Economist makes his pitch for a national 'flat tax' in second Trump term

[@headscrewedonright9030]

Eliminate the wasteful spending in government. Millions for “molasses inspectors” is beyond ridiculous. If that isn’t addressed nothing will work. Term Limits. Eliminate lobbying. No tax on Social Security. The Nancy Pelosi way of thinking that “we must pass a bill in order to know what’s in it mentality needs to go.

[@markfischer7138]

I agree on term limits, and lobbying, and not allowing congress to trade stocks. You need inspectors, we cannot allow or trust corporations to inspect their own products and stay safe. Read the Jungle, this is why the government started to inspect meat packing plants to start with. The issues I also agree with is wasteful spending, we have a tax system that doesn't tax the rich well, and doesn't go after the 5000 plus millioniares wh currently owe taxes.

[@Ap_twsh]

Social security is a scam used for communist to get us closer to communism.

[@Jake-mv7yo]

@@markfischer7138 Americans don't read books anymore. Face it buddy we are going back to the gilded ages.

[@ChrisVink-b5b]

Nancy Pelosi ran the House in what can be described as "an authoritarian way". Remember the statements government leaders like Biden said that we must show democracy can work because authoritarianism is growing in the world. Anytime a government leader like Treasury Secretary Yellen comes on television and says the debt limit needs to be raised to pay for expenses already incurred, not new expenses, I wish she would be asked: " Madame, Treasury Secretary, are the tax receipts shown by the White House Office of Management and Budget as well as the Congressional Budget Office true and accurate? I find it hard to understand that statement above in the context of reported tax revenues.

[@headscrewedonright9030]

@@markfischer7138 I don't disagree with you on inspectors, but is that where the money is really going or is it code for someone else's pocket? None of this spending is audited at all. We really don't know where this money is going. We The People have a right to know how OUR tax money is spent.

[@johnandlukestube6405]

End the income tax! End the IRS!

[@ElSantoLuchador]

End the roads! End the national parks! Let's all form militias and live in the hills!

[@Ricky043]

And property tax

[@The_Real_Indiana_Joe]

It violates the right to property. Bring back common law adjudication for the people, and the people can't be taxed.

[@Braikdown]

Get rid of federal income taxes. This used to be considered unconstitutional.

[@GEEZERSPLAYHOUSE]

@@Braikdown don’t drive on any street payed for with taxes as a protest 🤡🇺🇸

[@dieterhauer8619]

Yup. The Fair Tax is the only solution! A Flat Tax is better than what we currently have... but, it's still stupid.

[@frotobaggins7169]

THIS

[@dangal9366]

2 month old bot

[@FosterTravis1071]

The 17th amendment says otherwise...

[@sailorichiban]

Income tax was only an emergency measure. Then it became permanent. Time to normalize, NO MORE INCOME TAX.

[@JamesDavis-t5w]

You need to add context. Lincoln started a war tax . It was repealed after the civil war! Woodrow Wilson started the wealth income tax. Lasted no time until everyone was taxed and the states went crazy adding their own. Unfortunately most people don't actually pay taxes. They get it deducted from a paycheck and get it all back plus

[@brianb6957]

Privileged labor was only taxed. Not private. Wake up folk's.

[@sailorichiban]

@@brianb6957 WHAT IS PRIVILEGED LABOR? What is your meaning ?

[@brianb6957]

@sailorichiban Working for the federal government.

[@tobucksy]

Who said, “There’s nothing as permanent as a temporary government program”?

[@mikeb2777]

Eliminate the income tax and use a national sales tax. This way the people with money pay their share and those with little money are not impacted.

[@thebooknanny]

Yes I’ve been praying for this for a while now.

[@IamJonny-o4v]

I don't like taxes purely for 1 reason, the government makes you calculate your own tax and penalises heavily for doing it wrong. I have no issues paying taxes as a US citizen, however I hate that I have to do the paperwork when the government already has all the info they need. Always struck me as odd.

[@ChristianKelv]

I don't regret the numerous financial mistakes I've made in the past since I've learnt from them. But the biggest one was planning my finances without consulting with a licensed financial counsel.

[@KarenLavia]

Indeed, I did make use of a financial counselor. As I get closer to retirement, their advice has been really helpful. I thought compound interest on index funds wouldn't be sufficient because I started late. It's amusing how I've done better than colleagues who have more years of investment experience. I've profited more than $886k tax free.

[@BellamyGriffin19]

Please who is the consultant that assists you with your investment and if you don't mind, how do I get in touch with them?

[@KarenLavia]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Lisa Grace Myer” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@JohnSmith060]

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

[@Ragingcapitalist92]

We don’t want any federal taxes, stop trying to sell us on it

[@vart7767]

CORRECT

[@sailorichiban]

@@vart7767 AGREED, NO INCOME TAX

[@Hugh3rd]

Oh so your okay eating contaminated food, breathing polluted air, and drinking contaminated water! Hope you don't have children!!

[@b195-l5s]

Flat tax is the only fair way to go, no credits or loopholes. Include congress in the flat tax

[@713devereux]

Especially no child deductions, I'm really sick of all the child tax credits.

[@1001Balance]

A flat tax instead of progressive tax is a tax on the poor and middle class

[@inquisitvem6723]

Sure if it is 1% for all.

[@ilovekitteys]

​@@1001Balance How?

[@fvid88]

@@713devereuxagree

[@lancelamoon6743]

IRS needs to go and 10% flat tax across the board.

