This may affect entitlement programs like social security and Medicare. These programs are already in financial trouble. I think the ending of those social programs would have to be accompanied with an end to federal income tax.
It’s funny something we learn in our history is the founding fathers fought against the crown because of taxes. And now we get taxed up the ass and everyone is like yeah this is normal .
My dad ran his OWN accounting business for 30 years. I've got a little bit better knowledge of the tax laws than your average citizens. My dad, myself, and EVERYONE reading this should be saying NO MORE FEDERAL INCOME TAX!!! NO MORE IRS!!! Period.
These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?
I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.
This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolio
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Taxes are the biggest scam in the world! We pay taxes to work, then get taxed again on everything we purchase, and taxed again on the earnings we make when were trying to be smart and invest! How anyone survives is beyond me! More people would be able to invest if federal taxes were removed! I like it!
Now this what I will like to see cares come with no property tax just buy them and no how I'm going to tag it I feel that once you buy that high priced car that should be sufficient 😅😅😅
it would also encourage those same companies to automate at an even larger pace, limit wage growth, while using offshore labor for all customer service roles...
@jcsmith2231 companies have been automating at a good pace anyway regardless of location. You're still going to have those same products being produced in that automation facility. But speaking as someone who works in automation, it's not perfect by any means because you still need people to maintain the equipment and run it to an extent
@DfromBoston I'm an automation maintenance Technician and oml are they a pain in the ass to work on. Each piece of equipment has its own quirks and problems. Doesn't help when they're made in countries with cheap labor.
You know idea. I could actually fund a retirement for my mother, she's over 60 and STILL working to survive abd it's driving me crazy she can't retire because of taxes and the economy.
@@marcusj3824 Not true. America has enough gas for the whole world Trump proved that last time. As for appliances, cellphones, countertops, and exct They maybe a bit more expensive but you have the right to choose to buy them or not where as you dont with taxes. Which is how it should be! Freedom of choice is all ways better then forced compliance through threat of violence!
If this would take place my small struggling business would be thriving and I wouldn’t have to stress working so much overtime just to make it . This would be a blessing.
America was actually founded upon FIGHTING taxation ! Just something to think about that no one ever mentions. One of the reasons we fought for our independence was no taxation without representation...right ? Well, if you live in say Ohio and work in a bordering state, let's say Indiana. You have to pay Indiana tax at your job...but you don't LIVE in Indiana, therefore you cannot vote for Indiana representatives ! Isn't that the very definition of taxation without representation ?
@@keithsowder4308 well yes and no we do have lot more people and have a lot more world influences, here's a suggestion let cut gov worker wages make it so you don't get rich running the country. income tax is necessary to keep a economic balance it pay for everything army utility global activity's retirement infrastructure global conflicts so maybe we should look at cut gov wages that would put more money into our pocket and allow the government to keep paying for what needed may even bring down income taxes sale taxes and many other taxes best of all you get more money at the end of the year. i have always said one should not get rich run the country. smaller gov you can fire a lot of those useless workers trim the fat. i could go farther close those wasted program we have tons that do no good.
@@Gipsiwriteryou don’t know how taxes work and it shows lol. Tax returns are YOUR money. Literally if you paid too much in taxes they give you the difference. That’s what it is. You never get someone else’s money 😂😂
@@Cristian-et5bgover 20% of the population pays no taxes and receives money based on the "standard" deduction. Some of them get credits for being parents. This is people who don't work, don't make above $25,000, and still receive a return. They literally pay no taxes and receive money from the government instead.
I believe this makes a lot of sense. Citizens will get tired of paying the higher prices for goods and then they’ll begin to produce goods here in America, making them cheaper and more jobs. This will Make America Great Again!
Not paying income tax would be like getting a stimulus check every week. This would negate any negative effects of raising tariffs. It would be a boom to the economy like no one has ever seen.
@@Yogosi supply and demand isn’t why the prices would rise …are you voting for orange man this year ? You should really do some research on HOW exactly he’s gonna do the things he says instead of just letting him fill you up with false promises
@@qbanz00 you are one to talk about false promises. What has your democratic party been doing for you? hmm? They are filling your head and have you so brainwashed bro. Its so obvious what the right choices are here yet some of you guys still are just so stubborn to say your wrong, its literally destroying our country before our eyes. How can you not see how over the last 4 years under democratic rule, that the country is literally in shambles?! Everyone is struggling to live!!! Yet, the 4 years before that under Trump, WE HAD MONEY! WE HAD A STRONG STOCK MARKET! WE HAD LOW TAXES! WE HAD RECORD JOBS! NO INFLATION! TARIFFS ON OTHER COUNTRIES TO PUT MONEY BACK INTO THE US POCKET! I MEAN DUDE, COME ON!!!! Everyday more and more people are waking up to see all this as it is. The majority see it now, even in the big dem cities...its time to drop this party nonsense, and jump on what is right! I hope you wise up. Good day.
The title of this show says Trump wants to Abolish Taxes.... So Now We Know Why He Was Shot At. All presidents that were shot at, threatened taxes, IRS or Federal Reserves, in some form or fashion. FYI, Hitler did the same thing, ended taxes, interest on money.
@zhenyucai8688 it's actually future taxes. Remember that that government has no commodities. So it has no income except for taxes. The government can't give anything unless it steals it from the citizens first.
And then paying taxes on it again when you spend it...paying taxes for property you already own, taxes on a tag for a car that's paid for...taxes on the paperwork for filing your taxes...
I watched a video once about taxes and I can’t believe I didn’t ever realize this prior. Everyone’s tax on their income and then they take what’s left over and go and buy goods and services with that tax money and then the people who are making an income off of taking you’re already tax money is then taxed. The amount of times that one dollar is taxed in this country and the fact that we have as big of a deficit as we do is insane!
Under our tax system taxation is actually extortion (technically a crime), so abolishing taxes and the irs would be a very good thing. Currently as it stands, the system keeps all U.S citizens as tenants, instead of owners of real property as we all like to believe. Giving people access to 100% of their income to use as they deem fit would be a massive game changer.
Income tax is actually slavery. Look at the definition of slavery, and replace institution with Congress. Worse thing is, Congress knew it was slavery, hence the reason why they had to implement the 16th amendment.
Wait you VOTED for him and he won and trump never address this issue about taxes. He didnt stop taxes nor created a tariff. That means he didn't fulfill his promises to you but you still believe in him. What does that say about you??
@@MessyBootz-ex6zl He did a lot of other things that greatly relieved small business owners/self-employed and the amount of taxes taken out of everyone's paycheck!!! He finally stopped foreign countries from importing goods here tax free! While the USA was still getting taxed importing goods to these same countries! He did create the Tariffs.....you dont know what you are talking about! lol What does that say about you?! lol
@@MessyBootz-ex6zlstuff takes time. He had 4 years of change and we were thriving. If you didn’t see this what does this say for you? If he gets elected again we will be on our way back to being free again from a corrupt government preying on the American $ inflation is at an all time high and we are in a recession.
This could happen if govt watches spending. Get people back to work rather than able bodied people sitting home not wanting to work. Quit sending billions of dollars to other countries are just a couple ways to greatly reduce govt spending.
Getting rid of an income tax like that would absolutely help small businesses survive. This is a huge step forward in keeping businesses in America alive. it will benefit small business more than it will ever benefit individuals. It will help small businesses be able to pay their employees more.
Abolish not only income tax but also property tax and sales tax. Get rid of the not so federal Federal Reserve too and get rid of the current centralized banking system... Give the power back to the people!
@@solarsynapseSo what? It's not about what is allowed but what is right.... Humanity is going backwards since a long time but thinks it is evolving. It can't even get to the consciousness level when the constitution was written....sigh... The sad truth is that humanity is too asleep and not becoming a ware fast enough to fix things in its favor. If humanity was aware of the massive network of criminals in plain sight and their crimes they would know that the tax dollar is a drop on a hot stone and is not paying for much.... Now where is the money really coming from and the trillions of depth they create? Who is in control of the monetary system? When was it implemented and why? Is it a system of enslavement or freedom? Who is the Federal Reserve?.... I know. Do you? This is just one element of a million that are wrong. Wake up humanity!
@@Tambo1112I love the idea of lowering taxes. Get rid of income taxes and add it to the sales tax. That way people that spend money will pay more and people who have less money and don’t buy things can save more of their money. Makes way more sense. Property taxes are needed for your local roads, police, sidewalks, ditch maintenance, fire and EMS. Taxes are needed but does need reworking and more balancing.
@@mrbuck5059 would be nice.... but there's not enough gold in the world to fix this problem lol only thing we can do is make cutbacks in the government, why is that so bad might mean more money in your pocket.
No income taxes = Cheaper domestic goods and more money for the American consumer to spend on them. Taxation on foreign imports = Incentive for domestic companies to produce their goods domestically, which means more jobs for the American consumers to choose from, which means more competitive wages from employers. Big ass win for the working class if you ask me.
Also known this, if I could afford a 100,000 dollar car another 3000 in tariffs wouldn't make no never mind, but think about this, I pay roughly close to 500 a pay period for taxes, I get paid twice a month so let's round it off to 400 that would be 800 a month and in 10 months that would be 8,000 dollars so there you go now before you tell me my math isn't very good, look at your check stubs or online stubs and add it up going by how much you pay, also all of the people getting all the money for right offs won't be able to get out of paying if you have to pay sells tax
Taxation on foreign goods means that US based companies can get away without raising prices on goods and services bc they’d have less competition from foreign based companies. The people who end up paying the difference on these tariffs is the consumer.
@@TheUnseenSoldier That's off the top of your head. Tharts not how it works and it's not simple. There are many consequences. Read some economics and history books.
Tarrifs can't make up the amount of revenue our government collects, today but with major spending cuts to non-essential services , and with streamlining of essential services to try to get more result for less money the government could really cut back its spending to operate within an amount of moeny it could collect on imported goods... in the long run we'd be much better off for that with more local manufacturing jobs.
If we have taxation without representation, it is because too many American citizens just complain about the government without being active like their responsibility to be involved would dictate. We need to hold our representatives accountable to represent US, not big corporations and special interest groups.
