what DJT has proposed already is going to make the tax code even more complicated and costly. Nobody should get to deduct interest on car loans, for example. It will result in more debt, and failure to pay debts, which will fall to us as higher interest rates we will pay. There is no free lunch, either you pay taxes or you pay inflated prices or interest rates.
After a certain age you shouldnt be taxed period!!! On anything. You spend 3/4ths of your life working and paying tax, thats enough, you have paid your civil duty. @DanWright6
Something has to be done. I'm paying 30% in taxes with zero dependents and an additional 10% goes to insurance. I'm seriously about ready to quit working and work under the table. I'm sick of working by butt off only to have almost half of my paycheck going to Ukraine. I'm sick of it!
you should have paid attention in reading and arithmetic classes in school; I've done my own taxes for over 40 years. It's easy if you read, and can do basic math.
Yep. Flat tax. Not a "fair tax". No deductions, no exclusions, no exemptions, no whining. Everyone pays 10%. Everyone hates having to pay it, and everyone now has skin in the game. Nobody is happy when the govt wastes money on goofy stuff.
Nah. Make it 0% for everybody under $100k and make it 30% for any income above $100k. This would eliminate federal income tax for the bottom 75% of the population while balancing the budget and preserving social security + medicaid.
@@shubashuba9209 Absolutely not. Poor people need to have that righteous indignation when Congress wastes money. This takes them out of the loop and perpetuates class warfare. 10% flat tax for everyone, without exception. Also the "poverty line" is subject to political whim. Politicians get way too much mileage out of promising to tax the "evil billionaires" but then when they actually do it, we're all "evil billionaires" who have to pay more. No more of that. Flat 10% tax on everyone. If you make $20K you pay $2K in taxes. If you make $20B you pay $2B in taxes. Get rid of 99% of the IRS, all the tax lawyers, and put H&R Block out of business. Free up all that time and money people spend doing taxes on worthwhile pursuits.
Government should Not be taking income tax and tariffs from from society. From 1776 - 1913 US society never paid income taxes. Get rid of income tax and the IRS at the same time.
Listen I’m all for taxes if everyone paid their fair share and our taxes actually go towards the infrastructure of this country and not in the pockets of corrupt politicians. But i agree with you
That’s all fine until roads need repaired or bridges need built, or the military needs funding unless you want your go back to every person was called up when needed for defense of the country. Income tax should not exist but tariffs and sales tax should be a thing also. The real issue is the government needs to stop spending so much money
@darbyheavey406 "Tax return on one page." Why? Why do you assume that the problem is complexity, instead of the problem being that the government has made your personal finances THEIR business? Why should there be ANY "tax return"? Why permit the government to monitor your personal finances AT ALL? Do you see how brainwashed you are? You just automatically ASSUME that your income and spending habits are fair game for the government to monitor. However crazy you think I'm am for even questioning that, is the measure of how brainwashed you are.
Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.
Making profitable investments during this time of political change can be risky without that insight. For me, working with an adviser is the best first step to navigate these complexities and make informed choices.
I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sophia Maurine Lanting’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
@@garypollio4960 That money went into your IRA pre-tax and now it's time to pay the piper. If wanted untaxed RMDs, you should have put your after tax money in a Roth IRA.
A constitutional amendment eliminating the income tax, impose a VAT tax (that shows up on every single receipt on every purchase), and exempt food, housing, medical care, and maybe transportation.
I hate that term,"tax compliant"! How about NO income tax! America did it once, and everyone did well. But when 1913 rolled around, happy day's weren't there again!
The tax code should be reduced to one sentence: A 5% flat tax on all purchases, except for food, clothing, shelter, and medicine which will not be taxed.
Please, please, please simplify or get rid of it!!!!!!! I am begging for my sanity and the safety of anyone near me during tax season!! It is just insane. Why should we have to pay someone else to do our taxes and lose even more of our hard earned money?!