[@forestryfuelsandfire213]

7% start low because you know its going to go up.

[@Fkay396912]

NO! You been "programed" There was NO TAX, for ANYONE, before 1913. How did we Aspire? How can a "man" ask his fellow man for 10%? Even God only requests a 10% tithe. It is Immoral. For 137 years, (1776-1913) UN-needed, Right?

[@TheDEFCONtwo]

@@forestryfuelsandfire213 Why not 6%? Or 5%?

[@fvid88]

10% of all gross income tax across the board

[@lancelamoon6743]

@ yes

[@jeremyduncan2013]

The government need to stop being greedy

[@gen_z_hippichikk]

Lol Trump increased the budget deficit by 375%. 🤔

[@seymorefact4333]

💡💡💡 ZERO INCOME, CAPITAL GAINS, SOCIAL SECURITY , PROPERTY TAX. ZERO!!!!! NO TAXES PERIOD. TARIFFS OF 200000%! TO ALL COUNTRIES!!! NOOOO MORE TAXES!!! CUT MILITARY BY 40%,. NO CORP BAILOUTS, SUBSIDISES, GRANTS. NO MORE WELFARE FOR CORP AND INDIVIDUALS. NO MORE EPA, OSHA, CIA, FBI, NSA! SEND MONEY BACK TO STATES! SALES TAX FLAT RATE OF 1%!!! BUDGET BALANCE!

[@ssuwandi3240]

​@@gen_z_hippichikk at 1.9% inflation and less than 3% unemployment, that's amazingly nothing to Biden 9% record high inflation and 4%+ unemployment

[@GEEZERSPLAYHOUSE]

We just voted in oligarchy. That is not going to happen in the foreseeable future.

[@GEEZERSPLAYHOUSE]

@@gen_z_hippichikk he did that last time through his tax cuts for the wealthy. I guess we have to pay for his lifestyle. Much like the subcontractors he stiffs.

[@ErikOosterwal]

Make the first $30,000 tax free (to help the poorest citizens) and tax earnings above $30,000 at no more than 10%. THEN... eliminate all business taxes. Businesses treat taxes as an expense that are passed on to the consumer. AND FINALLY... reform campaign finance rules to prohibit corporations, foundations, organizations, PACs, etc. from contributing to candidates. Candidates' campaigns should only be allowed to accept donations from people who are eligible to vote for them. There's too much foreign funding and special interest group money in politics and that undermines the interests of US citizens. 🤔

[@michaelparrish755]

Thats not a fair tax plan. Anyone making under 30k wouldn't have to pay but someone making 40k would. Fair is fair. Either none us pay anything or we ALL pay the same.

[@ErikOosterwal]

@michaelparrish755 The current standard deduction is about $30k. People making less than that don't pay taxes now. 🤔

[@dcpack]

@@michaelparrish755 You sound like a child. What the hell has being "fair" to do with paying taxes? The "fair" thing to do is not pay taxes at all. Outside of that it is all fair game.

[@dcpack]

@@ErikOosterwal Odd, my standard deduction was only $12,000. let us know your secrets.

[@gossipboynyc9625-VN]

Answer: Tax-Free Threshold and Flat Tax: "This proposal has moderate feasibility. It could gain support from those seeking to simplify the tax code and provide relief for low-income earners." Eliminating All Business Taxes Revenue Impact: This would lead to a massive loss of government revenue, making it highly impractical without significant alternative revenue sources. You would need VAT and revenue neutrality. So that's basically asking to switch to VAT tax system, and consumption based tax. Thus transition plan would include: Developing a smooth transition plan to phase out existing business taxes and implement the VAT.

[@UncleBen-h2y]

Get rid of the IRS, install a 10% flat tax payable to the treasury!!

[@dangal9366]

1 year old bot

[@protorhinocerator142]

With no deductions, no exemptions, and no whining. DO NOT adjust for the "poverty line", which is a political number anyway. If everyone pays 10%, then everyone has skin in the game, and nobody would be fine with Congress blowing billions/trillions on goofy nonsense.

[@dangal9366]

@protorhinocerator142 you do realize that means a tax hike for the poorest and tax cut for the rich ?

[@fishtexas5548]

​@@dangal9366the poorest don't pay taxes anyway.

[@cstuartdc]

We'll still have a deficit at 10%. A flat tax would have to approach 27% to balance the budget. And that means Red STates would HAVE to come off of Blue States dole. Which would FINALLY be a good thing I suppose.

[@Richard.Cabeza]

It's refreshing to see people ask questions the way many of us are thinking. Well done

[@Marie-léontineLanglois]

You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires I pray that anyone who reads this will be successful in life

[@LilouGuillaume-n2x]

Well explain thank you for bringing up this video Financial education is indeed required for more than 80% of the society in the country as very few are literate on the subject. The value of the US🇺🇲 dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. I'm worried that rising inflation will cause my 550k in my retirement funds to lose value, But with the help of Mrs Angela Leo I hit 220k this week from my investment of 45k, I am truly grateful for all the knowledge and nuggets you have given me over the past few months.

[@RémiWeber-u8b]

I have been seeing so many recommendations about Mrs Angela leo , she must be really good.

[@LydiaWongcc]

How ..? Am a newbie in crypto investment, please can you guide me through on how you made profit?