@stevenbingham3061 when they tried the democrats banned them from the centers so they can't go their and voice their concerns at the meetings good ole democrats lol
@@jimmyowens954the only one to back up almost all his promises and more but didn't believe him and you probably believe that is 34 felonies for 34 families that he beat up and took all their money and they were probably people of color right? And you probably still believe that the Steele dossier with Russian collusion was real and you probably believe he told people to storm the capital. You didn't investigate any of that because if you would you wouldn't be commenting what your commenting. You would be confident in saying Trump 2024
I can tell you as a small business owner, if the tax burden was lifted, I could raise pay for all of my staff substantially. The total tax burden on small businesses is atrocious.
@@EpochUnlocked regardless, that would be what I already pay them and the govt’ takes. I would share the taxes that I pay for having them as an employee. Mind you this will not relieve workers comp ins, and business licenses (that are also a tax), and other govt’ taxes labeled as fees and license.
It's true that the cost of goods may go up however you would have more money to spend because you're not paying federal tax anymore. I've always believed that they should eliminate taxation altogether and raise the sales tax slightly
This country managed to get along just fine for 137 years (1776-1913) WITHOUT a federal income tax. I don't see any reason why we can't continue to do so now.
@@davidbarlow6860 to pay for World War One, and they never stopped….. once they get a taste of your hard earned money they won’t give it back, they’ll just want more
Because they slowly changed what our entire system relies on for sustainability. It used to be the American people made America, now it’s whatever we borrow is burdened only on the American people. No matter what we went/go through, they always made money from it. Never forget that.
The income tax was passed unconstitutionally. Instead of 3/4 of the states voting for it the US Senate decided to simply vote on it and pass it on to the President to sign it. If it’s such a good idea put it to the states to determine. A better idea would be to simply follow the Constitution. We’d all be better off.
@@theskeptic9695 Martial Law, declared while we are in declared wars suspends the US Constitution and allows for things like introduction and passage of things like income tax.
@@theskeptic9695 What? The Revvnue Act of 1913 was passed as a result of the 16th Amendment which gave the Federal government the right to levy taxes and was ratified by 3/4 of the States. Please direct me to where you got you information because I love to read.
@badabing9233 with the taxes collected from the tarrifs. What do you not understand here? You put more money into the hands of the American people, spurring a nationwide spending spree, and collect taxes on the spending to fund infrastructure and everything else.
I’ve been sick of income taxes! Watching people with children getting thousands n thousands of dollars even though that didn’t have to do anything the year prior, but a single man with no kids who worked all year won’t even hardly anything! I’ve watched ppl do nothing all year and just bc they have children, they are getting 5-10k just in income taxes! It’s unfair
There is a reason for that. The federal government is rewarding you for increasing the population of the country. The US Society can not continue to grow without the introduction of a new working base. If no one has kids in 30 years no one would be able to work lower end jobs and you would not be able to move up in the world. The economy would stagnate. It’s the same as the increased standard deduction for married couples, it a reward from the government for getting married. The government understands marriage increases the likelihood of child birth which in turn increases societal growth.
I totally agree because I chose not to have children. I’m getting screwed and because the other people did screw, they get the benefit of the tax cuts. It’s BS. I agree with you.
@saintmatthew2634 what about when you're working 60 hrs a week and government takes %35, your income drops so much you're not considering marriage. I never met a hard worker that likes the idea of taxes.
@@noeezy1 Hey I’m not saying I like taxes. I’m just saying there is a reason behind it. There are many other things the government incentivizes as well. Investing, military service, business ownership etc… if you give to the nation or provide things that increase the strength of the nation in the governments eyes you get rewarded for it.
@@noeezy1 Also I work over 60hrs a week I have four children, a business, I served my country, I invest my money, I give to charity and my tax burden is minimal. I give therefore I receive. It’s a simple concept!
We need to revamp the tax codes. I'm pretty sure a majority of Americans have no problems paying taxes on roads, schools, hospitals and basic essentials. But 40 million a week to the Taliban and gender studies in Pakistan, nope!
I will always have a problem with my hard earned money being taken from me and being used frivolously by incompetent government agencies. I understand the point you’re getting at but no matter how little the government has to manage it is always done poorly because it’s not their money they are spending.
Schools, no I don't have kids, those who have children should fund the schools, they are the ones whos kids are getting misled with religion or dei. I don't want to fund either of those ideologies.
When America first became a country, it was established that the Federal Government would be funded by tariffs charged on foreign goods. We did not have federal income taxes till 1913.
Yes and it took several years to be amended. It was also ratified into the constitution. It started as a 1%tax and not to all Americans either. There's a reason why public schools don't teach you about these things. They want us all dumb and to follow blindly. They are convincing parents and children to be for ever mutilated. Just 10 or 15 years ago if you said that this would happen in 10 years you would be checked in to a mental institution just for the assumption. For God so loved the world he gave his Only begotten son, for who ever believeth in him shall not parish but have Everlasting Life.
And the Government was 1% of the size it is now. So unless we are also talking about shrinking Government 99%, this discussion of no income tax is simply pie in the sky talk. It just is.
@xSayPleasex wrong, federal taxes are not necessary. But we should absolutely shrink the government. We have 3 million federal employees. License plate fees alone cover the entire infrastructure costs, yet we also pay gas tax. The military should charge for security it provides to the 11.7 trillion worldwide shopping industry.
Taxation is theft, and no matter your reasoning, stealing is stealing, even if you think it’s for a good reason, and it opens the door to justify stealing more and more, hence the outrageous amount of things taxed today, and the future taxes proposed.
We pay taxes for EVERYTHING. Once you do the math I’m sure 50% of our income goes to taxes. Gas taxes, income tax, property taxes, taxes on everything we buy.
Plus, when you retire you pay taxes on the money you already paid taxes on and they also fine you if you withdraw to much a year to bay bills or health insurance!!!
I did the math last year and figured in the hidden taxes like healthcare and fuel/energy and inflation. They took 64% of my buying power off 150k between my wife and I who have 5 kids to feed....
@@WesternManofthePlains88 being we are in dept where are we going to get our money get loans from other countries? why not just make it government owned.
Over the past 4 years I have paid back 40,000 in taxes. Every year I dread taxes as self employed I learned a lot over the past year. It’s still a headache having to do so much just to hide your income from Uncle Sam to not pay back taxes.
You need the house / senate to be majority of same party or the other will just deny it. Something good for America went out window long ago, it’s more what is good for only my party. The world evolves and so should some laws. (the word amendment means to amend.) I think whatever law goes to be passed needs 66% of vote, because what’s good for country shouldn’t come down to it goes through because I have 1 more vote in my party. I live on a ranch/farm and what is good for me might not be the same as someone in the city. I’m also a Christian and our country was built around God. It’s on our money and national anthem. We shouldn’t turn away as a country from him. I also understand it’s a free country and you can worship or not whoever you like. But don’t force the original belief to leave. I don’t know where I’m going with this but maybe it shines a little light on something
Residential property tax needs to go too!! That is almost more important! Old people getting there paid for homes taken.....property tax is bad....and insanely high! $400 a month here and going up....that's insane!
My favorite aspects of the notion are that we only pay in if we buy foreign products and the incentives to have business overseas becomes less lucrative if the intent is to use foreign labor and sell to us.
Correct, however drugs and greed flowed in from the mercury in top hats 🎩 to opium and heroin and others were the beginning of dumbing down a nation because 47% is mind boggling
My thoughts are similar to Regan’s: taxes are bad for the economy. Making goods more expensive via tariffs will not result in overall less money in the average American’s pocket. It would actually cause more jobs to be created in America, resulting in wage increases and increased funds for discretionary spending which would further fuel economic growth. It would hurt at first as the economy transitions back to one where goods and services are produced domestically causing many Americans to just more wisely which goods and services they spend their new-found wealth on. However, in the long run, locally made goods and services benefits everyone here and would lead to more competition and a more robust economy.
Trump is an heir to a fortune. He is also more corrupt than any politician we have ever had in american history. Why would you vote for someone who took 8.6 million dollars from the Chinese government during his failed last presidency?
@@laroygibson7053Neither are Obama and Clinton, yet those two are regularly called “President Obama” and “President Clinton” instead of “Former President”. Funny how the “Former” only ever gets tagged on Trump, but none of the Democrat Presidents.
Imagine how much money can be saved towards retirement paying off debt and creating memories with your family because their is extra money in your pocket.
Yes that helps, but people use debt by choice because they are not patient to save for a rainy day fund then buy the wants category on cash only. Banks are just another leech on people’s income. Breaking free is the best thing you can do even if your country will not.
Imagine putt putt courses and theme parks other than Disney and 6 flags like we used to have in the old days when smaller people could afford to give us those fun places to visit.
The income tax and the IRS are unconstitutional and could be abolished no problem what so ever. You are supposed to be secure in your person and papers. You are not to be compelled to testify against yourself nor is your spouse to be compelled to testify against you. You are to be innocent untill proven guilty. The IRS violates all of these rights. Tariffs sounds like a great idea. Stopping the griffting would cut the budget bleeding in half at least.
Something we are ignoring is that while the cost of imported stuff might go up slightly Trump has also said he would allow oil leases to drill more oil that would bring prices of fuel below $1 that hasn’t happened since 1980. I’d have more $ in my pocket to do stuff with. Groceries would go down, & the cost of everything would go down because everything uses Diesel. Just because ur gas is gasoline the gas that goes into ur car was hauled by a Diesel.
It's funny you say that. This is how STUPID some people are. Back when Obama was in office and gas had climbed to $5 a gallon, I didn't have a vehicle. There was a guy I worked with that had a scooter...so anyway. One day at work I'm bitching about gas being $5 a gallon and my co - worker with the scooter says "What are you bitching about ? It doesn't effect you or me !" He was SOOOO dumb I had to break down to him that it doesn't matter if you have a vehicle or not...everything you buy gets here by gas / diesel etc. and when companies have to pay more to get products to you...they pass that cost on to YOU ! So, even if you're not DIRECTLY paying for the increased gas prices....you're INDIRECTLY paying for the increased gas prices !
