No More Taxes

[Hawkeye21 2,381]

Let's say Trump gets rid of income tax and property tax, or at least lowers it drastically.  I know it's a concern how we would then fund certain things like our schools.  Tariffs can help but we would need more.  What are some ideas you have to replaces those funds?

I think gambling is a great way to produce income for a state.  MN makes a lot of money off of selling pull tabs.

Legalizing marijuana is another way to make more funds.

[weepaws 3,154]

Yeah, let’s dope people up to make more funds.  Great ideal.  Not.  

Taxes will not be lowering.  

[Thornton Melon 605]

How could he get rid of property taxes? That's a state/local thing.

[Red White and Blue 81]

How do tariffs help in this situation?

[lickin_starfish 1,890]

We could stop USAID from laundering trillions of dollars to criminals and use that money towards schools.

[Hawkeye21 2,381]

17 minutes ago, Thornton Melon said:

How could he get rid of property taxes? That's a state/local thing.

I don't know.  Trump and Musk have both said they are in favor of ending it.

[Hawkeye21 2,381]

49 minutes ago, weepaws said:

Yeah, let’s dope people up to make more funds.  Great ideal.  Not.  

Taxes will not be lowering.  

Millions of people are already smoking it.  Why not make money off it?  I never understood why it's illegal in the first place.

[Hawkeye21 2,381]

21 minutes ago, Red White and Blue said:

How do tariffs help in this situation?

Tariffs can replace some of the money that would be gone from income taxes.  They wouldn't be able to replace them completely and that's why I started the thread.  What else could be done?

If you prefer to continue being taxed in numerous ways then you must be very happy right now.

[Red White and Blue 81]

1 minute ago, Hawkeye21 said:

Tariffs can replace some of the money that would be gone from income taxes. 

You think we put tariffs or foreign products and they cut us a check? 

[Hawkeye21 2,381]

5 minutes ago, Red White and Blue said:

You think we put tariffs or foreign products and they cut us a check? 

What exactly do you think happens?  Tariffs bring in revenue for our country, just not enough to replace income taxes completely.

[lickin_starfish 1,890]

23 minutes ago, Hawkeye21 said:

What else could be done?

45 minutes ago, lickin_starfish said:

We could stop USAID from laundering trillions of dollars to criminals and use that money towards schools.

 

 

[Hawkeye21 2,381]

1 minute ago, lickin_starfish said:

 

 

I agree with that.

[iam90sbaby 2,486]

Property tax is bullsh!t you never truly own your home. 
 

I think there should be a sales tax only. It encourages the government to have a good economy and not fock us.

[Red White and Blue 81]

8 minutes ago, Hawkeye21 said:

What exactly do you think happens?  Tariffs bring in revenue for our country, just not enough to replace income taxes completely.

We put tariffs on foreign businesses that sell us cheap goods. They add those costs to the cost of their products. That makes goods that are manufactured in the US more appealing. US consumers buy more US products. In theory this creates more US businesses and US jobs. Those businesses and jobs only create revenue through … taxes.

How did you think this works?  

[supermike80 1,803]

Yeah the feds have no authority over property taxes.   They may wanna kill it, but they can't

[Hawkeye21 2,381]

1 minute ago, Red White and Blue said:

We put tariffs on foreign businesses that sell us cheap goods. They add those costs to the cost of their products. That makes goods that are manufactured in the US more appealing. US consumers buy more US products. In theory this creates more US businesses and US jobs. Those businesses and jobs only create revenue through … taxes.

How did you think this works?  

There is still revenue coming from tariffs.  I will not be enough but it's still revenue.  Buying more US made products is a benefit and I'm glad you're admit that tariffs help with that.

[Hawkeye21 2,381]

5 minutes ago, iam90sbaby said:

Property tax is bullsh!t you never truly own your home. 
 

I think there should be a sales tax only. It encourages the government to have a good economy and not fock us.