[@NoémieGrondin]

I'm glad to write her tay I do hope she will help handle my paycheck properly

[@NoémieGrondin]

Can I start with as low as $1000

[@opus5204]

Flat tax good, Eliminate Income tax entirely and replace with a national sales tax that exempts food, fuel, shelter even better. Chances Congress gives up that power? Zero

[@montrelouisebohon-harris7023]

I agree with you!!

[@heatherhall7899]

Don't you think that would suppress purchasing, and suppress the economy? Who's going to buy new furniture or a new fishing boat if they have to pay 20% tax on it? They'll live with the old stuff.

[@opus5204]

@@heatherhall7899 I'm former accountant for a fortune 500 corporation. Believe me when I tell you the Income tax that companies large and small is already worked into the prices Comsumers pay. You are already paying much more than 20% in hidden taxes and fees with every purchase. In theory the base price of goods should be reduced by the taxes companies no longer pay and the consumer has a real idea of where his money is going. The stimulus to the economy would be incredible

[@DrunkenRhinoceros]

A flat tax would be a boon for the economy. 15% - 20% with zero exemptions for anyone. It would also eliminate the need for 81k new IRS agents.

[@Gunderblinx]

20 is way to much. 10%-15% is acceptable

[@calledout4437]

Nah 10%

[@RJ-fe9pu]

3% sales tax you shouldn't be penalized for production

[@kurtphilly]

A one-time boon for the economy in the initial year, and it would save the richest people the most money and wouldn't benefit the poorest people at all. You would still require IRS workers for business taxes and contractors. It also wouldn't fix our debt issues either.

[@ericallen8263]

That's way way to high..If you make 100k a year that 15 to 20k that's way more than we pay now...eliminate income tax all together and get it in the form of tariffs and sales tax.

[@clnelson321]

A consumption tax, like the FairTax, makes so much more sense. Everyone pays with a consumption tax. No freeloaders.

[@Ziegfried82]

I would be OK with this as an alternative for sure. Fair tax makes sure nobody can vote for tax increases without feeling it, same thing with a consumption tax.

[@heatherhall7899]

How does that make sense when working class people spend most all of their earnings of things they need which would be "consumption", but the wealthy put most of their earnings into investments which would not be taxed because they are not "consumption"?

[@clnelson321]

@@heatherhall7899 Wealthy people buy very expensive things...just sayin.

[@heatherhall7899]

@@clnelson321 Yes. But they also have money left over and they invest that money. I have worked for wealthy people and am very familiar with their financial lives. If your annual income is, say $5 million, how many things are there to buy, really?

[@THECOMMUNIONOFLUCIFER-zl6kx]

Also it cannot be IRS enforced. The government will have to ask NICELY for money!

[@throughhellback3931]

that's the MAIN point!!!

[@kurtphilly]

What taxes are currently enforced by the IRS? If you have an employer your taxes are removed every pay check.

[@gerbelg1]

The fair tax is the way to go!😊

[@BbTenn]

I agree. We really need to revisit this idea.

[@rayfordswindle3259]

Flat sales tax Just like Texas, Florida, Tennessee, South Dakota, etc…….

[@gerbelg1]

@@rayfordswindle3259 no more irs, period!

[@rayfordswindle3259]

@ Flat sales tax would get rid of the IRS.

[@josephmorrison2509]

Flat tax is long overdue

[@ChrisVink-b5b]

The government leaders need to establish spending plans, which include numbers with however they want to change the taxation system. I could possibly envision a future with federal tax revenue coming from a mix of a national sales tax and an income tax. That would mean our income tax rates are lower. But there has been no detailed financial modeling and analysis. What is done through the media is just repeating slogans of emotional phrases. What has bothered me the most about the language surrounding the debt limit is pundits and government leaders repeating that the debt limit needs to be raised to pay for expenses already incurred, not new spending. The government gets the spending money either from some form of tax revenue, or issuing bonds in exchange for cash, which is defined as debt. There is no such thing as someone spending money they do not have. It is just a question of how the person or organization got control of the money. I just listened yesterday to two pundits from "The Hill" saying the debt ceiling will be raised, and it will pay for money already spent. That does not make any sense. Money can only be spent by any entity they have control over it, albeit temporary. The debt ceiling means the Treasury cannot borrow more money until a new higher limit is set by a majority of votes in both chambers of Congress. The president then signs it. "Extraordinary measures seems to mean that the executives in the Treasury Department take funds normally used to pay for retirement investment funds for federal employees, and instead uses them for their salaries. Are these sources of funds tax revenue? That is the interesting question, and where this whole subject becomes confusing.

[@LatinJck]

No, consumption tax.

[@CobaltAlphaOne]

@@LatinJck Consumption tax benefits the wealthy. They only spend a percentage of the money they make.

[@gossipboynyc9625-VN]

Answer: Simplifying Tax Code: High feasibility, bipartisan support. Benefits: Increased compliance, efficiency, fairness. Risks: Unintended consequences. Reducing Special Interest Deductions: Moderate feasibility. Benefits: Broader tax base, increased revenue. Risks: Political opposition. Could also have reduced bracket to 2, another possibility. 2-bracket "One approach could involve a low tax rate for the first bracket, with a relatively high income threshold before entering the second, higher tax bracket. This could provide significant tax relief for low- and middle-income earners. Flat Tax with Exemptions: Another approach could be a flat tax rate for all income above a certain exemption level. This would simplify the system but could be less progressive than a graduated system." Your proposal is Flat Tax with Exemptions. (all above a certain exemption) Flat Tax with Exemptions: Personal: Basic exemption for all, plus additional exemptions for dependents. Income-Based: Higher exemptions for low-income taxpayers, phased out as income increases. Targeted: Exemptions for disabilities, medical expenses, etc. Other: Exemptions for retirement savings and charitable donations.