I will never understand people who are against drilling for natural gas. It is literally what runs the world. Our entire currency is based on it, the petrol-dollar. I suppose people just enjoy being poor...
Most of these corporations are not going to pass on the savings. They got all kinds of savings and breaks during COVID, and you still paid the same or more. Be careful what you ask for. The tariffs were changed for a reason. And then there became a stronger NATO, which someone wants to do away with, so our allies and ourselves are left hanging out there defenseless on many islands, coasts and countries. So maybe you want to enforce the draft to shore or improve our defenses after we alienate the other countries and make them charge us up the Ying yang for your nice Benz, Mercedes, Lexus😮 And you're still going to pay more for food and clothes. But Americans are overweight anyways with portion sizes too large, so you get what you pay for...buy less food.
I’m in a lower income household with a baby under 1. We are struggling so hard. We have NEVER struggled this badly. After Biden became president, everything just got worse and worse. We were thriving and moving up into the middle class under Trump. That’s how I view it. We were moving up under Trump. And under Biden we are hemorrhaging. That’s how I’m voting this year.
Had trump won election for a second term, you would be in a worse place. Trump was riding in Obama's economy, and Biden has been having to fix trump's economy. Trump isn’t getting rid of taxes if elected. That won't ever happen because he can't do that unilaterally. His whole tax plan is by raising tarrifs, which will actually cost you more
You do realize that Trump got handed and clean plate from Obama right and after Covid Biden got handed a bad plate. We will come out of this in a year hopefully and if Trump is elected again he will get another clean plate.
I have a similar experience. I considered myself well off when trump was in office, I work in sales. I made $100k/ year under Trump, & I live in a LCOL area. Under Biden, Im barely pulling $32k/year. That is drastic. People just dont have the money to buy shiny things under the dems, so the money doesnt flow.
Everything we touch is taxed. Food, clothing, cars, roads, utilities, cell phones, fuel, medicine, hotel stays, airline flights, entertainment, alcohol , the list can go on for a while.
Items made in the US wouldn't have tariffs, so the price wouldn't increase. We don't import milk. It would be items like imported cars or appliances etc..
That would be nice if you already own a house. If you don't the cost of land would shoot up so fast to offset a lifetime of tax savings. Afterall, from the seller's perspective you have more money now, so you should be able to afford it. If you can't, no problem, someone else has a lot more money because that marginal taxes would go away.😅
@@TheFirstRealChewyit Should be no property tax. If you own land you own land. Where they come up with this weird stuff when people was ok 👌 up to 1913 with their own land and property.
That's not how it works. Everyone benefits with lower taxes, not just sellers. Sellers want to sell. And supply and demand is still a thing. As a buyer, just say no to price gouging. @@TheFirstRealChewy
@@randomhiphop5055 yeah that's the reason I believe property tax should exist on investment property, the speculation market is wild. That said no taxes on primary residence. The fact you can be kicked off property you "own" for not making tax payment makes you a renter in reality. What if you lose your job, get a terminal illness, elderly on fixed income in inflationary environment?
@@anonsecret9581business owners won’t just take the higher taxes open arms. They’ll pass it on to the middle and lower classes. That is why raising taxes on only wealthy business owners doesn’t work the way you think it does.
Tariffs are great!!!!!!! Along with eliminating US taxes. 1. Tariffs will bring more jobs to us, as it will be more competitive now that higher prices for imports. 2. Americans can invest more and keep more if taxes are eliminated. 3. Just like Dubai, many millionaires will move to the US. 4. It benefits the country as a whole
We still have tariffs in place. With higher tariffs prices for foreign goods will increase. And not just that but any company who imports their goods here. We’ll see pretty high price hikes
@Cristian-et5bg , those are minimal comparatively. The issue here is understanding that the Federal Government should be small enough to only need revenue from tariffs during peacetime. Income taxes should be only used when we must go to war, and war should be rare. If we had listened to the founding fathers and Truman, we wouldn't have the military industrial complex getting us in constant trouble, thus making a constant income-tax a thing.
@Cristian-et5bg then america will be competitive and it will be worthwhile to manufacture those same goods domestically instead of buying them from mostly China, who uses slavery and prison labor to.manufacture goods and they undercut our prices here deliberately only so that they can then jack the prices up once we go out of business.
Getting rid of an income tax like that would absolutely help small businesses survive. This is a huge step forward in keeping businesses in America alive. it will benefit small business more than it will ever benefit individuals. It will help small businesses be able to pay their employees more. Most of us lose about 25 to 30% of our pay to taxes and 20% of it at the minimum to the federal government . If we impose a 3% tariff on all goods coming in, that’s nowhere near the 20% we would gain back from not having to pay federal income tax.
@@mudvayne2311I say the people who want to get rid of Social Security should have to sign their names on ledger. They should sign away their access to SSA benefits and all welfare benefits then they no longer have to pay SSA taxes. Then when they get older we should make a reality TV show off their lives on the streets as an example to others.
@@mudvayne2311 It does because people don't save enough for retirement so if you take that away people are going to have work util they fall over dead.
One of the things that Trump was trying to correct was the massively one-sided tariffs with China, where their tariffs are way higher than ours. Also, they're a country that does not acknowledge IP or copyrights, etc, so he was trying to do something about that as well. Tariffs are a bargaining chip.
The Federal Reserve is a cancer that needs to be cut out. I wouldn't mind paying tariffs or even a higher sales tax on my purchases to keep 100% of my income and to not have to pay an accountant $600 each year to file my taxes.
@@jimmyowens954 Just to clarify the Federal Reserve's relationship with taxes, the Federal Reserve prints debt money and the IRS, the right hand of the Federal Reserve, collects the debt owed. Look at an old dollar note before 1953 and a modern one. Modern on says "Federal Reserve Note" backed by debt, and the old ones says, "Silver Certificate" backed by silver. With silver, you owe nothing. It is not debt. The Modern one is debt so the IRS goes out and collects on the debt in taxes and hands what's collected to the Federal Reserve.
Bring on the Tariffs, get rid of the federal tax on my paychecks. We're all taxed on our paycheck, then taxed on the items we buy after being taxed on our check. It's a terrible thing. Down with taxes!
The IRS has made it very clear that the 16th Amendment of the US Constitution gave them the powers to tax incomes. But there are 5 US Supreme Court cases that state clearly that, “The 16th Amendment conveyed no new powers of taxation”. Furthermore, the US Supreme Court stated that an income is a gain as in a profit while a wage is a trade of labor for money, the same as exchanging a $10 bill for two $5 bills. No gains, only an even exchange. A gain is when you buy something at $1 and sell it for $10. There is a $9 gain. But the IRS doesn’t care. They have the guns and they convinced the public that guns are bad in the hands of the people and good in the hands of our overlords. Even if We The People had the power to stop this injustice, the courts and judicial system are corrupt. If only we could ban together on this one topic, but the media has successfully corralled us into the pens they want us in. We The People are so divided by; Liberal vs Conservative Black vs White Man vs Woman Socialist vs Capitalist Democrat vs Republican. They have control of our school system as well, the indoctrination begins at school. The media has done their job to weaken the public and strengthen themselves and We The People do nothing except what they tell us to do, which is fight one another. We get paid wages and the IRS calls It income and they tax us.
Jesus that is not income if you can’t save a dollar after the trade and bills. This is why it’s backwards cause they should be taxing passible income and not earned income. We can come together if we get out there with signs in the streets and knock door to door to get it on a petition to change.
I once contacted Harry Reid and said we should replace the income tax with a sales tax. He wasn't for it because it would cut spending. That's what we want. People would have more to spend and save. It would keep spending from getting out of control and encourage saving. No one would avoid a sales tax, drug dealers, CIA arms smugglers, money launderers, they all pay.
There's already sales tax. Is a higher sales tax what you mean? Also, the illegal drug dealers, arms smugglers, and money launderers will always find a way around sales tax, they're doing it right now.
You're life will be more expensive. Just because they won't take more money from you doesn't stop the increase of inflation. You have to be more thoughtful of your long term financial health.
The States can take it away without the federal government's say via Article V. Two barriers: 1) The States have allowed themselves to become vasals by begging for federal money by passing the 16th and 17th Amendments and no longer have a direct say. Those two need to be repealed, but the States have become Oliver begging for more, instead of independent states whose Constitutional duty is to check federal power. 2) Many people (without even realizing, even some conservatives/libertarians) have changed religions and become marxists at heart, and won't make the hard decision to get rid of Medicare and SS over time. You'd be suprised how many conservatives will speak as if they are pwed entitlements just has bad as a liberal. They are addicted to the most dangerous drug on the planet, OPM. Other people's money. I fear we may be on the inevitable spiral down; addicts never give up their drug willingly, but we must keep resisting if there is to be hope.
Anyone that has ever gone through the process of owning and running a business in the U.S. on any level understands what he did and is trying to do. Everyone else watches social media and mainly agrees to whatever is being spat out. This is an observation I’ve made between running a business and going back to working a regular job..
The United States did NOT have a federal income tax from 1787 to 1913. Prices were generally stable. Since 1913, with the fiat federal reserve note, the "dollar" has lost 99.5% of its value. So the 400,000 house in 2024, was $2,000 in 1913. Kind of a big hike! It has resulted in INFLATION almost every year since 1913. Who doesn't like paying more for groceries, insurance, clothes, housing, taxes, gas, medical, dental, and everything else you need and buy? VOTE RED America, get rid of the st oo pi di ty!
Supposedly "income" taxes are not legal. It's said that income is profit that a corporation makes. There should not be a tax on the exchange of time and money between a person and another person or business entity. We are not corporations therefore should not be paying taxes. Allegedly...
You should study the law a bit more. The way America looks at its citizens, we are all corporate entities as a person being allow to access the monetary system with their SS #
Im in favor of eliminating income tax. We're paying into a system that spends money with no consequences, paying for programs (medicare/medicaid/SS, etc) that I have never and will never get use of.
