Oh no the government won’t get as much money😂😂😂😂

They waste our tax money on things no one wants anyway

We are tax slaves. Over half our income is taxed if you do the math.

The government is insanely wasteful and could survive on half its current payroll. No taxes =no IRS and at least 87,000 less employees. Budgeting and increasing tariff revenue certainly be possible and SHOULD be done

Maybe Trump is completely aware that it won't make up the revenues that the government currently brings in, hence the government would have to operate with much less money.

Lower Taxes … trim the fat in government shrink the government

You doofuses in the comments wanting higher taxes 😂😂😂😂

I think we should tax all our imports at 100% while giving Trump complete control of the FED.

Don’t people realize that Dubai has no income tax and no crime. It’s the best place in the world to live again with no income tax

One lower tax rate with no write offs and a small national sales tax both around 5% would work along with increasing tariff taxes. By increasing tariffs, companies will be forced to reopen manufacturing HERE creating tons of good paying jobs! Put all those “asylum seekers” to work!

Let's go Trump! Time to get a break from all this TAX for!....for once!

Taxes are inconvenient but necessary. Private industry simply cannot be trusted to perform certain public works and services. Money is a means toward an end, not a goal. Too many corporate entities forget that.

Revenue from tariffs would never come close to the levels produced by the income tax and tariffs are inherently inflationary.

How about no tariffs and no taxes? Trump FTW, can't wait.

GET RID OF THE FEDERAL RESERVE.

Oh em gee, the GOV won't have money to spend aimlessly? womp fkin womp.

Economics made simple: A quote often attributed to Dr. Adrian Rogers, a prominent American pastor and conservative Christian figure, who first delivered these ideas in a sermon in 1984. 1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity 2. What one person receives without working for, another person must work for without receiving 3. The government cannot give to anybody anything that the government does not first take from somebody else 4. You cannot multiply wealth by dividing it! 5. When half of the people get the idea that they do not have to work because the working half is going to take care of them, and when the working half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end for any nation.

If he can stop taxing tips, he can do the same for social security

9-9-9. No deductions, no loopholes. Just 9% across the board.

lol 😂 meanwhile Switzerland has zero capital gains tax lol.

Government needs to stop spending on nonsense, wasteful projects.

The tax stuff is fun and all, but if we want to end the wars, America must vote Trump 2024

When dummy was asked why a 20% corporate tax rate, he said with a well thought out reply of because it’s a nice round number. Typical of this genius.

Negative side of raising tariffs is most of the sellers are Chinese and they can make up their purchase price as they wish while US importers gets squeezed out

Seems like the transition from Scranton to the Big Apple was a smooth one.

The big difference is, without income tax, if you dont buy random stuff in hard economic conditions, you have way more money and companies will have to lower their damn PRICES! Its a better way to balance economy proved by some other countries.

I think the idea is a little like this. Reduce government spending. Why are we paying a 6 figure salary for senior citizens to fight each other at the tax payer expenses? Then do the tariffs. If you spend less, you need to make less to fund it. If you reduce the taxes that businesses pay, they can still afford to compete because now they get to keep more of their money which means paying more employees which is jobs creation or even better new jobs can pop up and compete with the high prices since we know companies dont lower prices they just leave them raised usually because trickle down does not work but its not trickle down to cut taxes on the rich, it's build up.. If I have $100 and it costs me $200 to pay an employee for 1 week then there is no chance I can provide anything in the forms of price relief by offering a cheaper product if I cant even afford to make the product myself... So reduce spending, cut taxes for businesses, remove taxes for the individual who gets to keep 3/4 of theire income. I literally have to give 25% of all my money to the government just when I earn it. I gotta give awak another 7% when I go to spend it. Thats 1/3 of my whole pay is gone before I even get to benefit from it. The government gets to benefit off my money 1/3 as much as I do.. the hell.

This of course will need to shrink the federal government back to where it was prior to 1913. Which will be a boom to taxpayers everywhere.

Trump said on his proposal that increasing tariffs would LOWER or eliminate personal income tax. Your news segment focused only on the ELIMINATE income taxes and how that would never work. I think LOWERING them is something that all people would think is possible and a good thing!!