[@gossipboynyc9625-VN]

Flat Tax with Exemptions: Personal: Basic exemption for all, plus additional exemptions for dependents. Income-Based: Higher exemptions for low-income taxpayers, phased out as income increases. Targeted: Exemptions for disabilities, medical expenses, etc. Other: Exemptions for retirement savings and charitable donations. Other potential option is, bracket to two. Simple and easier to understand (crucial to carefully design those brackets to ensure fairness and avoid unintended consequences, neutral revenue balance) could involve a lower tax rate for the first bracket and a higher rate for the second, with the income threshold for the second bracket carefully set to balance simplicity with progressivity

[@fjm1235]

Totally agree. Take the crack (our tax monies) away from the addicts (career politicians). A smaller govt doesn't need massive tax funding.

[@JohnDoe-ui5gm]

So take the crack from the career politicians and give it to the social media, fox News and reality TV stars...got it.

[@73ajd1]

That's not what he's pitching. You don't understand at all, again... still.

[@katenoke1571]

@@73ajd1 what do you expect? Conservative elites want the people as uneducated as possible

[@northupupgrages09]

Im totally down with this idea!! Lets Re Examine the Fair Tax & Flat Tax ideas & see what comes of it. That means EVERYONE pays the taxes. Even the illegals.

[@LatinJck]

No only consumption tax.

[@davidpearson5349]

Isnt it funny that they cant agree over the best way to take our money?

[@Kevin-oc2jb]

Taxes should be based on the resources you consume, not on the rewards for what you produce.

[@SteveGrin]

That would be reasonable, so you know it will never happen. Flat tax is the best we can hope for.

[@KimberlyWalrath]

Sadly, poorer citizens cannot afford EV cars, have to live much further outside of cities, and are required to be at work every day. So that's not very fair. Do you see a solution for that?

[@teresaarnold6605]

Exactly! Is anyone listening to what Trump is talking about, the tariffs which was extremely successful in the 1890's -1913? We DON'T NEED ANY KIND OF FEDERAL TAX! Just on newly purchased goods possibly. What we do NEED is to get rid of most of our greedy corrupt government who've brainwashed us for years.

[@BbTenn]

@@KimberlyWalrathThe Fair Tax comes with a “prebate” that covers an amount of taxes for low income people. It’s an idea that’s worth investigating.

[@masyapanama1298]

That is pretty much the definition of sales tax

[@daleehrisman9943]

The best way to stop the government waste and tax loopholes is to have a flat tax, remove the IRS code and pass an admendment to cap the federal budget to 15% of GDP. no more deficit!!!

[@ChrisVink-b5b]

You also need to establish a rate for that flat tax, and how many people it applies to. People who get on television representing think tanks never show calculations. They just repeat the same phrases they have been saying for decades.

[@Polaris19678]

@@daleehrisman9943 the Flat Tax keeps the IRS around only to be used against the Americans. A consumption tax eliminates the IRS and Taxes us on only new items.

[@heatherhall7899]

The average working class family pays a lot less than 15% tax under our present system. A flat tax lowers the rate for the wealthy and raises it for the working class. Why is that a good idea?

[@heatherhall7899]

Most of the tax code sets out rules for how businesses calculate taxable income. How inventory is valued, expenses which have to be capitalized, depreciation of assets, how mergers are handled for tax purposes, stuff like that. If the tax code is cancelled, then what? One business does this and another does that and each obviously tries to outdo the others on how to crunch numbers to pay less taxes? Plus, what about tax cheats? You think businesses -- who calculate their own income by recording their own sales and expenses -- are going to be all honest all of a sudden?

[@daleehrisman9943]

@@heatherhall7899 Under the flat tax you would have the standard deduction so the working class would not be punished as you have said, but everyone would have skin in the game. And hopefully would become involved in the government!

[@aggowl4572]

A consumption tax where ESSENTIALS (groceries, fuel, cars)are NOT taxed at all and LUXURY items (planes, yachts, cars over $200K) are taxed at a higher rate.

[@pbshooter100]

The tax preparation industry will never let us have a flat income tax

[@July.4.1776]

That is a problem.

[@SapphireSpire]

They prefer to pay $40k per person convicted of tax evasion.

[@ahnanguhr5918]

If we learn anything from 2024 it should be that WE are in charge and we will have it our way.

[@miltonmiller5562]

Who cares

[@ericallen8263]

They won't have a choice..Pretty soon there going to have the people in there faces and there attitudes will change

[@kcor4]

It doesn't matter what you do with taxes if you don't address Congress' spending problem first. They have to be forced to set a budget and abide by it. Perhaps they could do something like tie spending to GDP.

[@ohwell2790]

The problem with a flat tax is taxes always start out small and then just go up and up and up.

[@vart7767]

THAT IS ALL TAXES

[@frotobaggins7169]

The biggest road block to a flat tax is the accounting industry as a whole and Intuit specifically. They don't want you to be able to do your taxes because then THEY couldn't make hundreds of millions doing them for you.

[@conniebabcock2839]

Many millions are not paying taxes. People over 70 should not have to pay taxes anymore. It’s too much to keep doing with only social security

[@WalkerOne]

The "Fair Tax" is a better way to go. Get rid of the income tax and replace it with a national sales tax.

