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sheshe2

(91,573 posts)
Sun Apr 27, 2025, 08:43 PM Yesterday

What a bunch of Malarkey!

Ron Filipkowski
@RonFilipkowski

Trump’s massive national sales taxes on most goods, imposed unilaterally by executive order, will pay for everything so you will pay no income taxes. Amazing!

13 replies = new reply since forum marked as read
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Bernardo de La Paz

(54,990 posts)
8. If tariff taxes were properly applied fully at his levels it would $500 million per day. tRump claims $2,000 million
Sun Apr 27, 2025, 08:56 PM
Yesterday

They are not currently fully applied due to suspensions and exemptions and foulups in paper work.

The $500 million (annually only about $180 billion) is based on pre-tariff trade, not with tariff throttling and not with contractionary economic forces accounted for. US income tax receipts are estimated to be $2,469 billion for 2024. Tariff taxes would not even be one tenth, most favourable case. https://www.statista.com/statistics/217493/revenues-from-income-tax-and-forecast-in-the-us/

Kindleberger chart posted by Paul Krugman


Bernardo de La Paz

(54,990 posts)
4. Tariff taxes are very regressive. No tariff on artwork or real estate (non-portable) or services.
Sun Apr 27, 2025, 08:53 PM
Yesterday

Real estate is non-portable but title deeds are.

The things the 1% buy are less tariffed than the things the 47% buy.

MagickMuffin

(17,586 posts)
6. Please continue and explain it in full details
Sun Apr 27, 2025, 08:56 PM
Yesterday


How does this work exactly?

Perhaps our hard hitting media will ask him.

Are you paying attention Alex Thompson and Jake Tapper?


Hekate

(97,376 posts)
9. $trump is on a day by day news cycle, so maybe if he hangs on just a little longer ...
Sun Apr 27, 2025, 09:18 PM
Yesterday

…with his happy talk to his cult, they won’t be calling for his head just yet.

And of course, after he is gone, what happens to others won’t matter to him, so he doesn’t give a rip. As Louis XV said: “Après moi le déluge. “

chouchou

(1,804 posts)
10. Every thought of my mind believes Our President, Donald Trump, is true and strong for America.
Sun Apr 27, 2025, 09:25 PM
Yesterday

Signed: The Easter Snake.

Ilikepurple

(219 posts)
11. It's so weird to read Trump 2.0 texts. It like he doesn't even write them or the policy behind them.
Sun Apr 27, 2025, 09:34 PM
Yesterday

Well, I’m guessing he has a hand in the self serving and petty revenge policies

Picaro

(1,903 posts)
12. Complete fantasy
Sun Apr 27, 2025, 11:23 PM
22 hrs ago

Maybe we should go back on the gold standard too.

That would really fix things.

Latest Discussions»General Discussion»What a bunch of Malarkey!