It won't happen, but he'll most likely lower it. It would take 100% tariffs to replace income tax. We only had $4.5 trillion worth of imports into the US. They bring in around 4-5 Trillion in income taxes, etc. So the gap is too big. Now, if there was a federal sales tax, that could also be used to offset income tax. Any drastic changes could tank the world economy. The best you could do is slowly trend in that direction. Most of the quotes or videos I've seen he hints at it and talks about the 1870-1913 era with tariffs and no income taxes.
It won't happen. What you most likely see is a slight hike in tariffs, a lowering of income tax and maybe smaller or no captial gains. Also, shrink the government spending. Any large drastic changes in 4 years would send the world economy in a downward spiral.
Please help support this channel's work:
ua-cam.com/channels/9lpNkpoVYfCF4FLPeW0HZA.htmljoin
vat sales tax including tariffs would work. europe does it so why cant we?
good video on kaspa king
Thank you
He said he wanted to trash income tax, period, end of story!
you believe anything if you believe that 😂
It won't happen, but he'll most likely lower it. It would take 100% tariffs to replace income tax. We only had $4.5 trillion worth of imports into the US. They bring in around 4-5 Trillion in income taxes, etc. So the gap is too big. Now, if there was a federal sales tax, that could also be used to offset income tax. Any drastic changes could tank the world economy. The best you could do is slowly trend in that direction. Most of the quotes or videos I've seen he hints at it and talks about the 1870-1913 era with tariffs and no income taxes.
Ending Income, payroll, capital gains and replace with tariffs. Make EVERYTHING in the USA.
So instead of income tax everything will just be more expensive, almost same as increasing VAT. Good for rich people, bad for poor.
It won't happen. What you most likely see is a slight hike in tariffs, a lowering of income tax and maybe smaller or no captial gains. Also, shrink the government spending. Any large drastic changes in 4 years would send the world economy in a downward spiral.
I accept 100% tariffs on imported goods. I’d rather support Americans.
😂noble, but clueless
It won't happen. It would tank the world economy.
Bitcoin 2.0
Reply