Sean Duffy Fox News was appointed by Trump as Secretary of Transportation congratulates Fox News has many people serving in the Trump administration young people with a promising future in a new life Sean Duffy leaves for DC
Here is the problem: the rich don't make "income," so any tax on income (including the "tax prep industry") is funded by the wage earners, while the truly wealthy just need to sell an inherited painting or other asset, and they live off that sale for a year or two. No taxes!
When you tax spending, all taxes become truly voluntary. But never tax energy, food, clothing, or housing. All of these are needed for survival. It's evil to tax these.
The ideal that I heard Trump float was to replace income taxes with tariffs which would be similar to other countries VAT. I sort of kind of like that idea... The only confusing part is when you say you're putting tariffs on everything, other countries interpret that as being a penalty when in our case it's not; it's just our system of taxation.
Then the cost would be put on the consumers as the cost of imported goods go up. Then other countries retaliate with their own tariffs on American goods.
From the official RNC Donald Trump platform, “Our trade deficit in goods has grown to over $1 trillion dollars a year. Republicans will support baseline tariffs on foreign made goods, pass the Trump Reciprocal Trade Act and respond to unfair trading practices. As tariffs on foreign producers go up, taxes on American workers, families and businesses can come down.” Trade deficit = when a country imports more than it exports. The opposite is a trade excess both can be problematic I was not able to find a definition for ‘base line tariffs only several websites with the same leftist article claiming they are going to crash the economy. Trump Reciprocal Trade Act = an ‘eye for an eye’ policy which will allow the government to charge the exact same tariff on other countries goods as they charge on ours. From what I can gather Trump wants us to impose at least 10% tariffs on all other countries except China which he wants to impose at least 60% tariffs on but I’m not even sure if I’ve got that right. Trump points out that before income tax the federal government made 80% of its income from tariffs and that back then the average tariff imposed by the U.S. was 37% and the highest tariff was 95%. He claims that right now the US imposes the lowest tariffs in the world and that Chinas Tariffs on US goods are 341% higher than US tariffs on Chinese goods and that the the EUs tariffs on US goods are 50% higher than the USs Tariffs on goods from the EU.
The problem with a vat tax is that it penalizes every productive activity in the economy rather than just penalizing the importers which are non-productive enterprises.
I already paid income tax my whole life, now I’ve learned that half my retirement fund will be taxed again. I’ve already paid on my savings, wtf, how is this possible? We need to fix this!!
The irs destroyed my entire life since 1978. They came after me. At my grandfather's house, after both my parents passed while I was in high school . My grandfather was a judge and in charge of all land tax assessors in the country. The things they did to ne are still messed up.Any attorneys out there who can help with a 550 million dollar law suite.
I am an American living in Singapore. My US taxes take me the better part of a day to fill out and file. My Singapore taxes take about 15 minutes. I file Singapore tax online. It is a simple, graduated tax based with only a few special deductions or credits (most of which the tax authority calculates for me) and tax is *collected in the year FOLLOWING my tax year* (no estimated taxes to file!) . They even collect the tax in monthly payments directly from my bank account in the year following my tax filing in April. While it may never be possible to make US income tax this simple, it shows that a developed economy CAN have a simple tax system if there is the political will.
The sales tax would be great way to take over income tax. It makes it sound scary with consumer cost, but we just have to change to shopping 1-2 times a month. Bulk store.
That is a horrible ideal. You’d have to dramatically raise the sales tax to make up for the loss of income tax. It’d solely hurt those who make less money.
The IRS isn’t the problem. It’s the tax code that they are responsible for enforcing. That’s like saying defund the police because you don’t like the laws.
And we're all consumers. The more you make, the more you spend, the more you spend, the more you pay in VAT. Taxation then gives each of us some choice, no one pays ZERO in taxes.
If your agency, the IRS, puts virtually NO effort towards customer service, it's because they KNOW that what they are doing is wrong, and a LOT of honest citizens will have complaints about it. Abolish!!
We all people can't believe the one person that ya can't figure out for secretary of treasury to take Mrs. Yellen place cause it's really simple cause there is really only one person that can do that job right. Period.