[@protorhinocerator142]

Nope. The word "fair" has been corrupted.

[@SteveGrin]

Until the government starts picking winners and losers by deciding what get taxed. It would have to be on EVERYTHING, even food and diapers....

[@feoxorus]

People with substantial assets love a VAT because their stuff is all already paid for and their living expenses are not a significant part of their budget. For someone making 40k, though, a 17% VAT is a back-breaker because a higher percentage of their income is spent on basic necessities.

[@FosterTravis1071]

Extra taxes on the poor and middle class is your solution, huh? How much are you hiding from the IRS?

[@SteveGrin]

@@feoxorus Rich people spend more money and will pay more tax.

[@JawadAli-c4r]

I support abolishing the federal income tax. If you penalize success, you limit incentives for improvements.

[@73ajd1]

Right..... no one wants to be rich anymore because of tax liabilities. Do you even hear how dumb that is?

[@jamesseeker1538]

​@@73ajd1lol these people get more scraps than others so they're all for not being on the bottom and will prop up any system that gives em those scraps

[@matthewcarroll2533]

@@73ajd1 Lol, some people. Granted, I'm pretty sure you replied to a bot. :P

[@stown308]

No income taxes. Only consumption tax.

[@hke20194Q]

Brake the Chains on the American people!

[@Max-nt7ho]

**Break

[@joevarga5982]

You probably say "My car needs new breaks", right?

[@afpeckjr7268]

My car is broked the braces flailed

[@MikeYurbasovich]

​@joevarga5982 "Close the boarder" 😂

[@TechnoPagan87109]

A flat tax is what is called 'regressive'. It hits the poorest people hardest and the very wealthy hardly at all. Raise your hand if you're a billionaire

Can you show an example ?

[@curtbowers7817]

Nonsense. I’m not a millionaire or billionaire and we would benefit greatly from a flat tax.

[@jeffh3984]

a flat tax isn't regressive. it's the same percentage for everyone. a regressive tax would be if everyone paid the same dollar amount.

[@user-yo8ww9rk2p]

The IRS tax code must be abolished. A flat tax should be implemented that is simple and short enough that you can do it at home. THE IRS CANNOT EVEN BALANCE THEIR OWN BOOKS!

[@marshallkobe]

The irs balances their books fine. All those new agents you railed against earn 6 dollars to every dollar spent. I’d love to see what you do once all government services go away.

[@user-yo8ww9rk2p]

@marshallkobe The IRS cannot balance their books. What you said is not true. I knew a CPA who worked for the agency and he admitted it was a mess. The U.S. Tax Code is 73,954 pages and each code is open to interpretation. The U.S. and all domestic agencies must be transparent and should accept full responsibility and accountability for how they handle taxpayer monies, hence the term public service.

[@98837tim]

Term limits!

[@dieterhauer8619]

A Fair Tax is the way to go! NOT a flat tax! If we had the Fair Tax... we could get rid of the IRS ... AND, NO MORE FILING OF INCOME TAXES!!! OMG... IMAGINE.... NO MORE FILING OF INCOME TAXES AT ALL!!

[@Fkay396912]

You mean like we had from 1776-1913? where NO ONE payed ANY Tax? AND, America became a World Power by the 1890's? Hmm? I can see you KNOW, our History well.........Bah Ha Ha !

[@BbTenn]

💯I love the idea of the Fair Tax.

[@Fkay396912]

@@BbTenn According to Who's "Fair"? YOU? A Politician? A Politician AFTER, he got CA$H Campaign Contributions? Etc,

[@markellerbrock2475]

A flat tax is regressive. It hurts low income families and individuals. If it's an flat income tax, the rich will not end up paying anything because they usually don't have income. They have stocks.

[@danflammang6583]

Think Steve Moore doesn't know that, of course he does. But that's his goal, so of course it goes unmentioned.

[@casmartin1314]

Exactly. So many more americans rely on income think this is a win for them.

[@jimwest3748]

A flat tax with a large personal exemption has average tax rates that rise in income - the definition of progressivity.

[@billstapleton1084]

You want the "Rich" to pay their fair share? Go with a flat tax. Simple.

[@CobaltAlphaOne]

The rich love the idea. Their tax rate will go way, way down.

[@73ajd1]

Progressive tax is fine if you get rid of the write offs

[@oliphauntsneverlie6227]

The "rich" already pay the bulk of the taxes. But I agree a flat tax is the way to go. About 5% would do it with DOGE on the ball.

[@JohnDoe-ew3xt]

@@73ajd1 "Progressive tax is fine" do you consider it to be "fair"??

[@73ajd1]

@JohnDoe-ew3xt absolutely. It's how this country was built.

[@PUFFYADDERSONSFakeNewsAN-qv4ku]

I don't think poorer people are going to support much of FLAT TAX.

[@eventhorizon5183]

The only problem with a "flat tax" is that our politicians with increase it over time to a point where we are today with high taxes and some deductions. So we'll end up with the same high taxes rate but with no deductions .

[@frotobaggins7169]

The problem with the flat tax is the rich will hide assets and use their corporations to funnel everything, hiding from the taxes. Just like they do now with not taking salaries and using stock to hide their enormous pay, then call it "capitol gains" and some low rate using all kinds of hidden tax loopholes to pay less or nothing.

[@jeffh3984]

actually a flat tax would reduce the likelihood of tax increases - because the tax increase would have to be on *everyone*. what politician wants to anger the entire voting population?

[@MrTom1468]

Just use a tariff based system. Trump has spoken about such.

