He Did It: Trump Calls for Ending the Federal Income Tax!

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Thank you very much and God bless you.

Love it! But there always enough RINO’s to stop him on this one.

It’s the Art of the Deal.

Trump’s compromise position will be a flat rate tax on all income - ALL income - with a high exemption or standard deduction and no deductions, supplemented by some tariffs.

Much better would be a sales tax and complete abolition of the income tax AND THE IRS. Every last employee. No more weaponization.

Maybe by the end of February, he will have time to discuss Daylight Savings time being done away with, once and for all.

No more IRS Gestapo. If you don’t believe in the resurrection just owe the IRS .... they’ll bring you back to collect.

Love it! But there always enough RINO’s to stop him on this one.

Time for voters in Alaska, Maine, and wherever these RINO squishes are to start burning up the phone lines and threatening to primary them (or, failing that, running them out of town on a rail or tar and feathering them).

Except for hardcore anti-Trumpers, I can't see the average person not wanting to get behind this.

So long as the income tax is not replaced by a consumption tax or value added tax as is the case in Europe. That would be devastating to low income seniors.

Get rid of the IRS by enacting 10% national sales tax.

The Wealthy always manage to find "loopholes" to avoid paying taxes so they'll actually pay more in taxes if we had a national sales tax.

When one starts with no tax on tips, the end game is eventually no tax on income...

And he stated he expected that no tax on tips to get done soon ..

“Get rid of the IRS by enacting 10% national sales tax.

The Wealthy always manage to find “loopholes” to avoid paying taxes so they’ll actually pay more in taxes if we had a national sales tax.”
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That’s a VAT (Value Added Tax) by another name.

I’m not opposed to a VAT at all, in exchange for federal income and excise tax repeal, but too many here fear the name and European origin of the plan.

National VAT would be better than a sales tax. What it would do is put all of the USA-based producers on the same level playing field as the foreign producers. Suppose you have 10M revenue per month and 6M for costs of supplies & raw materials. If the VAT is 20% then your customers pay 12M, you pay 7.2M for costs & supplies, and you pay 0.8M (not 2M) for VAT since you get credit for the 1.2M you paid for cost/supplies. If you move your factory to Mexico or China then you pay the full 20% VAT on every penny of revenue. It’s a Value Added Tax (VAT) as you pay tax on the value added.

Yes it’ll mean higher prices on things. But people will have more disposable income. Who gets screwed are 2 groups of people:
(1) People who move their production activities outside the USA.
(2) People who don’t work.

For these it’s not the end of the world. It’s just that the US government will be working primarily for the benefit of US workers. So, if you want to benefit on this then work. If you want to lose then move your factory overseas or go on welfare.

How does he propose to pay tfor stuff?

Man that’d be cool with me. As it stands I only keep $.53 out of every $1.00 once 401K/Taxes/Insurance are all figured in. While they’re at in, why not increase the 401K max contribution to 30% and double the total yearly max.

I’m not opposed to a VAT at all, in exchange for federal income and excise tax repeal, but too many here fear the name and European origin of the plan.

That's a good reason to oppose it. Generally, anything that comes out from Europe is crap.

But I think it's a trade off that we can make and it'll benefit us in the long term.

The catch is that it should remain difficult to increase the taxation rate.

I think Trump has planned all along to get rid of the income tax and the IRS.