The tax code is insane. First you try to fill out a form but you need a schedule but 1st you need a publication but if you go to the library they will tell you that they won't get it for you then you try to get in touch with the IRS it takes all day and I give up.i try to do it by mail and it takes 6 to 9 weeks. After all this you have to find out what applies to you. Several years ago I just gave up. Now i look at last year's return and figure what % I paid, fill out the 1040 as well as I canand send a check and let them write me a letter.
CPA's and accountants do a LOT more than taxes. In fact, taxes, in most cases, is the lowest on the spectrum they do for clients. This would not put them out of business. A business, Government agency, Non-profit and the list goes on and on, needs a CPA/accountant for many more important things than taxes. The long list of things they do for clients all year to make their business/agency function certainly makes it easy for the end of the year tax season because the tracking has been done all year but a CPA/accountant does not work for a company etc simply for taxes. Now, H&R block/turbo tax etc? Yeah. CPA's/ Accountant? HARD NO
There is no reason why we are taxing people who make less than 200k a year or wage earners. Why is the federal government taxing social security for retirees?
Let's look at the "experience" side of the tax T-Chart for a moment instead of the hypothetical "education" side. DJT has wisely addressed an extremely minor cash flow item by removing tax from social security income. How about a truly major economic cash flow infusion that seemingly nobody talks about ... which is ... remove the tax implication on the volume of dollars frozen in 401K's in America. Pick a date as the triggering event where all funds in 401K would not be taxed if redeemed by the holder. Those funds would be retrieved by Americans and immediately spent into the US economy. The positive material effect would be massive in contrast to the dribs and drabs coming into the government through taxation. This would serve as an economic incentive at the State and Federal level rather than a detriment to owner withdrawal.
A federal sales tax should be seriously considered whether it’s our current sales tax system or if they implement a VAT way of handling taxes. Simplifying the tax code would eliminate a lot of government waste spent on enforcing the tax laws and time that people and companies spend trying to figure out what they owe.
Replace income tax with VAT. The more you spend, the more you pay. The rich spend more so the rich pay more, everyone gets to pay, no more people paying zero in taxes.
The Federal government shouldn't be collecting revenue from individuals and corporations, anyway. They should only be collecting revenue from the States. The States, or course, would collect from the Counties, the Counties from local Municipalities, and only the Municipality would collect directly from individuals and companies. And doing it THAT way, property tax as the ONLY tax makes the most sense. Forget taxing income or sales.
Can I get a refund for prior years where I’ve had to pay exorbitant amount of taxes? I’ve been poor my whole life and just the past two years I’ve done well and they’ve taken a TON from me. It’s unfair.
That wouldn’t work with sole proprietors/small business owners. Example…If a concrete subcontractor that installs 20 average house foundations a year brings in $1 million gross a year, they might profit $75k after paying for the materials, insurance, etc. for those 20 foundations. They would have zero income for the year and be in debt $25k to the irs with a 10% tax. There has to be deductions allowed that are related to the industry of a business.
![Chris Langan - The Interview THEY Didn't Want You To See - CTMU [Full Version; Timestamps]](http://i.ytimg.com/vi/9miVG2xT5jY/mqdefault.jpg)
Overhauling the tax code is #1 on my wishlist for DOGE.
Important but pales in comparison to slashing spending. *All spending is taxation,* and most of it is waste, and/or used against us.
One step at a time . 1st get rid of all wasteful spending . Then Balance a Budget for 1 year . then you can reform the tax code.
@@roboparksThat’s a very sensible approach…👍
DOGE is only going to be around for a year and a half. Be hard to get anything done in that timeframe.
what DJT has proposed already is going to make the tax code even more complicated and costly.
Nobody should get to deduct interest on car loans, for example. It will result in more debt, and failure to pay debts, which will fall to us as higher interest rates we will pay. There is no free lunch, either you pay taxes or you pay inflated prices or interest rates.