Yo. I worked 48 hrs overtime at my job and i got hella taxed. They took 1/3 of my paycheck. And when i tried to apply for medicare.. i got denied for making too much money. And when i tried to apply for foodstamps.. denied again. But yet they took $1,500 out of ONE of my paychecks.. I have this friend whose a drug addict and has never had a job. He has free luxury housing equipped with a gym, a pool, jacuzzi….. he gets $325 food stamps and free medical.
@@toddaulner5393 its the worst!! And im not the type to hate on people getting help, but i think if im going to be paying for drug addicts to be living with less struggle than me.. then the least they can do is offer food stamps and medical to the working class. Its like the working class are working to support themselves and free loaders.
@@margievalles4241 well, i mean, my paycheck looked pretty good. So it was worth it. Its just the amount i couldhave gotten if taxes werent taken out. And i wouldnt mind paying taxes if i got the same help/resources as the non-working class. But yeh. Trump is getting my vote because of the taxes.
I don't think tariffs actually help Americans directly But trading income tax for tariffs makes tons of sense Especially if you can completely remove paperwork, and fbi oversight, it would be such a relief to do many small businesses reducing how many fail, and radically increasing how many people go into business, I currently owe about $0 taxes, but it will cost me over $10k to handle filings
Tax planning is crucial for optimizing investment returns. If not planned well, taxes can eat into your gains and significantly affect your portfolio growth.
Absolutely, proper tax planning can help minimize tax liabilities and maximize after-tax returns. It's essential to consider factors like capital gains taxes, dividend taxes, and tax-efficient investment strategies.
If the cost of foreign products goes up, the incentive to start production in the USA goes up. Our EPA can manage pollution generated and global pollution goes down. This is a win on so many levels.
Not to mention if business owners get to keep all the money they earn, they’ll be more likely to want to make products here which if they get rid of certain regulations that are just in place from lobbyists to keep competition down, could cause supply to increase reducing costs.
Remember, federal tax was only supposed to be temporary.
Correct. Taxes were only supposed to fund the war at that time.
Learned something new!
So was the haunt of convertibility of dollars to gold 🙄
Your federal citizenship was supposed to be temporary, but you kept using the social security number
Facts. I pay my taxes and STILL have to pay in at the end of the year. Fuckin bullshyt
There was no income tax from 1776 until 1913 and the US didn't just survive. It thrived.
Well said. Most people believed we have had taxes since our founding.
Thank you, finally someone who understands. Saudi Arabia, Dubai, & the UAE are mf thriving
@@MeMe-mv6us Seriously? We didn't have computers from 1776 - 1913 and the US thrived. This is a different time and a different country.
This may affect entitlement programs like social security and Medicare. These programs are already in financial trouble. I think the ending of those social programs would have to be accompanied with an end to federal income tax.
It’s funny something we learn in our history is the founding fathers fought against the crown because of taxes. And now we get taxed up the ass and everyone is like yeah this is normal .
My dad ran his OWN accounting business for 30 years. I've got a little bit better knowledge of the tax laws than your average citizens. My dad, myself, and EVERYONE reading this should be saying NO MORE FEDERAL INCOME TAX!!! NO MORE IRS!!! Period.
That would be nice not having the taxes. All these yrs of seeing these fat cat politicians getting richer as we pay more and more taxes.
There is a zero percent chance trump would do this.
Because Trump won't be president again.@@sarahpauline4904
@@sarahpauline4904Really? I think you're a victim of the lying lamestream media and you have embraced their lies.
Knowing that it would end his job, and he is still for it says volumes!!!!
These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?
I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.
This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolio
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Annette Marie Holt is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Taxes are the biggest scam in the world! We pay taxes to work, then get taxed again on everything we purchase, and taxed again on the earnings we make when were trying to be smart and invest! How anyone survives is beyond me! More people would be able to invest if federal taxes were removed! I like it!
Don’t forget that a lot of country taxes you for stuff that you ALREADY OWN.
Now this what I will like to see cares come with no property tax just buy them and no how I'm going to tag it I feel that once you buy that high priced car that should be sufficient 😅😅😅
You forgot to add that our heirs then have to pay outrageous inheritance taxes on what we leave them when we die !
Yet look at all the people who are losing their minds just in this chat, at the thought of no taxes. They can't even fathom being free.
@@davidcaressh2408 i guess if free mean no army no maintained road utility protection higher prices those taxes have to be made up somewhere.
Putting more tariffs in place instead of federal taxes would also encourage companies to produce in America
it would also encourage those same companies to automate at an even larger pace, limit wage growth, while using offshore labor for all customer service roles...
@jcsmith2231 companies have been automating at a good pace anyway regardless of location. You're still going to have those same products being produced in that automation facility. But speaking as someone who works in automation, it's not perfect by any means because you still need people to maintain the equipment and run it to an extent
True. As a manufacturing engineering specialist, the robots and other equipment must be maintained because it is constantlybreakingdown. @StrangeTokki
@DfromBoston I'm an automation maintenance Technician and oml are they a pain in the ass to work on. Each piece of equipment has its own quirks and problems. Doesn't help when they're made in countries with cheap labor.
American made cars are already of the lowest quality.. this would just make it worse
God, if he abolishes it, the amount of money I would have would actually allow my family to live !
You know idea.
I could actually fund a retirement for my mother, she's over 60 and STILL working to survive abd it's driving me crazy she can't retire because of taxes and the economy.
think of what everything will cost, from gas to appliances, cellphones, countertops, i mean almost everything will be more expensive.
@@marcusj3824 but we will producing most things
@@marcusj3824 Not true. America has enough gas for the whole world Trump proved that last time. As for appliances, cellphones, countertops, and exct They maybe a bit more expensive but you have the right to choose to buy them or not where as you dont with taxes. Which is how it should be! Freedom of choice is all ways better then forced compliance through threat of violence!
@@marcusj3824you mean... Unlike now?
If this would take place my small struggling business would be thriving and I wouldn’t have to stress working so much overtime just to make it . This would be a blessing.
NO more income taxes. NO more IRS......
That would be awesome, bye bye IRS and hello Department of Treasury
Dont forget the atf
2-3x the cost for car registration is still better than paying the irs
This is why the government is scared of Trump. He’s anti government.
Don't forget consumer debt is at record high so is national debt do you 🤡🤡🤡 really think that's going to help?????
America was not founded on taxation. Abolish the income tax and IRS NOW!
AMEN , and do away with property tax when paid in full ! The government gets richer and we are just a number to them to donate money to !
America was actually founded upon FIGHTING taxation ! Just something to think about that no one ever mentions. One of the reasons we fought for our independence was no taxation without representation...right ? Well, if you live in say Ohio and work in a bordering state, let's say Indiana. You have to pay Indiana tax at your job...but you don't LIVE in Indiana, therefore you cannot vote for Indiana representatives ! Isn't that the very definition of taxation without representation ?
@@keithsowder4308 unfair over taxation not taxes.
@@osm131 Kinda what we're experiencing now...right ?
@@keithsowder4308 well yes and no we do have lot more people and have a lot more world influences, here's a suggestion let cut gov worker wages make it so you don't get rich running the country. income tax is necessary to keep a economic balance it pay for everything army utility global activity's retirement infrastructure global conflicts so maybe we should look at cut gov wages that would put more money into our pocket and allow the government to keep paying for what needed may even bring down income taxes sale taxes and many other taxes best of all you get more money at the end of the year. i have always said one should not get rich run the country. smaller gov you can fire a lot of those useless workers trim the fat. i could go farther close those wasted program we have tons that do no good.
People arguing in favor of a tax return wouldn't need to rely on the tax return if they didn't need to pay taxes...
Unless you are referring to those who giddily pay nothing while receiving the ‘return’ otherwise known as other people’s money
Most of the ppl saying that DONT work and just collect the child tax credit every year for all of their bastard children.
Thise who gain the system will be very upset by this, I myself supports Trumps tariff proposal.
@@Gipsiwriteryou don’t know how taxes work and it shows lol. Tax returns are YOUR money. Literally if you paid too much in taxes they give you the difference. That’s what it is. You never get someone else’s money 😂😂
@@Cristian-et5bgover 20% of the population pays no taxes and receives money based on the "standard" deduction. Some of them get credits for being parents.
This is people who don't work, don't make above $25,000, and still receive a return. They literally pay no taxes and receive money from the government instead.
I believe this makes a lot of sense. Citizens will get tired of paying the higher prices for goods and then they’ll begin to produce goods here in America, making them cheaper and more jobs. This will Make America Great Again!
Not paying income tax would be like getting a stimulus check every week. This would negate any negative effects of raising tariffs. It would be a boom to the economy like no one has ever seen.
Annnnnd the price of goods would rise even higher than they are now
@@qbanz00 until supply caught up with demand
@@Yogosi supply and demand isn’t why the prices would rise …are you voting for orange man this year ? You should really do some research on HOW exactly he’s gonna do the things he says instead of just letting him fill you up with false promises
@@qbanz00 you are one to talk about false promises. What has your democratic party been doing for you? hmm? They are filling your head and have you so brainwashed bro. Its so obvious what the right choices are here yet some of you guys still are just so stubborn to say your wrong, its literally destroying our country before our eyes. How can you not see how over the last 4 years under democratic rule, that the country is literally in shambles?! Everyone is struggling to live!!! Yet, the 4 years before that under Trump, WE HAD MONEY! WE HAD A STRONG STOCK MARKET! WE HAD LOW TAXES! WE HAD RECORD JOBS! NO INFLATION! TARIFFS ON OTHER COUNTRIES TO PUT MONEY BACK INTO THE US POCKET! I MEAN DUDE, COME ON!!!! Everyday more and more people are waking up to see all this as it is. The majority see it now, even in the big dem cities...its time to drop this party nonsense, and jump on what is right! I hope you wise up. Good day.
@@qbanz00 I don't think you understand, there is no alternative that works besides this.
First stop sending out billions of dollars to other countries for their problems without getting it back
Or at least stop sending money to countries that are not allies
You mean trillions lol
The title of this show says Trump wants to Abolish Taxes....