[@OneBiasedOpinion]

Gotta be careful how far we leap at one time. I think aiming for a flat tax as a starting point is a great way to finally get us moving back towards that tariff-based system, but I think our industrial economy needs some years of serious growth before tariffs have the potential to pay for everything.

[@MrTom1468]

@OneBiasedOpinion i think if you take your time it never happens. Sometimes times you just take the chance, make it happen and sort out the problems as they come

[@sherburck]

Before the 70’s tariffs were how the federal government was funded….

[@carlrball]

We have federal income taxes, some states have state income taxes. property taxes(for those who own their home) sales and use taxes in most but not all states, hotel taxes, cable tv taxes, cell phone taxes, inheritance taxes, tolls on many roads and bridges and on and on. NO WAY a federal tax. I like the ( loopholes) which actually are DEDUCTIONS that congress put in the code to HELP us. Unfortunately it can get complicated and most Americans are unsure whether they will owe federal and state income taxes or not.

[@THUYTRAN-sp3om]

Property taxes need to be looked at as well. They became so unreasonable that put homeowners in debt!

[@tsm7964]

Flat tax would be perfect. 🎉

[@williamadams5384]

SO BASICALLY INCREASE TAXES ON THE BOTTOM 68% OF AMERICANS. THAT'S WHAT THIS IS.

[@lauracoussens6207]

10% for God and never more than 10% for the government.

[@BirsenAyse]

Leaks coming out about Trump working together with shareholders involved with Qarddin Token

[@kraftwurx_Aviation]

The fact that you can't even spell it speaks volumes about what you know iw about it.

[@fortyseven1832]

More unnamed sources

[@MaverickMark196]

Sales tax, every one pays!

[@paulward5491]

Political suicide. Can you imagine the reaction when the cost of a frozen pizza goes up?

[@byronbuck1762]

And the poor and middle class pay far more relative to income

[@MaverickMark196]

@ the poor pay nothing now. Everyone needs to contribute

[@byronbuck1762]

@ increase taxes on the poor. Cut the taxes of the rich. Got it

[@fairlane19641]

Bad for the poorest

[@IrmgardZeller]

Qarddin Token will make millionaires, after CEX listing it will blow up.

[@jlynnc9559]

Scam

[@kraftwurx_Aviation]

The fact that you can't even spell it speaks volumes about what you know about it.

[@LORENZOFarley-r6e]

Wonder how Trump administration is going to be pumping Qarddin Token

[@kraftwurx_Aviation]

The fact that you can't even spell it speaks volumes about what you know iw about it.

[@lakeguy65616]

the time has come for a national flat tax!

[@johnfalco9528]

Problem with a flat tax is will most certainly come with some form of VAT (value added tax) and that will open the door to a whole new avenue of taxation. While I believe that taxes should be lower, I also believe that everyone should have skin in the game ( so to speak). In other words wether rich or poor not one single person should get more money back from the government than what they paid into the tax system at their minimum rate.

[@johnaiken9615]

We already have a valued add tax, it is called INFLATION.

[@frotobaggins7169]

VAT is also called "fair tax" and "national sales tax". I call it the 'tax on other people" People will vote to increase the tax because they see it as a tax on other people, it will escalate quickly until it is out of hand and has a negative effect on sales.

[@JB-mp3cg]

Raising taxes on the poor will put democrats in office. Please no!

[@RickyEnEspanol]

They could just do a higher sin tax on Cigarettes, Alcohol, Marijuana (whenever that’s legal) Also, why am I having to file? Take a flat 10% out of my paycheck, and let that be the end of it.

[@frotobaggins7169]

@@RickyEnEspanol The IRS wanted to make it so essentially they would send you a "tax bill" If you agreed, you send it back and that's that. If not you could file the old 1040...Intuit fought it tooth and nail, spending 200 million to defeat the bill.

[@keri3862]

I'm a fan of VAT. You buy a $800 couch you pay x-amount. You buy an $8000 couch you pay more tax.

[@feoxorus]

And if you make 24k that flat tax makes a higher impact. People that can buy $8k couches are high net worth people.

[@MrWookie1981]

VAT tax is regressive. I do not believe anyone would agree that poor people should pay more of their income to taxes than rich people.

[@BbTenn]

The Fair Tax is a better option as it offsets most of the tax paid by lower income people with a “prebate”.

[@MrWookie1981]

@@BbTenn But middle class still pays a higher percentage of income than upper and rich class. Why would you want this?

[@BbTenn]

@@MrWookie1981 The amount you pay depends on how much you buy. As long as the rate is reasonable - and is less than I would pay under our current tax system - I don’t really care how much wealthier people pay. If they purchase multiple large homes, fancy cars, jewelry, artwork, etc., they’ll be paying a lot more than the average person.

[@Bobcat9]

"Pay your fair share" said the chief executive whose own son plead guilty and was convicted for not paying his; who then pardoned that son after repeatedly promising he would not. Meanwhile, why is the "fair share" more for some and less for others? Just because I make more, I have to pay more? Any flat tax should not be based on a percentage, it should be a definite amount so the "fair share" is equal.

[@davidwilliams4498]

Exactly Biden a 50 year corrupt joke. He always backed the money the corruption. Simple math have a base tax with no loopholes an gov is fully funded

[@marshallkobe]

He paid his back taxes. And trump why he doesn’t pay any taxes at all.