No tax for retirees, common sense. Taxing SS, absurd.
Don’t worry, these traitors will sell out social security and Medicare right into their pockets.
I agree on the SS. but many retirees have a lot of income from investments which ought to be taxed.
♻️💵
After a certain age you shouldnt be taxed period!!! On anything. You spend 3/4ths of your life working and paying tax, thats enough, you have paid your civil duty. @DanWright6
no, that's not going far enough. the more correct thing to say would be to get rid of social security.
10% is good enough for God; it should be good enough for the government.
to bad that 10% goes to paying abuse victims
Old Testament Israel had to give more like 25%, and Jesus requires 100% if you read the gospels carefully.
10% refers to tithing.
less for the government.
@@jeanah685 that's only for spices read in context
Something has to be done. I'm paying 30% in taxes with zero dependents and an additional 10% goes to insurance. I'm seriously about ready to quit working and work under the table. I'm sick of working by butt off only to have almost half of my paycheck going to Ukraine. I'm sick of it!
you are not kidding
Unless you’re making over 180k a year then I call BS.
You could be sicker living in Ukraine, so pay your taxes.
@@rayrussell6258 Bruh
Take that, proletariat!
I spend about 500 a year having an accountant do my stupid taxes. I would love to see that go away.
I do my own taxes for free... get my w2 and fill in the boxes on turbo tax. Simple and fast.
you should have paid attention in reading and arithmetic classes in school; I've done my own taxes for over 40 years.
It's easy if you read, and can do basic math.
@@jeremybutler2578 your basic. I have two houses in different states , investments, land, etc…
Flat tax
10% flat tax...hold government accountable for how it gets spent.
Yep. Flat tax. Not a "fair tax". No deductions, no exclusions, no exemptions, no whining.
Everyone pays 10%. Everyone hates having to pay it, and everyone now has skin in the game. Nobody is happy when the govt wastes money on goofy stuff.
15% Federal and State combined sales tax only. No more property tax.
Nah. Make it 0% for everybody under $100k and make it 30% for any income above $100k. This would eliminate federal income tax for the bottom 75% of the population while balancing the budget and preserving social security + medicaid.
@@shubashuba9209 Absolutely not.
Poor people need to have that righteous indignation when Congress wastes money. This takes them out of the loop and perpetuates class warfare.
10% flat tax for everyone, without exception.
Also the "poverty line" is subject to political whim. Politicians get way too much mileage out of promising to tax the "evil billionaires" but then when they actually do it, we're all "evil billionaires" who have to pay more.
No more of that. Flat 10% tax on everyone. If you make $20K you pay $2K in taxes. If you make $20B you pay $2B in taxes.
Get rid of 99% of the IRS, all the tax lawyers, and put H&R Block out of business. Free up all that time and money people spend doing taxes on worthwhile pursuits.
Yup
End taxes and dissolve IRS!!!
😂
You should give some thought to becoming an adult someday.
My position is no taxes on anything ever. Elect me president.
@@SamClemens-d5n Define Adult. I bet you can't define Woman. LOL
End taxes?
Broken bridges have entered the chat
Hope they get this done.
I did see where the IRS employees alone owe millions in back taxes 😡
Government should Not be taking income tax and tariffs from from society.
From 1776 - 1913 US society never paid income taxes.
Get rid of income tax and the IRS at the same time.
Listen I’m all for taxes if everyone paid their fair share and our taxes actually go towards the infrastructure of this country and not in the pockets of corrupt politicians. But i agree with you
That’s all fine until roads need repaired or bridges need built, or the military needs funding unless you want your go back to every person was called up when needed for defense of the country. Income tax should not exist but tariffs and sales tax should be a thing also. The real issue is the government needs to stop spending so much money
@@jasonshumake777 Roads and bridges need to be done at the state level, not federal.
@ I can agree with that
@@jasonshumake777Roading in most places around the world gets paid with excise taxes. The people that actually use the roads pays for them.