I saw a video of a woman talking about how she was not allowed to put a tiny house on her 37 acre property because of how it's zoned.  This is the crap that really upsets me.

[Red White and Blue 81]

4 minutes ago, Hawkeye21 said:

There is still revenue coming from tariffs.  

Through taxes, yes. 

[Hawkeye21 2,381]

1 minute ago, Red White and Blue said:

Through taxes, yes. 

No.  What do you think there was before income tax?  We had revenue from tariffs.  Back then it was enough because we had a much smaller government though.

[Horseman 2,357]

18 minutes ago, Red White and Blue said:

We put tariffs on foreign businesses that sell us cheap goods. They add those costs to the cost of their products. That makes goods that are manufactured in the US more appealing. US consumers buy more US products. In theory this creates more US businesses and US jobs. Those businesses and jobs only create revenue through … taxes.

How did you think this works?  

Except they can't just add it to the cost of their products if we can get it cheaper from someone else, or it becomes cheaper for us to make.  Simpletons often overlook that part.  

And who cares if you pay $100 more every 10 years when you buy a new dishwasher if it hurts China.   Win-Win. 

[Red White and Blue 81]

12 minutes ago, Horseman said:

Except they can't just add it to the cost of their products if we can get it cheaper from someone else, or it becomes cheaper for us to make.  Simpletons often overlook that part.  

And who cares if you pay $100 more every 10 years when you buy a new dishwasher if it hurts China.   Win-Win. 

We’re talking about whether tariffs can replace tax revenue. Try to keep up.  

[TBayXXXVII 2,482]

21 minutes ago, Hawkeye21 said:

There is still revenue coming from tariffs.  I will not be enough but it's still revenue.  Buying more US made products is a benefit and I'm glad you're admit that tariffs help with that.

He is close, but not entirely correct.

When tariffs are placed on other countries, the tax is applied and paid to the CBP, which is a part of the DHS. Trump wants to create a External Revenue Service to collect those tariffs and streamline the process.

Now, if those businesses choose to raise their prices to cover these costs, it's still a net gain for the consumer as, instead of paying all of the money through income tax, the foreign country businesses are  picking up some of the slack.  Ideally, we'd drop income tax from say 28% to 25% where someone who's making $50k a year, will save $1500.  Yes, if a person buys that product, they can expect to pay an increase, though you'll still have money in your pocket because your expenses would be less than $1500.

Sure, if the net result is that people stop buying those foreign goods and buy American, it could increase jobs and alike in the US, which would employ more people, reduce unemployment, and increase the tax base as well as business taxes.  The plus side to this is that there's less government spending on unemployment, welfare, and other social programs to help out the less fortunate.  When the government is spending less, the rate of inflation slows, the need for tax dollars slows, and efficiency goes up.  Your dollar goes further.

 If those foreign countries still want to stay in the American market, they won't pass the expense on to the consumer.  So that would be a true $1500 savings for the person who makes $50k per year.

[jonnyutah 248]

Excise taxes

[Hawkeye21 2,381]

14 minutes ago, Red White and Blue said:

We’re talking about whether tariffs can replace tax revenue. Try to keep up.  

We are not talking about them replacing 100% of tax revenue though.

[Red White and Blue 81]

1 minute ago, Hawkeye21 said:

We are not talking about them replacing 100% of tax revenue though.

That’s good, because tariffs are a piss poor way to increase revenue since they’re largely oaid by consumers and decrease imports. 

[TrailGuy 552]

8 minutes ago, TBayXXXVII said:

Trump wants to create a External Revenue Service to collect those tariffs and streamline the process.

The tariff is paid by the importer, who is in the US.  There is no external tax.

[Hawkeye21 2,381]

Just now, Red White and Blue said:

That’s good, because tariffs are a piss poor way to increase revenue since they’re largely oaid by consumers and decrease imports. 

You don't follow along very well.

[iam90sbaby 2,486]

24 minutes ago, Red White and Blue said:

We’re talking about whether tariffs can replace tax revenue. Try to keep up.  

