Value Added Tax (VAT).

Which means if you stop buying imported goods (if you can), you pay less than your income tax.

A lot of suckers will go for that.

right after he sends out $2000 tariff checks.

this is actually one of their "flat tax" daydreams.

the play is to run up so much debt that trump and rico buddies cand get away.

... meaning the poorest, lowest income Americans will be shouldering most of the burden, because inflation-from-tariffs will take a much larger portion of their incomes. Meanwhile the one-per-centers will receive most of the privileges and almost none of the burdens of funding our government.

They pay little or no income tax due to very low earnings. With Trump's plan, they will be paying more and the very rich will be getting a free ride.

Our enemies must be thrilled.

Also income pays for a lot of state programs, state and cities services, and state salaries. Wouldn’t that mean you would have to pay out of pocket for state, city, town use of services?

the loss of food, housing, and elder assistance, and few states will survive bankruptcy. From everything I read, the tariffs are not bringing in what he and Bessent say they are.

His new "Gilded Age" threatens to spiral us into another Great Depression.

Last edited Fri Nov 28, 2025, 09:03 AM - Edit history (1)

We are half-way there now.

We no longer have a govt.

elections. Was always being "audited." Like with the Epstein files -- when he's hiding anything, he comes up with excuses about how it should be done, but his lawyers are telling him that it can't be done.

The very rich get to buy up everything and the US population will never get to own homes/build a little personal wealth.

I know some young people who have professional degrees and good incomes but they
have so much student debt they cannot get a home loan. They live in apartments.

Will probably never be able to save enough to invest in home ownership. All part of the plan to return the world to a feudal state.

The poor will pay the highest percentage and the rich the lowest.

Frankly, I think he's talking about removing the income tax from the top tier, not the middle and poor. Because you know, they're the "job creators" (bunk) and they're his buddies and wanna-be buddies.

The one-per-centers would get almost all the privileges and none of the burdens of funding our government. The rest of us would see the exact opposite effect. I think the French had the right idea in 1789, it's time to bring back the guillotines.

money wise, starve the states (blue) they hate, of anything economically. One rule, total dictatorship.

Like his $5,000 Doge refund checks and his $2,000 tariff refund checks. Trump has this delusional idea that foreign countries pay the tariffs.

Their Project 2025 laid it all out for Trump.

Let’s completely get rid of Trump, his cabal of hateful traitors, and the christofascists of the Heritage foundation.

Based on a fake promise.

Sure, Jan.

I wouldn’t count too heavily on either one happening, though.

plus no more tax coming out of my earned income?
What a guy! I’m going to celebrate and send him that 5 grand he wants for his gold painted shoes. I’ll take it out of my rent check… I’m sure my landlord will wait for it till next month once I explain how the money is about to roll in.

Stable jeenyus.

Put it this way...to paraphrase Jerryt Maguire - about tariff income...
SHOW US THE MONEY!

To hide the fact that he has effectively ended income tax on the filthy-rich and pedo Trump's buddies.

You are never going to see any tax relief for the rest of us, not from pedo Trump. Someone has to pay for his ballroom and Ice Barbies's private jet. The grift ain't enough.

I wonder how much longer his rubes/cult members will fall for his schtick before they wake up and realize he's been pulling one over on them?

which may make it the most idiotic thing anyone has ever said.

Total tariff revenue for FY2025 was about $195 million. The highest monthly total was $30 million. Project that over a full year and it's still just $360 million.

The revenue from individual income taxes only was $2.66 Trillion! The revenue from ALL federal taxes was about $5 Trillion!!

Therefore, to replace JUST the individual income tax, would require tariff revenue to increase by 9 times the level of the highest month thus far AND continue at that level for a full year. To replace ALL federal taxes would require tariff revenue to increase by 16 to 17 times the highest monthly level so far and continue at that level.

In other words, the idea that tariff revenue could replace income tax revenue is not just insane, it's BATSHIT INSANE!! CUCKOO BANANAS INSANE!! NEED TO BE LOCKED UP IN A RUBBER ROOM INSANE!!!

much lower can we go?

"Trump utter a bunch of nonsense today. No need to go into details. It's just ramblings of an old nut."

Sure would make journalists jobs easier.

Economists have crunched the numbers, and found you'd need a tariff rate of 100%, on ALL imports, to offset income taxes at the current rate.

That also assumes that our imports wouldn't fall off a cliff due to the massive increase in the price of imported goods, which we know is impossible.

AND, it means that none of the tariff money could go towards his $2000 rebate check OR paying off the federal debt.

We've reached a point similar to Hitler playing with model cities of Germania in his bunker, planning out his glorious 3rd Reich, while bombs were falling on Berlin. Except for Trump, it's economic fantasy, not architectural.

https://www.iflscience.com/germania-hitlers-dream-for-his-third-reich-capital-megacity-69011

Not all income tax can go away. You need to tax income to feed the Social Security Fund.

And no, I don’t accept that just keeping more of our money in our pockets will guarantee us enuf money saved to build our own retirements. Unless you take the time to teach everyone how to save, and provide better safer saving ‘instruments” for our retirement money.

The Stock market was never the answer. There is no interest on regular savings accounts anymore. CD’s are OK but those have also faced shrinkage of interest rates. I think that after a certain age, they shouldn’t be allowed to tax the pre-tax money you set aside. And there shouldn’t be a required minimum distribution starting at a certain age. I’m torn between taking the money out which means it sits in a low/no interest savings or CD. I need to maximize what’s in there so I don’t face destitution and will need the money for a nursing home.

At 71, I’ve seen it all, and tried various methods. They all suck. I’m in a money market fund now. Moved from the stock market after 3 serious crashes since 2000. Not again. Did it the week after Trump was re-elected. Yea, I’ve missed some highs now, but my money is stable and I get a small bit of interest every month. My balance isn’t going up and down like a yoyo.

Trump pay's little income tax since he has little income. His pay comes from capital gains. Has for decades. And capital gains (income mostly for the wealthy) is taxed at a far lower rate than regular income.

Which is what tariffs are. Trade on tax for another. But the only way to make it work dollar for dollar, income tax vs. volatile tariff revenue, is to cut and eliminate much of the federal government.

It's fucking madness. And anyone who gets giddy about this is a fucking moron.

His own Treasury department is estimating only $192 billion in tariff revenue for 2025.
That's 8% of the amount of personal income tax collected in '24.
Those revenues are $2.2 trillion below what income tax generates.

And we started the federal income tax because it didn’t work.

His head is a useless attachment.

And help the blue states since the blue states give more than they get back. The blue states would raise state income taxes and fund the former federal programs with state dollars. The red states would be devastated

It is truly a new Golden Age in Amerikkka.

Tax dodging traitor working for the planet’s greedheads.

Total Income Tax collected; $5 trillion.
Total tariffs in 2025 estimated: $300billion.

And that's with an income tax AND his idiotic tariffs.

He's such a fucking moron. The only person stupider is whoever buys his bullshit.