The LAST thing you want is a government app installed on your phone!!!! ESPECIALLY one from the IRS!!!!
Bet there are millions stupid enough to install
And
Bet they all voted comrade Harris
I will be glad when he is sworn in so he can get to work on our woke world.
Yay, a dictatorship
Take more of you and give to Musk.
A woke little child is under your comment spewing nonsense about dictatorship. They are programmed to repeat everything they hear on MSM.
Good luck yous are going to need it
US taxes, where it takes a higher IQ to figure out what you owe than it does to make the money in the first place
Sell the oil under our country, use the proceeds to pay for our government, no taxes for Americans
Socialism is not the answer !
they could have been doing it for a long time but the powers that be want us to suffer and stay on the hampster wheel.
I Thank God SO MUCH !!!!!!!
Goodbye to the CPAs.
They are expensive.
The hidden taxing such as tobacco, spirits, auto tags, building inspection/permits and so many more.
Simplifying the tax code is an obvious no brainer. Tax return on one page.
@darbyheavey406 "Tax return on one page."
Why? Why do you assume that the problem is complexity, instead of the problem being that the government has made your personal finances THEIR business?
Why should there be ANY "tax return"? Why permit the government to monitor your personal finances AT ALL? Do you see how brainwashed you are? You just automatically ASSUME that your income and spending habits are fair game for the government to monitor.
However crazy you think I'm am for even questioning that, is the measure of how brainwashed you are.
No! No more returns and no more income tax!
No school tax for childless homeowners.
I agree 100%. I dont have kids and don't plan to have kids. Why should I have to pay school taxes?
I agree with you too.
Yes!!!!
🙋♀️NO TAXES PERIOD. MAGA‼️‼️‼️🇺🇸🌟🇺🇸👍😎
I favor getting rid of the income tax, but it must be done by a constitutional convention, with constitutional repeal of the income tax.
My position is no taxes on anything ever. Elect me president.
Flat tax now!
Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.
Making profitable investments during this time of political change can be risky without that insight. For me, working with an adviser is the best first step to navigate these complexities and make informed choices.
I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.
Hmmm this is quite interesting, Please can you leave the info of your investment advisor here? I’m in dire need for one.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sophia Maurine Lanting’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
Abolish all taxes. Abolish IRS. Replace taxes with tariffs. It’s doable.
Go back to your constitution and recognise that there is no suggestion of personal tax, only Company Taxation …. Reset the Taxation system !
Great idea....!!!!
The federal reserve isn’t federal so it can go and take its IRS with it.
Lobbying should be illegal
Get rid of all the loopholes for the rich.
loopholes are available to everyone. Get to learning
Trouble is the top 10% of earners do pay 85% of the taxes. But we have over 50% who pay zero. That is climbing with the illegal invasion
@@Sheedeval21 you're right, every American can own a personal aircraft. Where's yours?
Its called legislated tax law buddy
Well if you voted for Trump that's not going to happen he will make him and rich people richer while we pay up the but for what they don't want to
God Bless
I would love to see no tax on my social security
and stop taxing RMDs
@@garypollio4960 That money went into your IRA pre-tax and now it's time to pay the piper. If wanted untaxed RMDs, you should have put your after tax money in a Roth IRA.
Scott Bessent would make a good Treasury Secretary
So true! Get rid of this unconstitutional income tax and free the people completely!
🤑🤑 NO TAXES. 🤑🤑🤑🤑🤑MAKE AMERICA GREAT AGAIN‼️‼️‼️🌟🇺🇸❤️🇺🇸🌟👍😎🙋♀️
NO TAXES
My position is no taxes on anything ever. Elect me president.
No one taxes, no govt, no president
A constitutional amendment eliminating the income tax, impose a VAT tax (that shows up on every single receipt on every purchase), and exempt food, housing, medical care, and maybe transportation.
Awesome
I hate that term,"tax compliant"! How about NO income tax! America did it once, and everyone did well. But when 1913 rolled around, happy day's weren't there again!