[@Bobcat9]

@ Ok. So he paid those back taxes, that doesn’t excuse the fact that he evaded paying them in the first place. Second of all, who told you that Trump doesn’t pay taxes?

[@TranquilVista]

Anything more than 10% is too much! If the government can’t operate on that, then they need to QUIT WASTING SO MUCH MONEY!!! QUIT GIVING OUR MONEY AWAY !!!!

[@tonyvelez2070]

No worries Trump will fix everything like no one ever seen before 😂

[@JacobColson34]

😂😂😂😂

[@Ziegfried82]

Hahahah yeah I highly doubt it. But there will be a few things like stopping the criminal illegal immigrant gangs like tren de aragua. But the overall decline of the US will continue.

[@jcnash02]

100% of Charitable donations to a religious organization should forever be exempt.

[@gerbelg1]

Bye Bye irs....🤫

[@coachgayle7932]

HOW ABOUT NO INCOME TAX AT ALL!!! Geez

[@louisepearson-sk1gg]

Who needs healthcare, social security, infrastructure and defense spending 😂

[@THECOMMUNIONOFLUCIFER-zl6kx]

@@louisepearson-sk1gg social security ISN'T funded by INCOME TAXES.

[@GG-mr9iz]

Flat tax is good. We need a low simplified tax system

[@colberthunter12]

We need a wealth tax, explain how 2 percent of the people in America have all the wealth and the majority of us have the scraps and you want us to pay more taxes on those scraps, I bet you think Elon deserves the billions he has captured and I need to stop being jealous and work harder, so Elon can bring in people who will work for lesser scraps and still pay this flat tax, explain yourself?

[@roylamb975]

​@@colberthunter12 yes you should work harder or smarter. 😎

[@GG-mr9iz]

@@colberthunter12 Those type of taxes are bad because it also hurts middle class. The middle class taxes will also rise as they are in higher bracket. And it’s not like middle class makes a lot of money. The poor gets a lot benefits for being poor. The rich, well they are still rich. The middle class in the mean time are in a shitty situation where they not only pay taxes, but they are not even rich, while they do all the work? Tell me if that’s fair? Just low flat tax to everyone so that it doesn’t target anyone and not lead unnecessary inflation.

[@Randman64]

The poor and working class need to pay their fair share. They need to stop wasting money on food, medicine and shelter.

[@billpointer6451]

Tariffs no taxes

[@MrWookie1981]

Tariffs are taxes hidden in the price of things you purchase. Do you not want to know how much tax you pay?

[@BbTenn]

@@MrWookie1981Many of the taxes we pay are also hidden.

[@MrWookie1981]

@@BbTenn So you are OK with paying tax as long as you do not realize what you are paying?

[@BbTenn]

@ I prefer to know what I’m paying, but our current system occludes that information. I don’t particularly want to pay any form of tax, but would prefer the government get its money from tariffs rather than income taxes (or inflating the money supply).

[@davecastillo4164]

​​@@BbTenn- Both ways it's your money. You're paying the tax.

[@Marann771]

15% is 15%....no more...no less. I vote yes!

[@williamadams5384]

lol plan was studied. 28% would have to be the number to produce the same revenue as we are getting today. Its that okay. Almost doubled.

[@fairtaxjohnny]

Or The "FairTax.

[@BbTenn]

💯

[@last1out]

F that. Zero income. Zero property. A balanced budget amendment. No subsidies for corporations. Our gov't is completely irresponsible with money.

[@warriorchick-111]

No!! Get rid of tax!!

[@BbTenn]

I prefer the Fair Tax.

[@AndrewMikel-js7qb]

Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️

[@laurawilliams713]

I'm 37 and have been looking for ways to be successful, please how??

[@AndrewMikel-js7qb]

Sure, the investment-advisor that guides me is..

[@AndrewMikel-js7qb]

Mrs Joyce kim

[@nancyflores1787]

Same i met Joyce kim last year for the first time at a conference in Wilshire after then my Life has changed for good.God bless Joyce kim

[@henrymartin9168]

Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!

[@bobnankervis9722]

A flat tax on the surface sounds great. However if it takes, say $50k just to survive in the US so that you are still alive in the morning to go back to work then how would you be capable to pay any tax if your income were less than $50k? Do without food or something? So would that then require a $50k exemption? Food for thought. No pun intended

[@Johnnywalnuts1]

The greatest gift the rich could ever get

[@Ziegfried82]

Progressives really hate it when the rich are treated fairly. Progressives would rather punish the rich and play at being robin hood.

[@lancelamoon6743]

10 even 15 percent flat tax would explode the economy and I hope like hell they get it done.

[@paulward5491]

Any thoughts on the inflation that would result?

[@AmeriGlobal]

Wealthy folks desire a flat tax.

[@stevenstanford4028]

Thank you, fox and Steven Moore. For keeping the subjects light and stupid, I know most here.Your viewers will appreciate the lies that you tell them

[@marshallkobe]

Steven Moore is the epitome of “failing up”. He’s wrong even more than Larry Kudlow and that’s saying something.

[@Fred-y8w]

A Flat tax would obviously be one of the Smartest things that America should have.

[@SapphireSpire]

A flat income tax is inherently regressive. A better alternative is the Fair Tax, a flat national consumption tax that includes a monthly advanced rebate for all US citizens. The rebate refunds the tax on all spending up to the poverty level, which untaxes the poor and everyone else pays according to what we spend beyond that. It ends the income tax code and gets the IRS off our backs and out of our lives.