Sweden's government is run on import tariffs, no taxes. A 100% tariff; if you buy something you buy one for the government, too. On the other hand, an "export tariff" would make China (our coal and oil) etc. pay more and force US producers to lower prices in the US to keep exports competitive. Win-win.

At least reducing taxes AND cutting back on lots of BS & wasteful Big Government spending will provide the genius talking financial talking heads another chance to prove that they have been right…really.

Tariffs are a strategic tool used to correct unfair and illegal trade practices or to weaken enemies to lower the risk of war. When dealing with a country like China that does not believe in the rule of law, which violates all human rights, environmental, and trade laws. A country which has declared its enmity for the USA and all its neighbours, and is using its massive trade surplus with the USA to build up their military. Trade tariffs are the right response and in fact they do not go far enough. The US Government should be imposing massive sanctions, quotas and tariffs which escalate every year until China’s trade gap is less than 10% of the total imports from the USA. I am 100% positive that the American people would much rather pay an extra $0.50 for a plastic pail than go to war with China in 5 years, which will cost millions of lives and trillions of dollars. Economic cold war is the right response to China. If I was President, I would rapidly increase trade barriers against China until we had balanced trade. You cannot have fair trade with a communist country that is ruled by a tyrant whose declared vision is to conquer the world. The USA finally had the courage to take this positive step toward preventing a future war with China.

Tariffs are getting paid by the importer, us consumers. The plan would lead to: 1. This would lead to high inflation way higher than the inflation in the last years 2. Debt will explode 3. Other countries will react and put tariffs on us products which will hurt us exporters. 4. Tariffs are very regressive meaning lower and middle income families will pay more relative to their disposable income. 5. If due to tariffs everything in produced in the us products will be more expensove due to mote market power of companies and higher labor costs. Way more would be produced in the us but who should produce it? There is only 4% unemployment right now. There arent enough workers and republicans want to deport (illegal) working immigrants and no more migration. This combination cant work

Taxes are complicated. No tax on tips, what could go wrong. Will there be payroll taxes on tips? If not, workers lose social security earnings in retirement, the social security and Medicare fund loses revenue. Lets say they will still pay payroll taxes, but a lot of low income tup earners dont have a zero tax liability with head of household filing statis and children. This idea will benefit fewer taxpayers than people think.

Then on top of everything if you put tariffs on goods coming from overseas or foreign countries the only thing that’s gonna do is cause those countries to raise their prices. You know what that means products in the United States that we buy from other countries that have to pay higher is going to further increase inflation.

I like the idea, but it seems this would help cooperate and help the rich more than an average american

Government helping their friends .

Then we raise Tariffs. On all imports.

“So I said, let me ask you a question, and he said, nobody ever asked this question and it must be because of MIT, my relationship to MIT. Very smart. “He goes, I say, what would happen if the boat sank from its weight? And you’re in the boat and you have this tremendously powerful battery and the battery is now underwater and there’s a shark that’s approximately 10 yards over there, by the way, a lot of shark attacks lately, do you notice that a lot of shark? “I watched some guys justifying it today. Well, they weren’t really that angry. They bit off the young lady’s leg because of the fact that they were, they were not hungry, but they misunderstood what who she was? These people are. “He said there’s no problem with sharks. They just didn’t really understand a young woman swimming now. It really got decimated and other people do a lot of shark attacks. “So I said, so there’s a shark 10 yards away from the boat, 10 yards or here, do I get electrocuted if the boat is sinking? Water goes over the battery, the boat is sinking. Do I stay on top of the boat and get electrocuted or do I jump over by the shark and not get electrocuted? “Because I will tell you he didn’t know the answer. He said, you know, nobody’s ever asked me that question. I said, I think it’s a good question. I think there’s a lot of electric current coming through that water. But you know what I’d do if there was a shark or you get electrocuted, I’ll take electrocution every single time.” 🥴 DONALD J. TRUMP CONVICTED FELON REPUBLICAN NOMINEE FOR…pRESIDENT

Save America! Trump 2024!