My position is no taxes on anything ever. Elect me president.
May God and their security keep President Trump and JD Vance and all those who have their backs safe and healthy.
The tax code should be reduced to one sentence:
A 5% flat tax on all purchases, except for food, clothing, shelter, and medicine which will not be taxed.
It’s supposed to be us donating what we want or can for roads etc….. not mandatory stealing from us or jail
They tried that with the Articles of Confederation. There’s a reason that got scrapped bud
Please, please, please simplify or get rid of it!!!!!!! I am begging for my sanity and the safety of anyone near me during tax season!! It is just insane. Why should we have to pay someone else to do our taxes and lose even more of our hard earned money?!
Im not against all taxes, but the amount that each of us are taxed is absurd. Its 100x worse for businesses.
Argentina 🇦🇷 Brava 👏
Tax consumption not income
It's almost a joy watching the news now !
Sure is, the entertainment Trump and his ex Fox employees are going to give us in the next four years 😂😂😂
Getting rid of income tax - just imagine!
Sean Duffy Fox News was appointed by Trump as Secretary of Transportation congratulates Fox News has many people serving in the Trump administration young people with a promising future in a new life Sean Duffy leaves for DC
He meant for the rich. Not the poor or middle class.
She/her lost get over it 😂
FAIR TAX!!!!
Who else loathes Obama, Kamala Harris, Walz, Biden, Jack Smith, Mayorkas, Schumer, Newsom, Schiff, Hochul, Willis, Fauci, Pelosi, Cheney, Hillary, AOC, Woke Hollywood, CNN, ABC, CBS, MSDNC, Facebook, google and RUclips censorship..?
I do
I’m with President Pussygrabber.
Just stop. Dumb take
Me
I'm with the woke ...
Absolutely no VAT tax.
Here is the problem: the rich don't make "income," so any tax on income (including the "tax prep industry") is funded by the wage earners, while the truly wealthy just need to sell an inherited painting or other asset, and they live off that sale for a year or two. No taxes!
We don't need to simplify the tax code. We need to get rid of ALL income and property taxes, and tax ONLY spending.
When you tax spending, all taxes become truly voluntary.
But never tax energy, food, clothing, or housing. All of these are needed for survival. It's evil to tax these.
And at what rate? 70%? 100%? C’mon. Consumption taxes adversely affect the poor. And the rich just get richer. Great plan
@@protorhinocerator142👍 Necessities should never be taxed
@@steveguillory7568 You have not checked out the reference I gave, or you would not be saying that.
America has a problem with SPENDING not taxes.
200 billion a yr on illegals is a good start
Cut the waste,abuse,fraud&our taxes could be lowered.
They have a problem with both these things.
Your problem in spending IN WARS
BOTH
The ideal that I heard Trump float was to replace income taxes with tariffs which would be similar to other countries VAT. I sort of kind of like that idea... The only confusing part is when you say you're putting tariffs on everything, other countries interpret that as being a penalty when in our case it's not; it's just our system of taxation.
Then the cost would be put on the consumers as the cost of imported goods go up. Then other countries retaliate with their own tariffs on American goods.
Y'all are dumb.
USA is a top country with most purchase power so they ain't gonna stop exporting to USA it's never happening
From the official RNC Donald Trump platform, “Our trade deficit in goods has grown to over $1 trillion dollars a year. Republicans will support baseline tariffs on foreign made goods, pass the Trump Reciprocal Trade Act and respond to unfair trading practices. As tariffs on foreign producers go up, taxes on American workers, families and businesses can come down.”
Trade deficit = when a country imports more than it exports. The opposite is a trade excess both can be problematic
I was not able to find a definition for ‘base line tariffs only several websites with the same leftist article claiming they are going to crash the economy.
Trump Reciprocal Trade Act = an ‘eye for an eye’ policy which will allow the government to charge the exact same tariff on other countries goods as they charge on ours. From what I can gather Trump wants us to impose at least 10% tariffs on all other countries except China which he wants to impose at least 60% tariffs on but I’m not even sure if I’ve got that right.
