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Started By
Message
re: President Trump is considering abolishing federal income tax
Posted on 1/22/25 at 11:29 am to Rip Torn
Posted on 1/22/25 at 11:29 am to Rip Torn
I love the little "gotcha" games you're playing, but the only way the federal income tax ever truly goes away is via constitutional amendment. Because all it will take is a Democratic majority in Congress and a Democrat in the White House to raise the federal income tax rate once again.
If you want to kill it permanently, you need to pass an amendment to repeal the 16th Amendment and then you need to have a replacement ready to go. That's what it takes to "abolish" the federal income tax. Lowering the rate to 0% doesn't abolish it.
If you want to kill it permanently, you need to pass an amendment to repeal the 16th Amendment and then you need to have a replacement ready to go. That's what it takes to "abolish" the federal income tax. Lowering the rate to 0% doesn't abolish it.
This post was edited on 1/22/25 at 11:30 am
0
Posted on 1/22/25 at 11:30 am to Seldom Seen
Yes he is, and it’s a beautiful thing.
I started a thread a couple of days ago on this wonderful change:
TD thread: How would the total elimination of federal income taxes change your life ?
Has a bunch of good validating info in it.
I started a thread a couple of days ago on this wonderful change:
TD thread: How would the total elimination of federal income taxes change your life ?
Has a bunch of good validating info in it.
Posted on 1/22/25 at 11:32 am to RollTide1987
quote:
That takes more than an executive order. That takes a constitutional amendment. While I'm sure you can get the requisite amount of states to sign off on it in a referendum, I doubt seriously it would get the two-thirds necessary in Congress to become part of the Constitution.
to revoke the government's ability to impose an income tax, yes.
however, the government is not REQUIRED to have an income tax under the Constitution
Posted on 1/22/25 at 11:36 am to Decatur
quote:
You never seem to avoid the opportunity to post anti-Semitic tropes.
Good Lord, why is this anti-Semitic? There are plenty of central bankers loyalists, in fact most, that are not Semites. It’s you that sees the Jewish religion in everything, not me.
Posted on 1/22/25 at 11:37 am to GumboPot
If this was a one-off I would not have said anything. It’s a pattern.
Posted on 1/22/25 at 11:38 am to Decatur
I missed this version of Rexcatur the last 4 years! 
Posted on 1/22/25 at 11:39 am to GumboPot
quote:
Straight up I'll take that deal all day long. frick federal government "services".
Now do the military and true infrastructure.
Posted on 1/22/25 at 11:40 am to Seldom Seen
We just print money we don't have anyway. I've never understood the 'pay your fair share' garbage. The country was founded on and existed for well over a hundred years on tariffs alone. Revenue was never the problem. Spending is the problem.
Posted on 1/22/25 at 11:41 am to Seldom Seen
Posted on 1/22/25 at 11:43 am to Bard
quote:
That's why, for it to really stick, it would need to be a repeal of the 16th Amendment.
The FairTax has the 16A repeal baked into the language of the bill as a prerequisite before it could be implemented to avoid a double whammy taxation situation.
For those unfamiliar with the plan:
Posted on 1/22/25 at 11:45 am to Decatur
quote:
If this was a one-off I would not have said anything. It’s a pattern.
I overtly try to distinguish the Semites from banking or Israeli government policy. It’s an innate conflation of the two that prevents criticism of central banking or Israeli government institutions that needs to stop.
Posted on 1/22/25 at 11:48 am to VoxDawg
Went to that website. No information on how it is revenue neutral. Care to elaborate?
Posted on 1/22/25 at 11:48 am to Rip Torn
quote:Then it's even worse, because only about 37% of people would even see at tax cut.
You do understand as our resident taxing authority that abolishing the income tax would have no impact on other taxes like SS and Medicare or a state income tax?
And you'd still need to fund those thigns. Only SS and Medicare are funded by payroll taxes, but... the government owes those funds money, because Congress has already spent it. so... yeah. None of this is happening.
Posted on 1/22/25 at 11:50 am to BCreed1
quote:
If congress lowers it to 0%, who is going to have balls to reverse that in the next congress in any meaningful way? Would be political suicide.
Democrats and RINOs. Money equals power, especially when it's used in the context of rhetoric like "you deserve more", "robber barons", "the rich need to pay their fair share", etc.
It's easy to convince the uneducated that wealth is a pie, thus if the rich have more of that pie it can only be because they've taken it from "YOU" (quotes for it being generically applied). So they need to be taxed in order to fund services which help you get ahead by reclaiming what they have (somehow) stolen from you.
A great tragedy of our education system is that the lie of this philosophy is never taught. Instead of looking at the wealthy as an example of what one can achieve and lessons on how to do so, the general lesson is that they are evil and should therefore be harshly penalized for some imagined crime. Because of that, there will always be a ready audience for such destructive rhetoric.
This post was edited on 1/22/25 at 11:51 am
Posted on 1/22/25 at 11:51 am to Seldom Seen
I love it but!!!!!!!!!!!!1
how does that not bankupt us?
makes no sense to me
but cutting spending does make sense
how does that not bankupt us?
makes no sense to me
but cutting spending does make sense
Posted on 1/22/25 at 11:52 am to tiger789
quote:
be nice if it takes effect before april 15th !
File an extension to give them 6 more months
Posted on 1/22/25 at 11:56 am to Seldom Seen
He has no intentions to reduce the federal deficit
Posted on 1/22/25 at 11:57 am to Seldom Seen
The only problem with a quick abolishing of the federal income tax is the debt.
The federal income tax accounts for ~48% of all federal receipts. As it is now, we can theoretically start paying down the debt if Congress were to cut its budget by ~30% (the more spending cut, the more which could be applied to the debt). We've already seen that for the last 20+ years Congress will giddily increase spending regardless of how much more comes into the federal coffers rather than hold spending in check then use that surplus for debt discharge.
Cutting 48% of receipts before getting the debt paid down would basically be putting a bullet through the head of the USD as we would instantly go from being theoretically able to pay down the debt to not even being able to service it.
This is why we need a balanced budget Amendment prior to revoking the 16th.
The federal income tax accounts for ~48% of all federal receipts. As it is now, we can theoretically start paying down the debt if Congress were to cut its budget by ~30% (the more spending cut, the more which could be applied to the debt). We've already seen that for the last 20+ years Congress will giddily increase spending regardless of how much more comes into the federal coffers rather than hold spending in check then use that surplus for debt discharge.
Cutting 48% of receipts before getting the debt paid down would basically be putting a bullet through the head of the USD as we would instantly go from being theoretically able to pay down the debt to not even being able to service it.
This is why we need a balanced budget Amendment prior to revoking the 16th.
Posted on 1/22/25 at 11:58 am to udtiger
quote:
to revoke the government's ability to impose an income tax, yes.
however, the government is not REQUIRED to have an income tax under the Constitution
Unfortunately an amendment is the only way to prevent it from coming back.
Posted on 1/22/25 at 11:59 am to ApexTiger
Where do you cut:
Social Security, Healthcare, Defense, Interest on Debt account for 76% of spending.
VA benefits count for 6%.
Social Security, Healthcare, Defense, Interest on Debt account for 76% of spending.
VA benefits count for 6%.
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