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re: Trump considering cutting income tax in the US due to tariff income
Posted on 11/27/25 at 9:57 pm to hawgfaninc
Posted on 11/27/25 at 9:57 pm to hawgfaninc
This is just stupid bullshite. Good grief. Red meat for morons.
0
Posted on 11/27/25 at 10:04 pm to 3down10
Im no genius but...well actually I am
But, if he can stop all the wars he has, we should be able to run the overall military budget at about 75% or less, right?
No money going to Ukraine type shite, or any other Allah shithole situation
But, if he can stop all the wars he has, we should be able to run the overall military budget at about 75% or less, right?
No money going to Ukraine type shite, or any other Allah shithole situation
Posted on 11/27/25 at 10:08 pm to Kjnstkmn
Posted on 11/27/25 at 10:15 pm to Kjnstkmn
Posted on 11/27/25 at 10:17 pm to Kjnstkmn
Posted on 11/27/25 at 10:19 pm to Kjnstkmn
Posted on 11/27/25 at 10:23 pm to Kjnstkmn
1T in federal cuts needed:
Loading Twitter/X Embed...
If tweet fails to load, click here.This post was edited on 11/27/25 at 10:28 pm
Posted on 11/27/25 at 10:30 pm to ChatGPT of LA
quote:
run the overall military budget at about 75% or less, right?
Yes, last guy I posted (prof stronge) covers that, 800 billion + of military industrial complex spending goes to invasions / needless foreign wars instead of necessary US defense.
I would prioritize cuts in social programs and grift first however. Ungodly sums of fed money is just outright stolen.
Math is pretty straight forward:
1 T in tariff income +
1 T in cuts, +
400 billion in revenue from economic growth (corp / business taxes and misc related revenue streams) with 5-6% GDP
=
2.4 T (current individual income tax revenue).
If it doesn’t quite all add up at first there may be some income taxes remaining in place for a while on the highest income / top 1-3% ( ie phased out approach)
The Fed / central bank has to go and a plan is also needed to address the debt.
This post was edited on 11/27/25 at 10:41 pm
Posted on 11/27/25 at 10:43 pm to Kjnstkmn
Pump some back into social security to keep it for those who paid, like fricking me
Posted on 11/27/25 at 10:45 pm to hawgfaninc
We are never gonna get out of debt
Posted on 11/27/25 at 10:50 pm to Riverside
quote:
Can you imagine how much economic activity would be unleashed? I could pay cash for a luxury car with what I pay in taxes.
Who bro, awesome! Now how do you suggest we pay for stuff like the Army and the roads and schools? Cool car! But, roads are kinda necessary.
Posted on 11/27/25 at 10:51 pm to Riverside
quote:
Can you imagine how much economic activity would be unleashed? I could pay cash for a luxury car with what I pay in taxes.
Not with the inflation that comes with it.
Posted on 11/27/25 at 10:53 pm to ChatGPT of LA
quote:This doesn't even come close to balancing the budget, much less eliminating taxes.
But, if he can stop all the wars he has, we should be able to run the overall military budget at about 75% or less, right?
Hell we're about to be spending more on debt interest than the entire DoD. Posted on 11/27/25 at 10:57 pm to Kjnstkmn
quote:Guess where 5% of GDP comes from?
Absolutely incredible… Scott Bessent says with Tariff income alone, growth could hit up to 5% of the GDP
quote:It's incredibly sad anyone is falling for this line of bullshart. We're set to spend right at $1 trillion on the debt interest next year. And yet somehow, they are going to replace all inocme tax recepts (~$5.3 trillion) with less that $1 trilliion. This won't even fund SS and Medicare.
THE MAGIC NUMBER we need to get to is roughly between $800B $1T before we start to eliminate Federal income tax in a phased out approach.
I can't figure out of Bessent is mocking us or, he thinks we're this stupid.
This post was edited on 11/27/25 at 11:19 pm
Posted on 11/27/25 at 10:59 pm to Kjnstkmn
quote:
YES. Abolish income tax payments- and the IRS too! “Wouldn't it be amazing to stop paying taxes to the IRS and have the external revenue service replace our taxes? That's the goal of Donald Trump...” @howardlutnick
Next up... promises of Santa Claus, the Easter Bunny, no more homework, and ice cream for lunch every day. Is anyone really fallilng for this?
Posted on 11/27/25 at 11:00 pm to Kjnstkmn
quote:To fund the government on Bessent's claim? No... that would need $5 Trillion in cuts. And a full on default on federal debt.
1T in federal cuts needed:
Posted on 11/27/25 at 11:07 pm to Kjnstkmn
quote:Where have you been? MAGA hates conservatism. They are all about massive deficit spending, and meddling in private industries.
Conservative small government only performs necessary functions such as defense and interstate law enforcement and commerce regulation and none of the monstrosities that we have today.
Posted on 11/27/25 at 11:08 pm to SDVTiger
quote:
I hope this is where it ends up. Flat 7%
You hoping we end SS, Medicare, and default on the debt? Posted on 11/27/25 at 11:15 pm to ChatGPT of LA
Posted on 11/27/25 at 11:39 pm to Nosevens
Do you have statistics for that?
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