Of course they can if you don’t have an overinflated government. 

[CaptainObvious1 324]

12 minutes ago, Red White and Blue said:

That’s good, because tariffs are a piss poor way to increase revenue since they’re largely oaid by consumers and decrease imports. 

Eliminate my income tax and I'll gladly pay more for imported goods.

[Red White and Blue 81]

18 minutes ago, Hawkeye21 said:

You don't follow along very well.

I’ve been following your stupid ideas just fine. 

[RLLD 4,143]

I think we should have tax reform in concert with the elimination of wasteful spending. 

The government should operate a limited set of things, and few as possible.   So strip government down as far as you can, by all means.  But then address the revenue stream of course. Taxing people less foments economic growth, money funneled to government limits economic growth.

[Mark Davis 339]

I'd settle for a flat tax and stopping all the carve outs.  It might force some of my colleagues to hit the unemployment line, or find other consulting sources, but our tax code is pretty horrendous.

[Red White and Blue 81]

7 minutes ago, Mark Davis said:

I'd settle for a flat tax and stopping all the carve outs.  It might force some of my colleagues to hit the unemployment line, or find other consulting sources, but our tax code is pretty horrendous.

I’d agree with this, especially if they uncapped payroll tax contributions. No chance they go for it though. 

[WhiteWonder 2,675]

Capital gains tax should be greatly reduced unless you are classified as a day trader. 

For so many reasons we should want to encourage people to invest in US based businesses, we should want to encourage people to invest as a way to build wealth and ultimately be less reliant on government assistance or things like dwindling social security when the time comes (side note people like to cry that Trump is going to end SS and ignore the fact it's been a mess for a while now). We should want to encourage people to invest for the long haul but not make them feel punished for making a short term investment. Citizens are taking on risk by investing, if they wind up getting rewarded for it they should realize much more of that reward. 

Cap long term capital gains tax at like 10% and significantly reduce short term capital gains tax. For people that qualify for day trading status, tax it as normal income. 

[RaiderHaters Revenge 4,237]

national, state and local sales tax

done

we spend 100's of trillions every year buying things

10% national sales tax (non food)

those who have money still pay the majority of tax in this nation, we remove tax write offs

buy real estate that isnt your primary residence 10% sales tax over 20 years (that way those who have rental properties pay more in taxes as well)

that way those who buy rental incomes pay more in taxes

[RaiderHaters Revenge 4,237]

1 hour ago, Mark Davis said:

I'd settle for a flat tax and stopping all the carve outs.  It might force some of my colleagues to hit the unemployment line, or find other consulting sources, but our tax code is pretty horrendous.

 

1 hour ago, Red White and Blue said:

I’d agree with this, especially if they uncapped payroll tax contributions. No chance they go for it though. 

I would agree with that

15% flat tax on income over 40000 annually

 

[weepaws 3,154]

2 minutes ago, RaiderHaters Revenge said:

 

I would agree with that

15% flat tax on income over 40000 annually

 

You smoke weed, do you agree that a mistake like legalizing it would be a good way to make more funds, I think someone with that way of thinking would call Epstein a friend, what says you weed man? 

6 hours ago, Hawkeye21 said:

Let's say Trump gets rid of income tax and property tax, or at least lowers it drastically.  I know it's a concern how we would then fund certain things like our schools.  Tariffs can help but we would need more.  What are some ideas you have to replaces those funds?

I think gambling is a great way to produce income for a state.  MN makes a lot of money off of selling pull tabs.

Legalizing marijuana is another way to make more funds.

 

[RaiderHaters Revenge 4,237]

17 minutes ago, weepaws said:

You smoke weed, do you agree that a mistake like legalizing it would be a good way to make more funds, I think someone with that way of thinking would call Epstein a friend, what says you weed man? 

 

I am for decriminalization, against legalization

states rights

I don't smoke weed

 

[avoiding injuries 1,508]

9-9-9

[frank 2,276]

That would make a terrible Ozzy song.