Trump points out that before income tax the federal government made 80% of its income from tariffs and that back then the average tariff imposed by the U.S. was 37% and the highest tariff was 95%. He claims that right now the US imposes the lowest tariffs in the world and that Chinas Tariffs on US goods are 341% higher than US tariffs on Chinese goods and that the the EUs tariffs on US goods are 50% higher than the USs Tariffs on goods from the EU.
Retiree's should not have to pay TAX on anything!!!
The problem with a vat tax is that it penalizes every productive activity in the economy rather than just penalizing the importers which are non-productive enterprises.
Flat 20% tax for EVERYONE even on Welfare except for retires on Social Security
Audit the federal reserve!!!
Suggesting to get rid of income tax without proposing any other solution does not make any sense.
NO VAT. IT IS THE MOST EGREGARIOUS THING EVER!!!! VALUE ADDED TAX IS NOTHING BUT THEFT!!!
KISS (keep it simple silly) is always a good principle to follow. Problems arise when things become complicated.
AMERICA THE LAND OF OPPORTUNITY
The Untouchables, a way better name then DROGE, clean it up .
I think they are having fun, doing the right thing!!
My position is no taxes on anything ever. Elect me president.
Get rid of EIC. Nobody should get back more money than they pay in.
I already paid income tax my whole life, now I’ve learned that half my retirement fund will be taxed again. I’ve already paid on my savings, wtf, how is this possible? We need to fix this!!
TRUMP / VANCE 2024 !!!!!!!!!!!!!!!!
they already won the election.
The election already happened. Let's move on to specifics.
That's pretty mindless.
@SamClemens-d5n says the kamala supporters that lost lol
@@josephjacob3274 I voted for Trump.
You are mindless.
HOW MANY FOREIGNERS WOULD BE FILING TAXES ONLINE AND RIPPING OFF AMERICAN TAXPAYERS ?!?!!!!
The irs destroyed my entire life since 1978. They came after me. At my grandfather's house, after both my parents passed while I was in high school . My grandfather was a judge and in charge of all land tax assessors in the country. The things they did to ne are still messed up.Any attorneys out there who can help with a 550 million dollar law suite.
This sounds like a pipe dream.
America can be the world's nany. But the nany state has to stop!!!!
I am an American living in Singapore. My US taxes take me the better part of a day to fill out and file. My Singapore taxes take about 15 minutes. I file Singapore tax online. It is a simple, graduated tax based with only a few special deductions or credits (most of which the tax authority calculates for me) and tax is *collected in the year FOLLOWING my tax year* (no estimated taxes to file!) . They even collect the tax in monthly payments directly from my bank account in the year following my tax filing in April.
While it may never be possible to make US income tax this simple, it shows that a developed economy CAN have a simple tax system if there is the political will.
The sales tax would be great way to take over income tax. It makes it sound scary with consumer cost, but we just have to change to shopping 1-2 times a month. Bulk store.
That is a horrible ideal. You’d have to dramatically raise the sales tax to make up for the loss of income tax. It’d solely hurt those who make less money.
Let’s flat tax everyone. No hidden clauses. Simplify this mess.
Defund the IRS, 15% flat SALES tax, problem solved
The IRS isn’t the problem. It’s the tax code that they are responsible for enforcing. That’s like saying defund the police because you don’t like the laws.
Be aware of what Onge is suggesting to replace corporate tax with VAT. VAT is paid by consumers.
And we're all consumers. The more you make, the more you spend, the more you spend, the more you pay in VAT. Taxation then gives each of us some choice, no one pays ZERO in taxes.
alot of good comments along with a good video!
If your agency, the IRS, puts virtually NO effort towards customer service, it's because they KNOW that what they are doing is wrong, and a LOT of honest citizens will have complaints about it. Abolish!!
Zero tax on capital gains.
As long as the rich don’t get loopholes.
