Regressive tax plan. Just like sales tax.
this post was submitted on 07 Dec 2025
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Even if it wasn't regressive (which it is) it still wouldn't work to replace income tax. The tariffs incentivize domestication of production, so people are literally incentivized to circumvent them. That's also (lol) one of the stated goals here - being back manufacturing. But you can't use tariffs to both bring back manufacturing and replace income tax or even a substantial part of it in the short term anyways. It's really just one or the other. Realistically, given the competence with which they're going about it, it'll be neither.
Oh and we're not going to tariff luxury cars but do have enormous tariff on jeans and bananas. Wonder who would possibly benefit from such a system design? I'm not very smart so can't quite put it together, a total mystery.
So it's a tax now, dipshit? Remember when it wasn't? Fuck, I hate this country.
Treasury Department data shows that revenue from individual income taxes was approximately $2.66 trillion out of about $5.23 trillion in total revenue. Corporation income taxes added approximately $452 billion.
Man, companies really should be paying more.
Hey experts, can we agree that this man says a lot of dumb shit?
Anytime a sentence begins with "Trump says", it should be followed with "Trump, however, is an idiot."
Don't forget, he's also a compulsive liar.
To be clear, there was once a time that there was no federal income tax and most income came from tariffs and excise taxes. It was just prior to world war 1.
But it's going to need a fundamental change to the way that people look at the federal government. Constitutionally, a lot of what the federal government does makes absolutely no sense. In spite of the general welfare clause, it should be self-evident that federal government was supposed to be about providing for the common defense and dealing with conflicts between states. The idea that it would take a federal program to provide for example food stamps is really bizarre. The EU has a lot of things that people criticize it for, what is a similar amalgamation of states, it doesn't directly fund government programs like that.
Of course, changing what the federal government does does not necessarily mean that those taxes go away entirely. There are states was very low internal tax rates that are only able to be so because they rely on federal government funding, so in the event that they stop getting that revenue source they would have to start taxing their own citizens for the services that they provide.
How the fuck did he graduate from college?
Bribes from a wealthy family?
FACT FOCUS: Trump is a demented idiot. Some people are afraid to say it, and everyone else is investing on the US economy failing.
He means replace taxes for corporations and billionaires, obviously. Normal working class people will still have to fork over 30% to Uncle Scam.
Billionaires foaming at the mouth to replace progressive income tax with regressive sales tax.
How does incentivizing imports for revenue bring jobs back?
Incoherent. MAGA doesn’t give a shit if he lies, they just care about cruelty and revenge.