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popsdenver

(2,109 posts)

23. the Republicans have wanted

Fri Nov 28, 2025, 10:42 AM

Nov 2025

to install a 30-40% VAT tax to all purchases instead. Which is a terribly regressive sales tax to replace the income tax.
It is the perfect we dream for the Uber rich...........they can get taxed on just their purchases, which is a monstrous end to the taxes they pay now to the IRS.......As an added bonus, they pay a fortune for tax accountants and tax lawyers to take care of IRS requirements, which they will no longer have to spend..........
The Republicans point to European countries that have a VAT tax.......leaving out the fact that the VAT tax in those countries provides FREE medical, as well as FREE education, etc. etc. etc. to all their citizens.......And the Republicans certainly won't provide for any of that, if they pull off replacing Income & investment taxes with a VAT tax......
And, they will wipe out all the social programs which is even a bigger bonus for the Uber Rich....Medicare, Medicaid, Snap, medicine,......the list is endless......

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Donald Trump Proposes Eliminating Income Tax [View all] BumRushDaShow Nov 2025 OP

Waiting to hear bucolic_frolic Nov 2025 #1

But . . . . no_hypocrisy Nov 2025 #2

this is just ONE popsdenver Nov 2025 #20

The only benefit is we might get to play Running Man with the ultra wealthy for when it crashes. cstanleytech Nov 2025 #25

So in other words,a new tax to eliminate payroll taxes eh?? In the end your still taxed. Bengus81 Nov 2025 #3

Stupid, simple thinking. marble falls Nov 2025 #4

His forte. nt eppur_se_muova Nov 2025 #36

That was Trump's plan all along: return to the Gilded Age by replacing the federal income tax with tariff revenue. sop Nov 2025 #5

Bingo Picaro Nov 2025 #35

maybe cutting out income tax, completely........ Escape Nov 2025 #6

if you believe the conservative premise that reducing taxes increases revenue rampartd Nov 2025 #7

Even one of the original promoters of that - David Stockman - admitted that it was wrong BumRushDaShow Nov 2025 #9

stockman wrote one of the finest descriptions of reaganomics - "the triumph of politics" rampartd Nov 2025 #10

In that clip BumRushDaShow Nov 2025 #12

"deficits do not matter. reagan proved that." cheney rampartd Nov 2025 #13

They don't mind the deficits BumRushDaShow Nov 2025 #16

Do you have to tap your heels three times and wear ruby slippers as well? travelingthrulife Nov 2025 #19

IOW how to kill our government and let rich turn us back to feudalism. GreenWave Nov 2025 #8

Rampant desperation on display, here. Paladin Nov 2025 #11

Trump and Republicans popsdenver Nov 2025 #22

I've said the same thing since it started AZJonnie Nov 2025 #30

This may be the single most idiotic thing he has ever said Wiz Imp Nov 2025 #14

the Republicans have wanted popsdenver Nov 2025 #23

"cutting income tax, which he said could be achieved thanks to the effects of his trade policies." mdbl Nov 2025 #15

"To replace ALL federal taxes would require tariff revenue to increase by 16 to 17 times..." J_William_Ryan Nov 2025 #17

Perfect storm. Fire everybody and then eliminate public funding for services travelingthrulife Nov 2025 #18

The Simpsons bmichaelh Nov 2025 #21

"BTW, how many times has a Democratic President followed to fix the Republican failures in economy." BumRushDaShow Nov 2025 #29

What COULD replace it?? nitpicked Nov 2025 #24

I guess that wiped the epstein files off the thanksgiving discussion list PSPS Nov 2025 #26

He'll do anything to get the wee brains of his magas revved up. ificandream Nov 2025 #27

Throwing cake to the MAGAt masses, Bayard Nov 2025 #28

trump is delusional LetMyPeopleVote Nov 2025 #31

Yeah sure... LudwigPastorius Nov 2025 #32

Donnie don't do numbers so good. rsdsharp Nov 2025 #33

Just spitballing here BWdem4life Nov 2025 #34

Trump's use of tariffs is unconstitutional thought crime Nov 2025 #37