So Now We Know Why He Was Shot At.
All presidents that were shot at, threatened taxes, IRS or Federal Reserves, in some form or fashion.
FYI, Hitler did the same thing, ended taxes, interest on money.
We give anything. Don't let the government fool you. We lend money, that actually doesn't even come from taxes.
@zhenyucai8688 it's actually future taxes.
Remember that that government has no commodities. So it has no income except for taxes.
The government can't give anything unless it steals it from the citizens first.
I don’t really think enough people take the time to understand how crazy getting taxed on your hard working money really is it is beyond sickening
BEYOOOOOOOOND!!! I’m sick of it!
It's serfdom
I work my butt off, and my earned dollar goes for a war I never agreed to participate in.
And then paying taxes on it again when you spend it...paying taxes for property you already own, taxes on a tag for a car that's paid for...taxes on the paperwork for filing your taxes...
I watched a video once about taxes and I can’t believe I didn’t ever realize this prior.
Everyone’s tax on their income and then they take what’s left over and go and buy goods and services with that tax money and then the people who are making an income off of taking you’re already tax money is then taxed. The amount of times that one dollar is taxed in this country and the fact that we have as big of a deficit as we do is insane!
They tax the money I make, the money I spend, and the property I OWN. America.. Land of the free.. As long as you pay up!
Under our tax system taxation is actually extortion (technically a crime), so abolishing taxes and the irs would be a very good thing. Currently as it stands, the system keeps all U.S citizens as tenants, instead of owners of real property as we all like to believe. Giving people access to 100% of their income to use as they deem fit would be a massive game changer.
Right - just print the money to use for government spending
@@Mav0585 "They're" already doing that. Much of the tax money is used to service interest on existing debt.
The problem with that is responsibility. Socialism removes that responsibility, hence it's popularity
@@Tusk_TactSo you like socialism?
Income tax is actually slavery. Look at the definition of slavery, and replace institution with Congress. Worse thing is, Congress knew it was slavery, hence the reason why they had to implement the 16th amendment.
I love it. This is one reason why I voted for him in 2016 and 2020. And it will be another reason why I'm voting for him in 2024.
Wait you VOTED for him and he won and trump never address this issue about taxes. He didnt stop taxes nor created a tariff. That means he didn't fulfill his promises to you but you still believe in him. What does that say about you??
@@MessyBootz-ex6zl He did a lot of other things that greatly relieved small business owners/self-employed and the amount of taxes taken out of everyone's paycheck!!! He finally stopped foreign countries from importing goods here tax free! While the USA was still getting taxed importing goods to these same countries! He did create the Tariffs.....you dont know what you are talking about! lol What does that say about you?! lol
And you believe trump three times, you are out!!!!
@@MessyBootz-ex6zlstuff takes time. He had 4 years of change and we were thriving. If you didn’t see this what does this say for you? If he gets elected again we will be on our way back to being free again from a corrupt government preying on the American $ inflation is at an all time high and we are in a recession.
He also promised us a wall😂 he’s a liar
No fed taX
No income tax
No property tax..
Do that.. And everyone would vote for it
Certainly
no they wouldn’t. The far left and people that don’t work always vote for more taxes. It’s how they fund all the BS social programs.
If all of this be taken away then what will economy look like
@@geraldinebarnes9016 we won't know until it happens.
Not everyone cause most people in big cities want the free money that democrats give out 😂
I always knew we needed a business man running the country versus a politician 😂
I hope , that maybe the reason they are trying to get rid of him.
Yes! Pay for my tax breaks! 😂😂😂
...din't he file for bankruptcy 6 times?
I pray that this happens & we have no income taxes anymore. What a huge blessing and prosperous way to live for our entire country!
This could happen if govt watches spending. Get people back to work rather than able bodied people sitting home not wanting to work. Quit sending billions of dollars to other countries are just a couple ways to greatly reduce govt spending.
Kamala raises taxes and Trump wants to eliminate income tax. LMAO such a hard choice.
It is if your brainwashed by the left.
Yet people will still vote for her. Because they only see what CNN says.
Idk man I gotta think real hard about it 😖😖
Do I wanna be broke? Or do I want more money?? 🤔
It's not being eliminated just moved around
@@afkqqqqmoved around so that another country pays. Not us. Watch the video.
Getting rid of an income tax like that would absolutely help small businesses survive. This is a huge step forward in keeping businesses in America alive. it will benefit small business more than it will ever benefit individuals. It will help small businesses be able to pay their employees more.
Yup it will abolish slavery in America once and for all
Get rid of the damn tax.
Get rid of taxes increase the price of everything else. Yep
@@darlenemoore6212 depends
You mean more in THERE pockets
Abolish not only income tax but also property tax and sales tax. Get rid of the not so federal Federal Reserve too and get rid of the current centralized banking system... Give the power back to the people!
Amen 🙏🏻
The other two are decided by your state, but no federal sounds amazing.
@@314chriswright Yes, but that is not the point of my comment. It needs to go.
Sales tax is allowed by the constitution.
@@solarsynapseSo what? It's not about what is allowed but what is right.... Humanity is going backwards since a long time but thinks it is evolving. It can't even get to the consciousness level when the constitution was written....sigh... The sad truth is that humanity is too asleep and not becoming a ware fast enough to fix things in its favor. If humanity was aware of the massive network of criminals in plain sight and their crimes they would know that the tax dollar is a drop on a hot stone and is not paying for much.... Now where is the money really coming from and the trillions of depth they create? Who is in control of the monetary system? When was it implemented and why? Is it a system of enslavement or freedom? Who is the Federal Reserve?.... I know. Do you? This is just one element of a million that are wrong. Wake up humanity!
First, abolish the Federal Income Tax. Second, abolish all Property Taxes. Finally, abolish all Sales Taxes.
If you did that who would pay for the state employees law enforcement and fire etc…??
@@Tambo1112I love the idea of lowering taxes. Get rid of income taxes and add it to the sales tax. That way people that spend money will pay more and people who have less money and don’t buy things can save more of their money. Makes way more sense. Property taxes are needed for your local roads, police, sidewalks, ditch maintenance, fire and EMS. Taxes are needed but does need reworking and more balancing.
How will the country run then? 😂
Keep sales tax tho just don’t go over 10-15% on items or keep it state issue
A little overboard
Is we didn't have federal tax then we wouldn't need the IRS. Wouldn't shutting the IRS save us money. Seems like a win win.
ssi retirement?
@@osm131sis got ripped off by welfare
@@osm131😂. Come up with a better system than that. Bring gold standard back.
@@mrbuck5059 would be nice.... but there's not enough gold in the world to fix this problem lol only thing we can do is make cutbacks in the government, why is that so bad might mean more money in your pocket.
@@osm131that’s when you put your money in investments
No income taxes = Cheaper domestic goods and more money for the American consumer to spend on them.
Taxation on foreign imports = Incentive for domestic companies to produce their goods domestically, which means more jobs for the American consumers to choose from, which means more competitive wages from employers.
Big ass win for the working class if you ask me.
Win win win 🏆 🎉
Also known this, if I could afford a 100,000 dollar car another 3000 in tariffs wouldn't make no never mind, but think about this, I pay roughly close to 500 a pay period for taxes, I get paid twice a month so let's round it off to 400 that would be 800 a month and in 10 months that would be 8,000 dollars so there you go now before you tell me my math isn't very good, look at your check stubs or online stubs and add it up going by how much you pay, also all of the people getting all the money for right offs won't be able to get out of paying if you have to pay sells tax
Taxation on foreign goods means that US based companies can get away without raising prices on goods and services bc they’d have less competition from foreign based companies. The people who end up paying the difference on these tariffs is the consumer.
@@Jay_draco are you suggesting that all American companies would coordinate increases and not compete with eachother?
@@TheUnseenSoldier That's off the top of your head. Tharts not how it works and it's not simple. There are many consequences. Read some economics and history books.
That would be incredible. Income tax was never supposed to be permanent
I always preach that people should STOP fighting for a livable wage, and start fighting for a livable tax!
Amen
people arguing that they WANT to pay taxes to the government is absolutely wild.
Weirdo
And weird… and a lie to play their games bc they know Trump is fixing to save everyone
Most of those people are left with 10’s or 100’s of millions after they paid their tax burden. Not people who are left with very little after the tax
@@mcmjlm I know absolutely zero rich people who want to pay tax.
@@83cjwest there’s a lot of them actually. That’s why California and New York always vote Democrat and they have the highest taxes
Everyone complains about expensive gas, but never complain about the taxes stripped from their paycheck
Over 50 cent of the fuel price here is in taxes.
Tarrifs can't make up the amount of revenue our government collects, today but with major spending cuts to non-essential services , and with streamlining of essential services to try to get more result for less money the government could really cut back its spending to operate within an amount of moeny it could collect on imported goods... in the long run we'd be much better off for that with more local manufacturing jobs.
We have taxation without representation going on right now. All our money is in Ukraine
If we have taxation without representation, it is because too many American citizens just complain about the government without being active like their responsibility to be involved would dictate. We need to hold our representatives accountable to represent US, not big corporations and special interest groups.
@stevenbingham3061 when they tried the democrats banned them from the centers so they can't go their and voice their concerns at the meetings good ole democrats lol
Gas will be $1.00 a gallon, and housing will drop 50%-70%
@@thatonekid71 This is why they call it a cult; people believe anything.
I believe that for the gas but the housing is probably where it's going to stay
@@jimmyowens954the only one to back up almost all his promises and more but didn't believe him and you probably believe that is 34 felonies for 34 families that he beat up and took all their money and they were probably people of color right? And you probably still believe that the Steele dossier with Russian collusion was real and you probably believe he told people to storm the capital. You didn't investigate any of that because if you would you wouldn't be commenting what your commenting. You would be confident in saying Trump 2024
@@jimmyowens954Not entirely true!! We don’t believe Anything the democrats say 🤡
@@jimmyowens954were you driving the last time Trump was in office? In the Memphis area anyway, gas was below $2 a gallon.