We all people can't believe the one person that ya can't figure out for secretary of treasury to take Mrs. Yellen place cause it's really simple cause there is really only one person that can do that job right. Period.
The tax code is insane. First you try to fill out a form but you need a schedule but 1st you need a publication but if you go to the library they will tell you that they won't get it for you then you try to get in touch with the IRS it takes all day and I give up.i try to do it by mail and it takes 6 to 9 weeks. After all this you have to find out what applies to you. Several years ago I just gave up. Now i look at last year's return and figure what % I paid, fill out the 1040 as well as I canand send a check and let them write me a letter.
rich or poor.. 10% flat.. if not that, no tax on income. only tax is sales tax.
The CPAs would all be out of business... unemployment of the accounting class would skyrocket.
So what's your point?
CPA's and accountants do a LOT more than taxes. In fact, taxes, in most cases, is the lowest on the spectrum they do for clients. This would not put them out of business. A business, Government agency, Non-profit and the list goes on and on, needs a CPA/accountant for many more important things than taxes. The long list of things they do for clients all year to make their business/agency function certainly makes it easy for the end of the year tax season because the tracking has been done all year but a CPA/accountant does not work for a company etc simply for taxes. Now, H&R block/turbo tax etc? Yeah. CPA's/ Accountant? HARD NO
CPAs make a ton of money from business clients. Those aren't going anywhere if the tax code is simplified.
There is no reason why we are taxing people who make less than 200k a year or wage earners. Why is the federal government taxing social security for retirees?
Let's look at the "experience" side of the tax T-Chart for a moment instead of the hypothetical "education" side. DJT has wisely addressed an extremely minor cash flow item by removing tax from social security income. How about a truly major economic cash flow infusion that seemingly nobody talks about ... which is ... remove the tax implication on the volume of dollars frozen in 401K's in America. Pick a date as the triggering event where all funds in 401K would not be taxed if redeemed by the holder. Those funds would be retrieved by Americans and immediately spent into the US economy. The positive material effect would be massive in contrast to the dribs and drabs coming into the government through taxation. This would serve as an economic incentive at the State and Federal level rather than a detriment to owner withdrawal.
Put people's ss into privatized retirement account untaxed or after taxes.
Mr. Get on the Georgia property taxe its ruff on old folks.
We all know they are going to keep taxes going…don’t get your hopes up
A federal sales tax should be seriously considered whether it’s our current sales tax system or if they implement a VAT way of handling taxes. Simplifying the tax code would eliminate a lot of government waste spent on enforcing the tax laws and time that people and companies spend trying to figure out what they owe.
Ron Paul as Treasury Secretary would get to desired outcome on income tax.
Replace income tax with VAT. The more you spend, the more you pay. The rich spend more so the rich pay more, everyone gets to pay, no more people paying zero in taxes.
Flat tax or VAT tax . No taxes for overtime work. Man civil workers will be pissed
Make money, pay taxes. We should all pay less taxes but we should still pay some.
No income or capitol gains on 401K after the age of 59 1/2
The Federal government shouldn't be collecting revenue from individuals and corporations, anyway. They should only be collecting revenue from the States.
The States, or course, would collect from the Counties, the Counties from local Municipalities, and only the Municipality would collect directly from individuals and companies.
And doing it THAT way, property tax as the ONLY tax makes the most sense. Forget taxing income or sales.
How about a volunteer government that receives no payment works for the people for the betterment of the country
Can I get a refund for prior years where I’ve had to pay exorbitant amount of taxes? I’ve been poor my whole life and just the past two years I’ve done well and they’ve taken a TON from me. It’s unfair.
10 % flat tax with no deductions
That wouldn’t work with sole proprietors/small business owners.
Example…If a concrete subcontractor that installs 20 average house foundations a year brings in $1 million gross a year, they might profit $75k after paying for the materials, insurance, etc. for those 20 foundations. They would have zero income for the year and be in debt $25k to the irs with a 10% tax. There has to be deductions allowed that are related to the industry of a business.