Never trust a convicted felon

what happened during trump's last tariff run when used cars became more expensive than new cars because the necessary parts came from china and they did NOT eat the cost, they increased it on our end. everyrhing was impossibly overpriced and consumers carried the weight. president biden is still negotiating with big box stores to get everyday products down, years later. even if the tariff idea wasn't completely stupid, it would still take years to produce what we import. that aside, the idea that trump will know how to deal even-handedly (not bully) is nil. he knows grift, not economics. the definition of insanity is ... VOTING AGAINST YOUR OWN INTERESTS OVER AND OVER AGAIN.

No way

He really is crazy

US imports $4 trillion a year Income tax collected $2.5 trillion. 100% tariffs would do it. Making everything in the US would create a prosperous middle class.

Tyler is so partisan it shows through

The man declared himself BANKRUPT 6 TIMES wake up!

Removing taxes from Tips would just have more employers make employees work to $2.15 plus tips. And employers would still steal half the tips.

They laugh, but this seems very positive for the middle and working class.

Eliminating, income taxes will also eliminate tax refunds. Wich millions of Americans depend on and also keep them on the line of poverty taking that away will undoubtedly thrust millions of Americans into starvation. But as long as the rich are happy screw the rest right?

🍌 Republic labour policies.

Trump works for the rich and billionaires. poor people pay his campaign. Crazy times

All this to say nothing..

Trump's math doesn't math. As usual.

Corporations do not actually pay taxes -- a cost of doing business, this "tax" is added to the cost charged by the corporation for their products or services. Only wage earners, property owners, and consumers actually pay taxes. ECONOMICS 101. The only significant effect of corporate taxes relates to the differential in tax levels among competitors in foreign markets. When US corporate taxes are excessive compared to those taxes in other countries, our corporations are motivated to move their business operations, their properties, their assets, and their jobs to other countries that have lower corporate taxes. Trump knew this and acted on it, bringing several corporations and jobs back to America. Makes you wonder what our academic economists are teaching their students.

We all need no tax , take it away .

Jesus (God with us) said this is how taxes should work in the Bible. Matthew 17:25 ...Jesus prevented him, saying, What thinkest thou, Simon? of whom do the kings of the earth take custom or tribute? of their own children, or of strangers? 17:26 Peter saith unto him, Of strangers. Jesus saith unto him, Then are the children free.

low income employees earn around 1100 a month there’s no way they can earn a extra 1500.00 when income does not require that amount of tax to be levied against their income. Therefore the 27 million people that live below poverty level have less than 200 dollars taken per month’s for taxes, however with tax credit like eic and actc they receive a refund of approximately 4k that is used too catch up bills and buy clothes and shoes for their children. Then consider that no tax’s directly impacts government funding for things like infrastructure, law enforcement public assistance Medicaid Medicare highways roads and military and social security. Not having an income tax would effectively cripple the economy and national security. That’s logical thinking Mr logical thinker.

Sheese I know a lot of Americans don't understand that taxing dividends after you already taxed the corporation has a cumulative effect. But for the host of a financial show to act like "its so simple just tax all income the same" shows a real lack of understanding.

Get ready for massive inflation.

Here’s another good point to make about this inflation. Donald Trump is directly responsible for the inflation. In March 2018, he imposed tariffs on steel (25%) and aluminum (10%) from most countries, which, according to Morgan Stanley, covered an estimated 4.1 percent of U.S. imports. In June 2018, this was extended to the European Union, Canada, and Mexico. Along with tariffs on commodities and goods from china and India further exasperated the inflation. Wich gradually increased to its present point. If it wasn’t for the policies that Biden has put into place things would be so overpriced right now our economy would collapse. But you, Trumpers don’t see that. And I find it amazing that is presidential support perfectly aligned with his reality TV show ratings, and the number of people that watched it. His supporters are a bunch of people that are sitting at home drawing disability and SSI that are on a depressed and psychotic medication. Which most of them couldn’t tell their own rear from the ground

America you want a prospering country, vote red

Here's what happens: 1. Inflation goes through the roof. 2. Some manufacturing comes home 3. Revenues go down because Some manufacturing came home. 4. Economic instability 5. Fascism 6. War 7. Marshall Plan from Europe --- don't hold your breath.

Voting for a felon and tax cheat to create a fair tax plan sounds like idiocracy to me, but this is why Trump says "I love the uneducated".

Daily reminder FDJT