Trump hinted at his overall plan this evening when he said that in 1913

[Sogo]

"for some unknown reason" they instituted the income tax. IMO, he's planning to end income tax and replace it with these tariffs, which are essentially a VAT tax.

He has actually said on occasion that he would get rid of income taxes.

[617Blue]

1. Most people don't even pay income tax. Upper incomes do. Hmmmm

[niyad]

4. uh huh. That is why the average person pays more in taxes than

corporations and the wealthy do.

[617Blue]

6. Guarantee much of MAGA thinks payroll taxes are income tax.

[Ocelot II]

8. The people who don't pay federal income tax - mainly those who earn less than $30,000,

many elderly people and single people with children - still have to pay FICA and various sales taxes, including the federal gasoline tax, and state income tax. Sales taxes are regressive.

[stopdiggin]

11. originally, I thought this was the poster's honest opinion

I'm now leaning toward sarcasm - and a paraphrasing of some silly right wing cant.
( because, honestly who is that deaf, dumb and - blissfully ignorant ? )

[617Blue]

15. He wants to shift the burden from upper income to lower. *

[stopdiggin]

17. okay. and that's if we're going to go out on a limb

in ascribing coherent motivation ... (rather than just the vicious 'tear it all down' that seems to feature rather prominently .. )

( the idea that the compensation people receive for their labor - is not considered income, or taxed .... doesn't sit very well in this corner. sure looks different than that on most of the 1040s I've ever run across. )

[Sogo]

12. The lower income people will now be paying taxes in lieu of income taxes.

nt

[Ocelot II]

2. He can't do it; that would require an act of Congress.

Specifically, the repeal of the Internal Revenue Code. He can't do it by EO.

[Sogo]

3. Well, he's doing all kinds of things the he can't legally do, that require acts of Congress.

It seems we'll just have to stay tuned....

[unblock]

5. The way these guys operate, who knows.

*Legally*, you're right of course.

But these clowns could just fire everyone at the irs. Hell, they'll destroy everyone's returns.

Or maybe they'll only do that for donors....

[C_U_L8R]

7. Isn't this Congress' job?

This wartime nonsense needs to be challenged. And these idiotic tariffs squashed. And if the GOP had any sense at all, they'd jettison Trump along with his pudgy bearded bully with the eyeliner.

[Historic NY]

9. VAT, tariffs and high prices

value add tax every places along the production chain add their piece of the pie, the consumer in the end pays for it all. This is a consumption tax its more likely to cause more pay for those that can least afford it. The rich don't but much small ticket stuff. A trip to Walmart means paying more, a trip to buy a chair means you pay more, buying small appliances, means more.....etc It isn't a substitute for a sales tax, you'll still have that too.

[Sogo]

10. Not suggesting it's a substitute for a sales tax, but in TSF's mind a possible substitute for INCOME taxes.

nt

[Historic NY]

13. States and localities will still keep their sales taxes.

by eliminating income tax the rich will get to keep more of their money as they are not likely avid weekly consumers. They spend less and will keep more.

[Sogo]

14. Agree.

This is a means to shift any tax obligation from the top earners to the low income earners.

[eppur_se_muova]

16. KNOWN reason: Tariffs fell most heavily on those who could least afford them. Income tax was preferred by most Americans

Matt Dowd explained this on Nicolle's show yesterday.

https://www.msnbc.com/deadline-white-house/watch/-voters-resoundingly-rejected-chainsaw-wielding-billionaire-nicolle-wallace-on-wisconsin-election-236221509865 (discussion begins ~5:00 in)

OOPS, SORRY. Can't find that part of the interview. May have to link to the whole episode, which requires a password.