I can tell you as a small business owner, if the tax burden was lifted, I could raise pay for all of my staff substantially. The total tax burden on small businesses is atrocious.
You wouldn't need to. They'd keep thousands of dollars that's taken from them. I'd personally keep 9000 of my own if this reform goes through.
I will pay even more to my people with no taxes!
@@EpochUnlocked regardless, that would be what I already pay them and the govt’ takes. I would share the taxes that I pay for having them as an employee. Mind you this will not relieve workers comp ins, and business licenses (that are also a tax), and other govt’ taxes labeled as fees and license.
You could be would you mouth can say anything
It's true that the cost of goods may go up however you would have more money to spend because you're not paying federal tax anymore. I've always believed that they should eliminate taxation altogether and raise the sales tax slightly
The income tax was meant to be temporary. It's about time that happens.
To support war.
@@solarsynapsethat the same private bank financed
This country managed to get along just fine for 137 years (1776-1913) WITHOUT a federal income tax. I don't see any reason why we can't continue to do so now.
Because politicians would not be able to grift most of it into their pockets
Why did they start to tax you in 1913? Asking for a friend
@@davidbarlow6860 to pay for World War One, and they never stopped….. once they get a taste of your hard earned money they won’t give it back, they’ll just want more
Because they slowly changed what our entire system relies on for sustainability. It used to be the American people made America, now it’s whatever we borrow is burdened only on the American people. No matter what we went/go through, they always made money from it. Never forget that.
@davidbarlow6860 to help fund the civil war. It was supposed to be temporary but then politicians saw a wage increase opportunity.
The income tax was passed unconstitutionally. Instead of 3/4 of the states voting for it the US Senate decided to simply vote on it and pass it on to the President to sign it. If it’s such a good idea put it to the states to determine. A better idea would be to simply follow the Constitution. We’d all be better off.
The Law That Never Was.....it's a good book to read...
@@theskeptic9695 Martial Law, declared while we are in declared wars suspends the US Constitution and allows for things like introduction and passage of things like income tax.
@@kenyonbissett3512 correct, and since it's inception, we've somehow found the luck to be "in a declared war". Very interesting
@@theskeptic9695 What? The Revvnue Act of 1913 was passed as a result of the 16th Amendment which gave the Federal government the right to levy taxes and was ratified by 3/4 of the States. Please direct me to where you got you information because I love to read.
@jimmyowens954 coincidentally at the same time Woodrow Wilson shoved us into a nonsensical world War that created a BIGGER world war later.
I’m all for lowering taxes and abolishing the IRS
Let me keep my money, and choose what I buy
AMEN
I AGREE
Yeah! How will they repair the infrastructures in your area if you do not pay taxes? Everybody wants things for free.
@badabing9233 with the taxes collected from the tarrifs. What do you not understand here? You put more money into the hands of the American people, spurring a nationwide spending spree, and collect taxes on the spending to fund infrastructure and everything else.
Beautiful ya !
I’ve been sick of income taxes!
Watching people with children getting thousands n thousands of dollars even though that didn’t have to do anything the year prior, but a single man with no kids who worked all year won’t even hardly anything! I’ve watched ppl do nothing all year and just bc they have children, they are getting 5-10k just in income taxes!
It’s unfair
There is a reason for that. The federal government is rewarding you for increasing the population of the country. The US Society can not continue to grow without the introduction of a new working base. If no one has kids in 30 years no one would be able to work lower end jobs and you would not be able to move up in the world. The economy would stagnate. It’s the same as the increased standard deduction for married couples, it a reward from the government for getting married. The government understands marriage increases the likelihood of child birth which in turn increases societal growth.
I totally agree because I chose not to have children. I’m getting screwed and because the other people did screw, they get the benefit of the tax cuts. It’s BS. I agree with you.
@saintmatthew2634 what about when you're working 60 hrs a week and government takes %35, your income drops so much you're not considering marriage. I never met a hard worker that likes the idea of taxes.
@@noeezy1 Hey I’m not saying I like taxes. I’m just saying there is a reason behind it. There are many other things the government incentivizes as well. Investing, military service, business ownership etc… if you give to the nation or provide things that increase the strength of the nation in the governments eyes you get rewarded for it.
@@noeezy1 Also I work over 60hrs a week I have four children, a business, I served my country, I invest my money, I give to charity and my tax burden is minimal. I give therefore I receive. It’s a simple concept!
We need to revamp the tax codes. I'm pretty sure a majority of Americans have no problems paying taxes on roads, schools, hospitals and basic essentials. But 40 million a week to the Taliban and gender studies in Pakistan, nope!
I will always have a problem with my hard earned money being taken from me and being used frivolously by incompetent government agencies. I understand the point you’re getting at but no matter how little the government has to manage it is always done poorly because it’s not their money they are spending.
Schools, no I don't have kids, those who have children should fund the schools, they are the ones whos kids are getting misled with religion or dei. I don't want to fund either of those ideologies.
Nah. Other countries can pay that for us in Tariffs . Are we not the richest most powerful nation? Let us live that.
You already pay taxes on roads through gas tax and sales tax on goods pay for mostly all other government functions so income tax is extortion
No taxes period
I have not heard any candidate discuss cutting Federal spending. Which is our main problem.
Tariffs would not only add the taxes we need but it would also bring back manufacturing to our country.
Id much rather spend more on goods. I can always pick and choose what i buy.
Couldn't you do the same when paying no federal income taxes?
@@kingphizzo That's what he's saying.
I AGREE
Ditto ! That would be awesome
Or not buy anything at all.
When America first became a country, it was established that the Federal Government would be funded by tariffs charged on foreign goods. We did not have federal income taxes till 1913.
Facts
Yes and it took several years to be amended. It was also ratified into the constitution. It started as a 1%tax and not to all Americans either. There's a reason why public schools don't teach you about these things. They want us all dumb and to follow blindly. They are convincing parents and children to be for ever mutilated. Just 10 or 15 years ago if you said that this would happen in 10 years you would be checked in to a mental institution just for the assumption. For God so loved the world he gave his Only begotten son, for who ever believeth in him shall not parish but have Everlasting Life.
And the Government was 1% of the size it is now. So unless we are also talking about shrinking Government 99%, this discussion of no income tax is simply pie in the sky talk. It just is.
@xSayPleasex wrong, federal taxes are not necessary. But we should absolutely shrink the government. We have 3 million federal employees. License plate fees alone cover the entire infrastructure costs, yet we also pay gas tax. The military should charge for security it provides to the 11.7 trillion worldwide shopping industry.
I believe that they also used to do lotteries to help fund projects as well.
Taxation is theft, and no matter your reasoning, stealing is stealing, even if you think it’s for a good reason, and it opens the door to justify stealing more and more, hence the outrageous amount of things taxed today, and the future taxes proposed.
Yes, that's getting at the crucial ethical truth at the root of this.
We pay taxes for EVERYTHING. Once you do the math I’m sure 50% of our income goes to taxes. Gas taxes, income tax, property taxes, taxes on everything we buy.
Don't forget inflation..
That's the silent tax the Democrats don't tell you about
Ask Governor Gavin Newsome for expertise of tax you to death.
I remember a study from a few years ago, I believe it was over 70% of your money goes to taxes.
Plus, when you retire you pay taxes on the money you already paid taxes on and they also fine you if you withdraw to much a year to bay bills or health insurance!!!
I did the math last year and figured in the hidden taxes like healthcare and fuel/energy and inflation. They took 64% of my buying power off 150k between my wife and I who have 5 kids to feed....
The Federal Reserve should go too. It's not a Government agency. It operates independently.
you kidding me they have our money reserves oil reserve what if there a emergency nothing to helps then is there
@@osm131what?
Look into what happened to everyone that wanted state banking
@@WesternManofthePlains88 being we are in dept where are we going to get our money get loans from other countries? why not just make it government owned.
@@osm131 the country is in debt to whom?
Now i truly understand why the elites tried to kill my guy 😡😡
Inshalla, he's gonna save us
@@MoistnsquishyJesus Christ will save us brother.✝️
@Jesusnumber1 yes my lord. Praise thee
@@Jesusnumber1 PRAISE HIM
Don’t vote for mamala harris
Over the past 4 years I have paid back 40,000 in taxes. Every year I dread taxes as self employed I learned a lot over the past year. It’s still a headache having to do so much just to hide your income from Uncle Sam to not pay back taxes.
Lmao don't self incriminate yourself
This is how it used to be, before income taxes. The government made money on tariffs.
Yes and we pay for those Tariffs today.
@@81easton exactly look at what trump did
@@nickdelaney6953oh I see what he did and he wants to continue to do it. Tariffs are a blind tax.
The real challenge will be getting Congress to agree to it.
Yeah they would pretty much be signing their own pay cuts, not gonna happen.
I agree. They could always get paid through state taxes or something.
Exactly
The senate is still in control of democrats and some house republicans are traitors who shake hands with them.
You need the house / senate to be majority of same party or the other will just deny it.
Something good for America went out window long ago, it’s more what is good for only my party.
The world evolves and so should some laws. (the word amendment means to amend.) I think whatever law goes to be passed needs 66% of vote, because what’s good for country shouldn’t come down to it goes through because I have 1 more vote in my party.
I live on a ranch/farm and what is good for me might not be the same as someone in the city. I’m also a Christian and our country was built around God. It’s on our money and national anthem. We shouldn’t turn away as a country from him. I also understand it’s a free country and you can worship or not whoever you like. But don’t force the original belief to leave.
I don’t know where I’m going with this but maybe it shines a little light on something
Residential property tax needs to go too!! That is almost more important! Old people getting there paid for homes taken.....property tax is bad....and insanely high! $400 a month here and going up....that's insane!
Where do you live that has a 400$ a month property tax?? I pay 1600 a year!
That's a lot.
it is sinful for a property tax on someone that "owns" their home. you never truly never "own" something if you are taxed on it
Property tax definitely should go when you pay your house off.
My favorite aspects of the notion are that we only pay in if we buy foreign products and the incentives to have business overseas becomes less lucrative if the intent is to use foreign labor and sell to us.
