- 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: Secretary Howard Lutnick "Trump wants to work towards No Tax on 150K or less
Posted on 3/12/25 at 10:36 pm to Rohan Gravy
Posted on 3/12/25 at 10:36 pm to Rohan Gravy
quote:That tax cohort pays like 35% of income taxes. Your fantasies are stupid.
Holy f*ck you’re stupid.
1
Posted on 3/12/25 at 10:38 pm to BCreed1
I guess this is an interesting idea but my preference is to eliminate income taxes all together. It has never made any sense to me why we tax income rather than consumption. Although I guess nowadays we do both but taxing income is and always has been stupid
Posted on 3/12/25 at 10:45 pm to TerryDawg03
quote:
We need to make and sell more than we buy from others. Simple math, helluva tough problem. If anyone can do it, Trump can. Tall order. Here's hoping.
At a certain point in time it will be on Americans.
Americans have to be willing to work.
Lumber can have a huge resurgence. Steel can. Automotive. Automotive maintenance. Oil and gas. Hvac. Construction. Electrical. Machining. Service industry. Nuclear energy. Shipbuilding.
Trump is clearly betting on the American working man strapping on their boots and getting to work.
If we embrace it, we can offset the tax cuts easily if we turn our 1.7T worldwide trade deficit more into our favor and that is being done with tariffs.
Posted on 3/12/25 at 10:46 pm to DisplacedBuckeye
quote:
It's fricking stupid.
Why is it stupid? Your buddy wouldnt answer
quote:
He has no idea other than because Trump is proposing it.
Exacrly.
if a certain someone proposed this it would be the most conservative thing ever done! Posted on 3/12/25 at 10:48 pm to SDVTiger
quote:It's stupid because math. Grover Norquist fantasies about 0 taxes are stupid.
Why is it stupid? Your buddy wouldnt answer
Posted on 3/12/25 at 10:49 pm to SDVTiger
quote:
Why is it stupid?
Because it's a revenue killer. All income above 150 would have to be taxed at an absurd clip to balance the revenue losses. I don't even know if it could work at 90 percent tax rate above 150K
Posted on 3/12/25 at 10:51 pm to Big Scrub TX
quote:
It's stupid because math. Grover Norquist fantasies about 0 taxes are stupid
I'm not supporting zero taxes but I do think we need to move away from income taxes. It's never made any sense that we use income tax as a primary source. Heck if for no other reason because we have a bunch of politicians who always scream about raising income taxes to go after the rich. The rich don't fricking have a bunch of income! Every time our government decides to attack the rich using income taxes all they're really doing is attacking doctors lawyers and highly paid engineers while your average CEO laughs his arse off
Posted on 3/12/25 at 10:53 pm to Grumpy Nemesis
quote:
I guess this is an interesting idea but my preference is to eliminate income taxes all together. It has never made any sense to me why we tax income rather than consumption. Although I guess nowadays we do both but taxing income is and always has been stupid
Can you point to one country that does it this way?
Posted on 3/12/25 at 10:54 pm to Eurocat
quote:
Can you point to one country that does it this way?
Why does that matter?
Posted on 3/12/25 at 10:56 pm to Eurocat
quote:
Can you point to one country that does it this way?
No because politicians long ago figured out that the income tax makes for excellent demagoguery and social control. It's much harder to control people's behavior for example with a broad sales tax. But once I create an income tax and the concepts of deductions the race is on!
Posted on 3/12/25 at 10:59 pm to Eurocat
At the end of the day any tax amounts to extracting productive capacity out of the economy and handing it to the government. So there really should only be one goal when deciding how to tax and that goal should be the one least impactful on productive capacity and one that requires very little if any manipulation. Let the progressivity of your taxes come from the fact that rich people spend more. For those people that talk about how poor people spend more of their money on necessities. That's true. So you probably want a broad-based tax that doesn't hit the Staples hard or at all.
Posted on 3/12/25 at 11:00 pm to BCreed1
How in the frick could someone downvote this?
Posted on 3/12/25 at 11:00 pm to cadillacattack
quote:
external revenues from Tariffs
Reducing the size of federal government while returning some duties to the States
Reduce expense by significantly reducing waste, fraud, abuse
Probably going to need some sort of federal sales tax / consumption tax. Which I’d greatly prefer over income taxes
Posted on 3/12/25 at 11:45 pm to Harry Boutte
quote:
What happened to having skin in the game?
We tried that. The leeches rendered that obsolete.
Posted on 3/12/25 at 11:48 pm to Powerman
quote:
Because it's a revenue killer. All income above 150 would have to be taxed at an absurd clip to balance the revenue losses. I don't even know if it could work at 90 percent tax rate above 150K
90% of all tax revenue comes from people making 150,000 or more right now anyway.
Posted on 3/13/25 at 12:36 am to GeauxLSUGeaux
quote:
90% of all tax revenue comes from people making 150,000 or more right now anyway.
And a good portion of that revenue starts well below the 150K threshold...
Posted on 3/13/25 at 12:40 am to AuburnTigers
quote:
fear mongering
The only thing that backs up treasuries is confidence in the ability of our government to tax it's citizens. Otherwise, it's just paper. Posted on 3/13/25 at 12:42 am to SDVTiger
quote:
Why is it stupid?
Posted on 3/13/25 at 12:43 am to momentoftruth87
quote:Nope. This is a dumb idea no matter who proposes it.
He has no idea other than because Trump is proposing it.
Posted on 3/13/25 at 12:45 am to Tuscaloosa
quote:
Lutnick addressed this mindset
Nope. It's simple math. 
Page 3 of 10
Popular
Back to top
Follow TigerDroppings for LSU Football News