[@BbTenn]

💯

[@robingaray8321]

Yes. Flat rate tax please. Get rid of irs

[@irrealislife]

No flat tax. 0% on all income up to $100,000 for an individual, $150,000 for families, then implement a flat tax above that. People living paycheck to paycheck should not be taxed. They’re burdened enough.

[@douglackie3777]

I just don’t understand why they just can not take money off sales ?when you buy something and it goes to federal just like the states does? That way no more paying a CPA or all the paper work to do ever year!

[@GEEZERSPLAYHOUSE]

Hilarious. As if the American government will ever give up the carrot and 😂stick over the citizen. Another conservative fantasy. So detached from reality.

[@Bill-g7d]

The whole economy has been detached from reality for decades. And the ones who’ve understood this do well.

[@GEEZERSPLAYHOUSE]

@@Bill-g7d Yes. Fundamentals died a long time ago.

[@NoahPrice-c8f]

We need to get rid of flat tax. I don't care if it's legislation.

[@Crookedriverhooligan]

There is absolutely no legitimate reason for Congress and Senate to drag their feet on implementing a flat tax at around 11 or 12%

[@Robert-dx4fq]

What a load of crap the poor pay more and the rich get a pass

[@byronbuck1762]

Other than the poor and middle class get screwed and the rich get the benefits

[@Free2moveon]

90% of America wants 8% Flat tax no IRS ....end it. MAGA

[@2Rugrats9597]

I would be ok w a flat 8% but i have a feeling it would be in the 10-15% range

[@davecastillo4164]

90%? That's an interesting number pulled out of nowhere.

[@Ziegfried82]

@@davecastillo4164 yeah there are a huge number of welfare leeches that are paying zero right now that would not be happy having to pay 8% lololol

[@R0MANS109]

A national flat tax, and get rid of the unjust property taxes.

[@bruceellenburg429]

No one making under 30k per year should be paying federal taxes, including

[@DillyDahlia]

Wrong. Everyone should have some skin in the game and pay something for the infrastructure they benefit from. A flat percentage is the fairest way.

[@bruceellenburg429]

@DillyDahlia they do. It's called gasoline, state and local taxes

[@isabelreyes1056]

President Trump is Anointed and Appointed by God and NO weapons formed against our RIGHTFUL President will prosper. 🙏🙏🙏

[@mikeyoung260]

Quit treating trump like a god. U r idolizing a man.

[@RodTwitch]

Worshipping a false idol is a sin.

[@nicolestoane5024]

These people are pure liars, even they know they can't hide it for too much longer. It's a sham.

[@prinzezznatalie]

Amazing video, you work for 40yrs to have $1M in your retirement , meanwhile some people are putting just $10k into trading from just few months ago and now they are multimillionaires.

[@mistdmnr82]

Could you please tell me how does this works?

[@prinzezznatalie]

It was hard for me to grasp when I was an American school aged kid decades ago. Now, it's just simple since I met Fred my portfolio manager

[@BenAlwell]

Wow I know Fred freld. Her platform maintains a unique perspective and is very transparent with their investors. Regardless of whether or not she outperforms. I will forever stay invested!

[@DaveOwen-tq8nd]

Same here I have made more than 90k God bless MRS Fred freld. God bless America🇺🇸

[@gothicroses666]

As an European, your system is utter madness. How do I reach Fred???

[@Rainy_Day12234]

A flat income tax would save our country hundreds of billions of Dollars a year in tax compliance costs.

[@bobnankervis9722]

For me I am glad the wealthy exist. If they didn't who would hire and give you a job? A poor person? And who would pay the majority of all taxes? The poor and middle class? Be careful of what you ask for

[@CocoChanel-b7q]

Every single person needs to pay taxes! Not half the country paying all the taxes while the other half pay nothing???!!!

[@karimbennett5651]

A flat tax or national sales tax in place of an income tax wound be regressive and lead to lower income American shouldering a higher tax burden than a wealthier person would. How is that fair? Sometimes, simpler is worse, not better.

[@jeffh3984]

how would a lower income person be shouldering a higher tax burden? if the flat tax is 10%, a person making 10,,000 per year pays 1,000. a person making 100,000 per year pays 10,000. the higher-income person has a larger tax burden (i'm assuming you realize that 10,000 is more than 1,000)

[@thetyperpiper]

Just repeal the 16th and 17th amendments: no more personal income tax, no need for term limits.

[@colinroll9555]

How about the people pay zero tax? The way it was before 1914....

[@paulward5491]

How did the government generate income back then?

[@fishtexas5548]

​@@paulward5491tariffs

[@byronbuck1762]

The government provides far more services now than they did then. Interstate highways, air traffic control, water supply and flood control, safe food and drugs, environmental protection, wildlife management on and on

[@regororav]

This guy is right on.

[@rayquintana2231]

15% tariff on all imports. 15% flat tax. .01% sales tax on non-essentials and slash government waste by 1.5 trillion and get rid of the fed.

[@robinirons8140]

Yes!!

[@Sharon-wh9hw]

How about we get rid of all taxes 😳 this is way out of control

[@terryjohnson1376]

Who else does not like Trickle Down Economics?

[@braydensimmons1408]

You’ve never lived through trickle down economics.

[@wildernessrecharge7395]

It should be an income tax, not a ‘cost of living tax’. Make it flat!

[@williamadams5384]

Consumption tax. It's the only thing the rich want. Not going to be an income-based tax. It's all about shifting the tax burden to the poor and middle class. Most people will pay more.