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popsdenver

(1,285 posts)

23. the Republicans have wanted

Fri Nov 28, 2025, 10:42 AM

Nov 28

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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Highlight:

Donald Trump Proposes Eliminating Income Tax [View all] BumRushDaShow Nov 28 OP

Waiting to hear bucolic_frolic Nov 28 #1

But . . . . no_hypocrisy Nov 28 #2

this is just ONE popsdenver Nov 28 #20

The only benefit is we might get to play Running Man with the ultra wealthy for when it crashes. cstanleytech Nov 28 #25

So in other words,a new tax to eliminate payroll taxes eh?? In the end your still taxed. Bengus81 Nov 28 #3

Stupid, simple thinking. marble falls Nov 28 #4

His forte. nt eppur_se_muova Nov 28 #36

That was Trump's plan all along: return to the Gilded Age by replacing the federal income tax with tariff revenue. sop Nov 28 #5

Bingo Picaro Nov 28 #35

maybe cutting out income tax, completely........ Escape Nov 28 #6

if you believe the conservative premise that reducing taxes increases revenue rampartd Nov 28 #7

Even one of the original promoters of that - David Stockman - admitted that it was wrong BumRushDaShow Nov 28 #9

stockman wrote one of the finest descriptions of reaganomics - "the triumph of politics" rampartd Nov 28 #10

In that clip BumRushDaShow Nov 28 #12

"deficits do not matter. reagan proved that." cheney rampartd Nov 28 #13

They don't mind the deficits BumRushDaShow Nov 28 #16

Do you have to tap your heels three times and wear ruby slippers as well? travelingthrulife Nov 28 #19

IOW how to kill our government and let rich turn us back to feudalism. GreenWave Nov 28 #8

Rampant desperation on display, here. Paladin Nov 28 #11

Trump and Republicans popsdenver Nov 28 #22

I've said the same thing since it started AZJonnie Nov 28 #30

This may be the single most idiotic thing he has ever said Wiz Imp Nov 28 #14

the Republicans have wanted popsdenver Nov 28 #23

"cutting income tax, which he said could be achieved thanks to the effects of his trade policies." mdbl Nov 28 #15

"To replace ALL federal taxes would require tariff revenue to increase by 16 to 17 times..." J_William_Ryan Nov 28 #17

Perfect storm. Fire everybody and then eliminate public funding for services travelingthrulife Nov 28 #18

The Simpsons bmichaelh Nov 28 #21

"BTW, how many times has a Democratic President followed to fix the Republican failures in economy." BumRushDaShow Nov 28 #29

What COULD replace it?? nitpicked Nov 28 #24

I guess that wiped the epstein files off the thanksgiving discussion list PSPS Nov 28 #26

He'll do anything to get the wee brains of his magas revved up. ificandream Nov 28 #27

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

trump is delusional LetMyPeopleVote Nov 28 #31

Yeah sure... LudwigPastorius Nov 28 #32

Donnie don't do numbers so good. rsdsharp Nov 28 #33

Just spitballing here BWdem4life Nov 28 #34

Trump's use of tariffs is unconstitutional thought crime Nov 28 #37