return2ozma@lemmy.world to News@lemmy.world · 5 months agoTrump floats eliminating U.S. income tax and replacing it with tariffs on importswww.cnbc.comexternal-linkmessage-square178fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkTrump floats eliminating U.S. income tax and replacing it with tariffs on importswww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 5 months agomessage-square178fedilink
minus-squareBye@lemmy.worldlinkfedilinkarrow-up0·5 months agoSomeone explain to me how this would benefit the rich. The rich don’t pay income tax.
minus-squarebtaf45@lemmy.worldlinkfedilinkarrow-up0·5 months agoIf the rich didn’t pay taxes than tax cuts for the rich would not be their 1st, 2nd, and 3rd top priorities.
minus-squareBye@lemmy.worldlinkfedilinkarrow-up0·5 months agoTax cuts for the rich are capital gains tax cuts and corporate tax cuts. Income tax cuts don’t impact them, broadly.
minus-squarebtaf45@lemmy.worldlinkfedilinkarrow-up0·5 months ago Income tax cuts don’t impact them, broadly. Then they should not be objecting at all if we raise the top income tax rate back to 91% like it was in the 1950’s when we had a great economy.
minus-squareBye@lemmy.worldlinkfedilinkarrow-up0·5 months agoThe truly rich would be fine. They don’t pay income tax, they live off of capital gains. That’s just punishing people at the top of the working class. Doctors, lawyers, etc.
Someone explain to me how this would benefit the rich. The rich don’t pay income tax.
If the rich didn’t pay taxes than tax cuts for the rich would not be their 1st, 2nd, and 3rd top priorities.
Tax cuts for the rich are capital gains tax cuts and corporate tax cuts.
Income tax cuts don’t impact them, broadly.
Then they should not be objecting at all if we raise the top income tax rate back to 91% like it was in the 1950’s when we had a great economy.
The truly rich would be fine. They don’t pay income tax, they live off of capital gains.
That’s just punishing people at the top of the working class. Doctors, lawyers, etc.