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popsdenver

(1,207 posts)

23. the Republicans have wanted

Fri Nov 28, 2025, 10:42 AM

Friday

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

Waiting to hear bucolic_frolic Friday #1

But . . . . no_hypocrisy Friday #2

this is just ONE popsdenver Friday #20

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

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

Stupid, simple thinking. marble falls Friday #4

His forte. nt eppur_se_muova Friday #36

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

Bingo Picaro Friday #35

maybe cutting out income tax, completely........ Escape Friday #6

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

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

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

In that clip BumRushDaShow Friday #12

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

They don't mind the deficits BumRushDaShow Friday #16

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

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

Rampant desperation on display, here. Paladin Friday #11

Trump and Republicans popsdenver Friday #22

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

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

the Republicans have wanted popsdenver Friday #23

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

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

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

The Simpsons bmichaelh Friday #21

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

What COULD replace it?? nitpicked Friday #24

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

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

Throwing cake to the MAGAt masses, Bayard Friday #28

trump is delusional LetMyPeopleVote Friday #31

Yeah sure... LudwigPastorius Friday #32

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

Just spitballing here BWdem4life Friday #34

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