue from income taxes.
I thought MAGA were debt and deficit hawks? lmao.
Yet another brain-dead policy from the unserious MAGA folks.
Posted on 4/28/25 at 8:15 am to SlidellCajun
quote:
Our system that carved out people from paying is even more unfair
How is a family living in poverty supposed to pay taxes?
quote:
Consumption taxation is the fairest of all taxes
You have a skewed understanding of fair.
Consumption taxes are the most regressive of all taxes and shift the tax burden to the lower income tiers and trap them in their station in life as you are taking more of their income in taxes as they consume more.
Just rip the mask off and say you hate poor people. Just be honest about it and own it.
Posted on 4/28/25 at 8:16 am to jclem11
quote:
I thought MAGA were debt and deficit hawks? lmao.
Yet another brain-dead policy from the unserious MAGA folks.
From a poster who thinks men can get pregnant
Posted on 4/28/25 at 8:17 am to riccoar
quote:
If Trump had cooperation on tariffs, DOGE, and setting the Income Tax this Nation could reign a bunch of debt in quickly.
I disagree. I’m a big fan of DOGE, but the upper limit of what we can expect from DOGE is probably about half a trillion per year. Remember that some of the DOGE savings thus far has been asset sales, which is a one year deal. Tariffs can never bring in much money except in their first year or two, because as soon as possible new supply chains will avoid them. So maybe you can get $100 billion per year from tariffs after the first couple of years.
So maybe all of that gets you within striking distance of growing out of the annual deficit. That still leaves the debt intact.
Posted on 4/28/25 at 8:20 am to j1897
quote:
I thought he wanted to shrink the deficit.
NARRATOR: "What this Arkansas fan does not realize is that by current reckoning, any income earned by taxpayers that they are allowed to keep and is not subject to income tax withholding is automatically counted against the federal deficit."
Posted on 4/28/25 at 8:35 am to PetroAg
quote:
Unless everyone’s first $200k isn’t taxed, that would be fine
That's how taxes work now. Your first 11.6k is taxed at 10%, 11.6k-47.15k is taxed at 12%, 47.15k -100.525k is taxed at 22%, etc. Being in a higher tax bracket doesn't mean your entire income is taxed at the highest rate.
My entire adult life I've heard people claim that they got a raise at work and now take home less because they're now in a higher tax bracket and it simply isn't true.
Posted on 4/28/25 at 10:51 am to jclem11
quote:
taxes are the most regressive of all taxes and shift the tax burden to the lower income tiers and trap them in their station in life as you are taking more of their income in taxes as they consume more. Just rip the mask off and say you hate poor people. Just be honest about it and own it.
I don’t hate poor people. I just realize that there will always be poor people and rigging a tax system to benefit them doesn’t make them wealthy.
I would much rather celebrate and encourage wealth and production by giving tax incentive.
And fwiw- under no condition is it “Fair” for an anyone to take what you’ve earned even if it’s cloaked as a government.
Posted on 4/28/25 at 10:53 am to dafif
quote:
Isnt it essentially that anyone under 100,000 isnt paying any taxes anyway...
....no....
Posted on 4/28/25 at 12:02 pm to SaintsReportExile
While it sounds great in principal, I think this is a bad move.
EVERYONE needs to have skin in the game. Even those on the bottom, should somehow pay taxes and not be able to pass on ALL of the tax burden to someone else. Because, if they can, then they will increase spending and just vote in other people paying taxes for which they have no obligation.
EVERYONE needs to have skin in the game. Even those on the bottom, should somehow pay taxes and not be able to pass on ALL of the tax burden to someone else. Because, if they can, then they will increase spending and just vote in other people paying taxes for which they have no obligation.
Posted on 4/28/25 at 12:29 pm to SaintsReportExile
quote:
If Trump ends income taxes for those under $200k per year..
quote:
You will see this magical moment where the left and democrats will be upset that the bottom 88% of income earners in American will not be paying taxes.
Undercutting tax revenue while running massive deficits to own da libs?
If we're serious about balancing the budget, we will have to cut programs and raise taxes. Any argument beside that w/r/t deficits and public debt is fairy tale fantasies that hang with the best of the left's.
Posted on 4/28/25 at 12:32 pm to dafif
quote:
Isnt it essentially that anyone under 100,000 isnt paying any taxes anyway...
A tax return does not mean you get all your taxes back, it means the government over taxed you relative to credits you were able to claim at the end of the tax year. I can guarantee you when I was starting my career, I noticed the taxes being deducted acutely and what I got back in the first few months of the following year wasn't making me whole again.
This post was edited on 4/28/25 at 12:33 pm
Posted on 4/28/25 at 2:10 pm to SlidellCajun
quote:
I don’t hate poor people.
Yet you advocate for the most regressive form of taxation - consumption taxes - which distortionally affect poor folks.
quote:
I just realize that there will always be poor people and rigging a tax system to benefit them doesn’t make them wealthy.
The poor can barely afford to survive on their meager incomes...how does slapping a larger consumption tax on them help to "make them wealthy"?
quote:
I would much rather celebrate and encourage wealth and production by giving tax incentive.
So tax cuts for the wealthy and ownership class who already own most of the wealth in America? Your statement is a vague, meaningless platitude.
quote:
under no condition is it “Fair” for an anyone to take what you’ve earned even if it’s cloaked as a government.
Taxes are the price to pay for living in an organized society. Most folks don't want to live in your lolbertarian fantasy world.
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