Income taxes are killing me. I could have my own house if i didn't have to pay fed taxes
Yup. It would be the difference between myself struggling to survive, & being able to get by comfortably.
I would like to see him do Executive Orders on Congressional term limits and mandatory voter id!
Yes that's far more realistic but unlikely to pass. Democrats depend on fraud to win elections.
absolutely. they should be held to the same standard as the president. no more than 8 years.
As my knowledge of history has it, we fought a literal war over 2% taxation. We are currently sitting at 47% taxation.
Yea….
Correct, however drugs and greed flowed in from the mercury in top hats 🎩 to opium and heroin and others were the beginning of dumbing down a nation because 47% is mind boggling
My thoughts are similar to Regan’s: taxes are bad for the economy. Making goods more expensive via tariffs will not result in overall less money in the average American’s pocket. It would actually cause more jobs to be created in America, resulting in wage increases and increased funds for discretionary spending which would further fuel economic growth. It would hurt at first as the economy transitions back to one where goods and services are produced domestically causing many Americans to just more wisely which goods and services they spend their new-found wealth on. However, in the long run, locally made goods and services benefits everyone here and would lead to more competition and a more robust economy.
Our President Donald Trump is a business man, and not a corrupt self serving politician. I trust Trump 2024!
He not president Einstein
Trump is an heir to a fortune. He is also more corrupt than any politician we have ever had in american history. Why would you vote for someone who took 8.6 million dollars from the Chinese government during his failed last presidency?
Trump2024
@@laroygibson7053Neither are Obama and Clinton, yet those two are regularly called “President Obama” and “President Clinton” instead of “Former President”. Funny how the “Former” only ever gets tagged on Trump, but none of the Democrat Presidents.
@@Hawkcam1996exactly
Imagine how much money can be saved towards retirement paying off debt and creating memories with your family because their is extra money in your pocket.
Yes that helps, but people use debt by choice because they are not patient to save for a rainy day fund then buy the wants category on cash only. Banks are just another leech on people’s income. Breaking free is the best thing you can do even if your country will not.
Imagine putt putt courses and theme parks other than Disney and 6 flags like we used to have in the old days when smaller people could afford to give us those fun places to visit.
REMEMBER EVERYONE;
THE CHOICE IS NOT UP TO THE GOVERNMENT,
IT'S UP TO US!
Lmao
The income tax and the IRS are unconstitutional and could be abolished no problem what so ever.
You are supposed to be secure in your person and papers. You are not to be compelled to testify against yourself nor is your spouse to be compelled to testify against you. You are to be innocent untill proven guilty. The IRS violates all of these rights.
Tariffs sounds like a great idea. Stopping the griffting would cut the budget bleeding in half at least.
Something we are ignoring is that while the cost of imported stuff might go up slightly Trump has also said he would allow oil leases to drill more oil that would bring prices of fuel below $1 that hasn’t happened since 1980.
I’d have more $ in my pocket to do stuff with. Groceries would go down, & the cost of everything would go down because everything uses Diesel.
Just because ur gas is gasoline the gas that goes into ur car was hauled by a Diesel.
One economist said “drill baby drill” & a lot of out economic problems would fix themselves.
It's funny you say that. This is how STUPID some people are. Back when Obama was in office and gas had climbed to $5 a gallon, I didn't have a vehicle. There was a guy I worked with that had a scooter...so anyway. One day at work I'm bitching about gas being $5 a gallon and my co - worker with the scooter says "What are you bitching about ? It doesn't effect you or me !" He was SOOOO dumb I had to break down to him that it doesn't matter if you have a vehicle or not...everything you buy gets here by gas / diesel etc. and when companies have to pay more to get products to you...they pass that cost on to YOU ! So, even if you're not DIRECTLY paying for the increased gas prices....you're INDIRECTLY paying for the increased gas prices !
I will never understand people who are against drilling for natural gas. It is literally what runs the world. Our entire currency is based on it, the petrol-dollar. I suppose people just enjoy being poor...
Most of these corporations are not going to pass on the savings. They got all kinds of savings and breaks during COVID, and you still paid the same or more. Be careful what you ask for. The tariffs were changed for a reason. And then there became a stronger NATO, which someone wants to do away with, so our allies and ourselves are left hanging out there defenseless on many islands, coasts and countries. So maybe you want to enforce the draft to shore or improve our defenses after we alienate the other countries and make them charge us up the Ying yang for your nice Benz, Mercedes, Lexus😮 And you're still going to pay more for food and clothes. But Americans are overweight anyways with portion sizes too large, so you get what you pay for...buy less food.
I’m all in!!! Trump 2024!!!
You do know if you didn’t pay taxes that you’d be indirectly defunding the police right ? 😂 or you republiclowns don’t think that far ?
@@qbanz00 Trump said Income Tax not property Tax.
@@EgGu-l9y police aren’t paid from property tax lol . State and federally funded
I’m in a lower income household with a baby under 1. We are struggling so hard. We have NEVER struggled this badly. After Biden became president, everything just got worse and worse. We were thriving and moving up into the middle class under Trump. That’s how I view it. We were moving up under Trump. And under Biden we are hemorrhaging. That’s how I’m voting this year.
Exactly!!!
Had trump won election for a second term, you would be in a worse place. Trump was riding in Obama's economy, and Biden has been having to fix trump's economy. Trump isn’t getting rid of taxes if elected. That won't ever happen because he can't do that unilaterally. His whole tax plan is by raising tarrifs, which will actually cost you more
Same 😩😩🙏🏻🙏🏻
You do realize that Trump got handed and clean plate from Obama right and after Covid Biden got handed a bad plate. We will come out of this in a year hopefully and if Trump is elected again he will get another clean plate.
I have a similar experience. I considered myself well off when trump was in office, I work in sales. I made $100k/ year under Trump, & I live in a LCOL area. Under Biden, Im barely pulling $32k/year. That is drastic. People just dont have the money to buy shiny things under the dems, so the money doesnt flow.
Thank you for breaking this down. It really helped me understand the policies better!
harris was in favor of 70% income tax....let that sink in...
Property taxes need to go first.
property taxes aren't federal, and in some cases aren't even state taxes
Vote in state/local elections.
That’s your county, you should vote in your local elections
@taylorsmith5425 nah I'd save way more w income tax then we can work on property
That's for funding local improvement and schools. If you want to live in good neighbourhood, gonna have to pay.
Everything we touch is taxed. Food, clothing, cars, roads, utilities, cell phones, fuel, medicine, hotel stays, airline flights, entertainment, alcohol , the list can go on for a while.
Next would be air.
EVERYTHING!! WE THE PEOPLE LET IT HAPPEN...
And on top of that, they put a tax on the money that you make and then tax you again when you want to spend it!
idk man i just dont wanna pay taxes nomore
Money is taxed every time it moves.
That’s probably why people keep trying to take him out.
No taxes? Wow so we can actually afford milk AND cereal when we shop? 😂
Oh shit ! When the struggle is Real 😩🙄
How poor are you if you can’t buy milk due to taxes? Just curious. That’s crazy.
If you can’t afford it now. You won’t be able to afford when prices go up 😂
@@diegocuyuch1704right, if they end fed income tax, the price of goods and services will skyrocket
Items made in the US wouldn't have tariffs, so the price wouldn't increase. We don't import milk. It would be items like imported cars or appliances etc..
I wish we can stop property taxes.
That would be nice if you already own a house. If you don't the cost of land would shoot up so fast to offset a lifetime of tax savings. Afterall, from the seller's perspective you have more money now, so you should be able to afford it. If you can't, no problem, someone else has a lot more money because that marginal taxes would go away.😅
plus helps keep them from hoarding properties and keeping them empty
@@TheFirstRealChewyit Should be no property tax. If you own land you own land. Where they come up with this weird stuff when people was ok 👌 up to 1913 with their own land and property.
That's not how it works. Everyone benefits with lower taxes, not just sellers. Sellers want to sell. And supply and demand is still a thing. As a buyer, just say no to price gouging. @@TheFirstRealChewy
@@randomhiphop5055 yeah that's the reason I believe property tax should exist on investment property, the speculation market is wild. That said no taxes on primary residence. The fact you can be kicked off property you "own" for not making tax payment makes you a renter in reality. What if you lose your job, get a terminal illness, elderly on fixed income in inflationary environment?
Kamala said she is going to raise taxes. Trump is going to lower them. This 2024 vote is such a hard choice 😂
❤❤❤❤❤
On billionaires not poor or middle class Americans.
@@anonsecret9581business owners won’t just take the higher taxes open arms. They’ll pass it on to the middle and lower classes. That is why raising taxes on only wealthy business owners doesn’t work the way you think it does.
@@PDPIE1029 Billionaires....all 5 in America can afford to pay a few more dollars in taxes. That's a fact.
@@natedasaint I'd rather pay higher taxes in a democracy than lower taxes in an autocracy. 😂
Tariffs are great!!!!!!! Along with eliminating US taxes.
1. Tariffs will bring more jobs to us, as it will be more competitive now that higher prices for imports.
2. Americans can invest more and keep more if taxes are eliminated.
3. Just like Dubai, many millionaires will move to the US.
4. It benefits the country as a whole
Tariffs are where the US Federal Government received revenue from for more than the first 150 years of its existence.
We still have tariffs in place. With higher tariffs prices for foreign goods will increase. And not just that but any company who imports their goods here. We’ll see pretty high price hikes
@Cristian-et5bg , those are minimal comparatively. The issue here is understanding that the Federal Government should be small enough to only need revenue from tariffs during peacetime. Income taxes should be only used when we must go to war, and war should be rare. If we had listened to the founding fathers and Truman, we wouldn't have the military industrial complex getting us in constant trouble, thus making a constant income-tax a thing.
@Cristian-et5bg then america will be competitive and it will be worthwhile to manufacture those same goods domestically instead of buying them from mostly China, who uses slavery and prison labor to.manufacture goods and they undercut our prices here deliberately only so that they can then jack the prices up once we go out of business.
@@Cristian-et5bgso buy American and build with American materials.
