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Trump wants to eliminate income tax on those earning less than 200k a year. OT is fricked

Posted on 4/27/25 at 4:08 pm
Posted by Skenes
Member since Mar 2025
89 posts
Posted on 4/27/25 at 4:08 pm
quote:

In a post on Saturday on his social media platform Truth Social, Donald Trump claimed that the tariffs will help reduce income tax for people, with the potential for being ‘completely eliminated’ for some.

The focus will be on those who earn less than $200,000 a year, he said.


LINK
This post was edited on 4/27/25 at 4:09 pm
Posted by BabyTac
Austin, TX
Member since Jun 2008
14235 posts
Posted on 4/27/25 at 4:10 pm to
Good way for middle managers to quit their jobs and go back to senior level positions.
Posted by VOLhalla
Knoxville
Member since Feb 2011
4756 posts
Posted on 4/27/25 at 4:15 pm to
Are you stupid enough to actually think anything close to that will actually happen
Posted by HagaDaga
Member since Oct 2020
3091 posts
Posted on 4/27/25 at 4:21 pm to
This will backfire on people who want it eliminated across the board.

Right now all salary ranges are in agreement here. Take out this group, and they'll be out of the fight completely. Won't care about others. It's like the welfare people. They don't care about income tax breaks, cause they don't pay in. Unless it benifits them somehow, they don't care.

A flat % set tax for all, and get people off the govt cheese is the best for society long term imo.
Posted by TaderSalad
mudbug territory
Member since Jul 2014
25102 posts
Posted on 4/27/25 at 4:24 pm to
tPeoples President!

Posted by WhiteMandingo
Member since Jan 2016
6858 posts
Posted on 4/27/25 at 4:25 pm to
I'm actually happy for the people who don't have to pay shite as long as I don't have to pay more to cover the difference.
Posted by Murray
Member since Aug 2008
14698 posts
Posted on 4/27/25 at 4:25 pm to
This will never happen.

quote:

A flat % set tax for all, and get people off the govt cheese is the best for society long term imo.


Agreed but this also will never happen unfortunately. Not while we’re alive at least.
Posted by Volvagia
Fort Worth
Member since Mar 2006
52347 posts
Posted on 4/27/25 at 4:34 pm to
Also, you won’t like how high that rate would have to be. As much as the talking point of the rich paying their fair share is used, they really do pay the overwhelming majority of taxes.
Posted by DaBike
Member since Jan 2008
10126 posts
Posted on 4/27/25 at 4:35 pm to
We need to implement a consumption tax for everyone and eliminate the IRS.
Posted by forkedintheroad
Member since Feb 2025
245 posts
Posted on 4/27/25 at 4:37 pm to
quote:

I'm actually happy for the people who don't have to pay shite as long as I don't have to pay more to cover the difference.


Taxes going down.
Spending going up.

Just who the frick do you think is going to cover the difference?
Posted by theunknownknight
Baton Rouge
Member since Sep 2005
59158 posts
Posted on 4/27/25 at 4:38 pm to
Millions just went from filing married to filling single jointly
Posted by Yaboylsu63
Member since Mar 2014
2090 posts
Posted on 4/27/25 at 4:42 pm to
I’d need to know how this is planned.

If the first 200k isn’t taxed then taxes on dollars after, that’s still an upgrade.
Posted by ragincajun03
Member since Nov 2007
24756 posts
Posted on 4/27/25 at 4:49 pm to
Even less people pulling the wagon.

Great.
Posted by biglego
San Francisco
Member since Nov 2007
80035 posts
Posted on 4/27/25 at 4:50 pm to
Would be a lot of unemployed CPAs
Posted by WhiteMandingo
Member since Jan 2016
6858 posts
Posted on 4/27/25 at 4:53 pm to
I think I will, but in a perfect world I would not.
Posted by buford4LSU
Thibodaux, LA
Member since Jan 2008
2477 posts
Posted on 4/27/25 at 4:57 pm to
Is it $200K individuals or married?
Posted by weurf3
nola
Member since Jun 2004
1195 posts
Posted on 4/27/25 at 5:04 pm to
Single filer or married 200k?
Posted by Darth_Vader
A galaxy far, far away
Member since Dec 2011
68839 posts
Posted on 4/27/25 at 5:14 pm to
Tariffs is pretty much the way the federal government was funded up to 1913
Posted by NIH
Member since Aug 2008
116994 posts
Posted on 4/27/25 at 5:30 pm to
Our government is pretty analogous to the 1913 government as well
Posted by bad93ex
Walnut Cove
Member since Sep 2018
30638 posts
Posted on 4/27/25 at 5:35 pm to
If you would have read your Project 2025 manual then would know what tax breaks are coming your way.
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