That was before the federal government bloated itself to such an extent that it is no longer sustainable without extorting the citizenry.
Getting rid of an income tax like that would absolutely help small businesses survive. This is a huge step forward in keeping businesses in America alive. it will benefit small business more than it will ever benefit individuals. It will help small businesses be able to pay their employees more.
Most of us lose about 25 to 30% of our pay to taxes and 20% of it at the minimum to the federal government . If we impose a 3% tariff on all goods coming in, that’s nowhere near the 20% we would gain back from not having to pay federal income tax.
Need to tax ALL remittances at no less than 91% too. Keeps the money in our economy and helps prevent terrorists from getting as much money.
Get rid of Fed tax, Social Security tax, and Property taxes
For sure.
Social security needs to be protected at all costs
@@mudvayne2311I say the people who want to get rid of Social Security should have to sign their names on ledger. They should sign away their access to SSA benefits and all welfare benefits then they no longer have to pay SSA taxes. Then when they get older we should make a reality TV show off their lives on the streets as an example to others.
@@GraymanPodcast I think you're just spewing verbal salad without thinking.
@@mudvayne2311 It does because people don't save enough for retirement so if you take that away people are going to have work util they fall over dead.
As a small business owner, this would be a dream come true.
One of the things that Trump was trying to correct was the massively one-sided tariffs with China, where their tariffs are way higher than ours. Also, they're a country that does not acknowledge IP or copyrights, etc, so he was trying to do something about that as well. Tariffs are a bargaining chip.
Also remember how the IRS doubled their staff now they gonna cut the staff back in HALF🤣🤣🤣🤣
Tariffs also incentivize foreign companies to build factories in the US and add new jobs
Lolol ‘You may remember the word tariff from a random history class you took in high school’ literally this was Me! 😂😂😂 thank you for the explanation
The Federal Reserve is a cancer that needs to be cut out. I wouldn't mind paying tariffs or even a higher sales tax on my purchases to keep 100% of my income and to not have to pay an accountant $600 each year to file my taxes.
This guy gets it.
@@JeffreyKyleDin I don't get the Federal Reserve part. The FedRes has nothing to do with taxes.
@@jimmyowens954 Just to clarify the Federal Reserve's relationship with taxes, the Federal Reserve prints debt money and the IRS, the right hand of the Federal Reserve, collects the debt owed. Look at an old dollar note before 1953 and a modern one. Modern on says "Federal Reserve Note" backed by debt, and the old ones says, "Silver Certificate" backed by silver. With silver, you owe nothing. It is not debt. The Modern one is debt so the IRS goes out and collects on the debt in taxes and hands what's collected to the Federal Reserve.
@@JeffreyKyleDin Thank you sir for that explanation.
Bring on the Tariffs, get rid of the federal tax on my paychecks. We're all taxed on our paycheck, then taxed on the items we buy after being taxed on our check. It's a terrible thing. Down with taxes!
The IRS has made it very clear that the 16th Amendment of the US Constitution gave them the powers to tax incomes. But there are 5 US Supreme Court cases that state clearly that, “The 16th Amendment conveyed no new powers of taxation”. Furthermore, the US Supreme Court stated that an income is a gain as in a profit while a wage is a trade of labor for money, the same as exchanging a $10 bill for two $5 bills. No gains, only an even exchange. A gain is when you buy something at $1 and sell it for $10. There is a $9 gain. But the IRS doesn’t care. They have the guns and they convinced the public that guns are bad in the hands of the people and good in the hands of our overlords. Even if We The People had the power to stop this injustice, the courts and judicial system are corrupt. If only we could ban together on this one topic, but the media has successfully corralled us into the pens they want us in. We The People are so divided by; Liberal vs Conservative Black vs White Man vs Woman Socialist vs Capitalist Democrat vs Republican. They have control of our school system as well, the indoctrination begins at school. The media has done their job to weaken the public and strengthen themselves and We The People do nothing except what they tell us to do, which is fight one another. We get paid wages and the IRS calls It income and they tax us.
Jesus that is not income if you can’t save a dollar after the trade and bills. This is why it’s backwards cause they should be taxing passible income and not earned income. We can come together if we get out there with signs in the streets and knock door to door to get it on a petition to change.
So fight.
Very well said. No matter how well-meaning Trump may be, he's not going to cure America in 4-8 years.
You can not tax a person for there labor US Supreme Court ruled unconstitutional . No seems to follow this ruling
I once contacted Harry Reid and said we should replace the income tax with a sales tax. He wasn't for it because it would cut spending. That's what we want. People would have more to spend and save. It would keep spending from getting out of control and encourage saving. No one would avoid a sales tax, drug dealers, CIA arms smugglers, money launderers, they all pay.
There's already sales tax. Is a higher sales tax what you mean? Also, the illegal drug dealers, arms smugglers, and money launderers will always find a way around sales tax, they're doing it right now.
You're life will be more expensive. Just because they won't take more money from you doesn't stop the increase of inflation. You have to be more thoughtful of your long term financial health.
The greed in this country there is no way the goverment walks away from $2.3T per year.
With tariffs they potentially bring in more than that.
Didn’t watch the whole video.
They won’t
The States can take it away without the federal government's say via Article V. Two barriers:
1) The States have allowed themselves to become vasals by begging for federal money by passing the 16th and 17th Amendments and no longer have a direct say. Those two need to be repealed, but the States have become Oliver begging for more, instead of independent states whose Constitutional duty is to check federal power.
2) Many people (without even realizing, even some conservatives/libertarians) have changed religions and become marxists at heart, and won't make the hard decision to get rid of Medicare and SS over time. You'd be suprised how many conservatives will speak as if they are pwed entitlements just has bad as a liberal. They are addicted to the most dangerous drug on the planet, OPM. Other people's money.
I fear we may be on the inevitable spiral down; addicts never give up their drug willingly, but we must keep resisting if there is to be hope.
they will abolish the IRS it will be like end of Star Wars return of the Jedi lol
Anyone that has ever gone through the process of owning and running a business in the U.S. on any level understands what he did and is trying to do. Everyone else watches social media and mainly agrees to whatever is being spat out. This is an observation I’ve made between running a business and going back to working a regular job..
The United States did NOT have a federal income tax from 1787 to 1913. Prices were generally stable. Since 1913, with the fiat federal reserve note, the "dollar" has lost 99.5% of its value. So the 400,000 house in 2024, was $2,000 in 1913. Kind of a big hike! It has resulted in INFLATION almost every year since 1913. Who doesn't like paying more for groceries, insurance, clothes, housing, taxes, gas, medical, dental, and everything else you need and buy?
VOTE RED America, get rid of the st oo pi di ty!
Supposedly "income" taxes are not legal. It's said that income is profit that a corporation makes. There should not be a tax on the exchange of time and money between a person and another person or business entity. We are not corporations therefore should not be paying taxes. Allegedly...
Right! Money is taxed like three times before we even spend it on taxed goods
You should study the law a bit more. The way America looks at its citizens, we are all corporate entities as a person being allow to access the monetary system with their SS #
YOU are a company that's why you have a social security number
@onlyoneromeo...The courts never address u by your name but by a number. And court docs always print your name in all CAPS, like a corp.
@@AS-um2rj I work for the courts. This is not true.
Im in favor of eliminating income tax. We're paying into a system that spends money with no consequences, paying for programs (medicare/medicaid/SS, etc) that I have never and will never get use of.
Yo. I worked 48 hrs overtime at my job and i got hella taxed. They took 1/3 of my paycheck. And when i tried to apply for medicare.. i got denied for making too much money. And when i tried to apply for foodstamps.. denied again. But yet they took $1,500 out of ONE of my paychecks..
I have this friend whose a drug addict and has never had a job. He has free luxury housing equipped with a gym, a pool, jacuzzi….. he gets $325 food stamps and free medical.
Terrible isn't it?
@@toddaulner5393 its the worst!! And im not the type to hate on people getting help, but i think if im going to be paying for drug addicts to be living with less struggle than me.. then the least they can do is offer food stamps and medical to the working class. Its like the working class are working to support themselves and free loaders.
Damn
It doesn’t even pay off to work OT anymore! And that’s how it works the working class pays for everything!
@@margievalles4241 well, i mean, my paycheck looked pretty good. So it was worth it. Its just the amount i couldhave gotten if taxes werent taken out. And i wouldnt mind paying taxes if i got the same help/resources as the non-working class. But yeh. Trump is getting my vote because of the taxes.
I don't think tariffs actually help Americans directly
But trading income tax for tariffs makes tons of sense
Especially if you can completely remove paperwork, and fbi oversight, it would be such a relief to do many small businesses reducing how many fail, and radically increasing how many people go into business,
I currently owe about $0 taxes, but it will cost me over $10k to handle filings
That's true. Changes in tax policies, both domestically and internationally, can have significant implications for investors.
It's crucial to work with financial advisors who understand these complexities and can help navigate them effectively.
Tax planning is crucial for optimizing investment returns. If not planned well, taxes can eat into your gains and significantly affect your portfolio growth.
consulting with a financial advisor can provide personalized insights and help align your investment strategy with your retirement goals.
Absolutely, proper tax planning can help minimize tax liabilities and maximize after-tax returns. It's essential to consider factors like capital gains taxes, dividend taxes, and tax-efficient investment strategies.
Working with professionals who have expertise and experience in the market can provide valuable insights and guidance to navigate volatile times.
If the cost of foreign products goes up, the incentive to start production in the USA goes up. Our EPA can manage pollution generated and global pollution goes down. This is a win on so many levels.
Not to mention if business owners get to keep all the money they earn, they’ll be more likely to want to make products here which if they get rid of certain regulations that are just in place from lobbyists to keep competition down, could cause supply to increase reducing costs.
If you want to get rid of the so-called income tax, you would have to get rid of the Central Bank as well.
ok
Hmmm... did JFK try to do that and hence he was shot at?
@@notursavior1861 yes, plus he didn't want to go into Vietnam
Great! Let's do so.
Good our money is near worthless anyway
I couldn’t even imagine not having property taxes, America would be very great if that happened!