Trump Wants No Tax For Americans Making Less Than $150,000 A Year

[Nuthin' Fancy]

Listening to billionaires whine like babies, when all of the tax cuts by Trump, Bush and Reagan go away, and wipe out trillions in their personal wealth is what will be funny.

That's coming you know?

Didn't take tax cuts to do that.

Tesla shares plunge 15%, suffering steepest drop in five ...​

CNBC
https://www.cnbc.com › 2025/03/10 › tesla-shares-plun...
5 days ago — Since peaking at $479.86 on Dec. 17, Tesla shares have lost more than 50% of their value, wiping out upward of $800 billion in market cap.

Here's why Elon Musk has lost billions (and is still the ...​

CBC
https://www.cbc.ca › elon-musk-wealth-tesla-1.7480542
3 days ago — Tesla CEO has lost $126 billion US of his personal wealth so far this year as shares of EV company tumble.

Trump Media says it lost more than $400 million last year ...​

CBS News
https://www.cbsnews.com › MoneyWatch
Feb 17, 2025 — The parent company of President Donald Trump's social networking site Truth Social says its losses were due to non-cash charges.

Trump Media & Technology Stock Has Lost Half Its Value ...​

Investopedia
https://www.investopedia.com › trump-media-and-tech...
5 days ago — Trump Media shares recently were down nearly 12% at $19.80. On Jan. 17, the last trading day before Trump was sworn in, the stock closed at $40 ...

A grade school kid could run a lemon-aide stand better than these two.
Of course............Grade school kids don't get tax breaks.

BOTH.........Government SOCIALIST.

 

[The Sage of Main Street]

Clearly, a tax cut for the rich.

How the RichKid Reich Flattens Us

Hereditary rich, who are a completely different breed. Proof is that dorky Steve Forbes was its main advocate. In a society free enough to abolish birth privileges, he'd be a nobody.

Russian courtesans refer to their kleptocrat clients as "Forbeses."

 

[The Sage of Main Street]

The 'rich' are anyone the Democrats have decided they can fleece.

From Camelot in a Direct Line to Kamala

Except the HeirHeads who created the palace jesters' anti-majority ideology. This movement started with JFK. Without his Daddy's millions, he would have wound up being, at most, a bartender.

 

[The Sage of Main Street]

No they aren't.

DOGEing Uncle Kotex

Going which way? Cancel all funding for the immigration criminals and their trouble-making brats, and most of them will self-deport. States get nothing for education and healthcare until they restrict all benefit to citizens only. This was done with federal transportation funds in order to force states to pass seat-belt laws.

 

[The Sage of Main Street]

You're right, they're actually down 98%.

Quietly Quisling

If incoming is all that matters, it only means that our cheapskate businessmen have enough Third World peons to make them rich off wage-gouging.

 

[The Sage of Main Street]

They applied for asylum which means they were not illegal.

Repeal the Asylum Law and Dismiss All Pending Cases

 

[Nuthin' Fancy]

I would rather see a flat tax on personal income and a flat tax on corporate income with no deductions, but this would certainly be better than the current code and I would support it, but don't hold your breath. It's unlikely to happen. If it's actually proposed, it will be interesting to see who stands against it and why.

That is IF the orange retard can balances the budget.

Lutnick says Trump wants to waive taxes for those earning ...​

Reuters
https://www.reuters.com › world › lutnick-says-trump-...
2 days ago — U.S. President Donald Trump would like to waive taxes for Americans earning under $150000 once he balances the budget, Commerce Secretary ...

Lutnick says Trump wants to waive taxes for those earning under $150,000 when budget balanced- Fox News​

By Reuters
March 13, 20254:18 PM EDTUpdated 2 days ago

LOL.

 

[The Sage of Main Street]

Larger companies are doing this with partnerships with local community colleges. The industrial offerings these colleges have are often added to their curriculum in response to the requests of the local businesses. I augmented my skills this way for many years on the company's dime.

Education Is Not Free Unless the Student Is Paid to Study

The media intentionally make it all about tuition and nothing about it being work without pay. Whatever they omit is a clue to what is really important. The Netrix ignores whatever the fake-partisan media ignore.

Also, the companies shouldn't be generic by only paying the tuition for wannabes. They must recruit or accept only applicants with high test scores.

Some sadistic Educationist said, "It's only for those who want it hard enough." That is saying that success is literally for wannabes.

Everything we're made to believe is an insult to talent, because talent is exploited to create all the wealth of the plutocrat parasites and gets a very low percentage of it.

 

[The Sage of Main Street]

you won't have to peel yourself off of the ceiling every time he says something that is out of the box.

Trump Provides That for MAGA's Entertainment

 

[The Sage of Main Street]

The borrowing, spending and growth of government is OUT OF CONTROL! These idiots in Washington are going to bankrupt the country. Just to buy themselves another term in office so they can scam and graft and grift themselves a personal fortune.

Same on Wall Street, the Other Wing of the Vulture

 

[Rocko]

I don’t think he’ll have the votes

 

[The Sage of Main Street]

That's almost as bad as addressing the problem in an irresponsible and reckless fashion as trump is doing.

Two Sides of the Same Token

Every other Republican tip-toed reform, which indicates that they never wanted to really hurt their Democratic fraternity brothers.

 

[d0gbreath]

Where was this proposal back when I was working my ass off? It's kind of like the possible DOGE 5k checks. I don't make enough now to get one. I am such a ******* victim. Or, born under a bad sign.

 

[LeftofLeft]

Don't be surprised if you see more national debt at the end of 2025. Trump's masterpiece! Lol.

As of now, President Donald Trump's goal is to eliminate taxes for Americans earning less than $150,000 per year, according to statements made by U.S. Commerce Secretary Howard Lutnick1247. This proposal is part of a broader tax strategy that includes eliminating taxes on tips, overtime pay, and Social Security benefits, as well as reducing corporate taxes14. However, the plan's feasibility and potential impact on the national debt and economy are subjects of ongoing debate and concern among experts24.

sources:
1. No taxes if you earn less than $150k. Donald Trump's plan explained
2. Donald Trump tax plan could give Americans an extra $24,000 per year
3. https://democrats-budget.house.gov/...-document/hbc-fact-sheet-project-2025-tax.pdf
4. https://www.investing.com/news/econ...low-150000-annually-lutnick-tells-cbs-3925663
5. An Inside Look at President Trump’s Proposed Tax Plans
6. The FY2025 House Budget reconciliation and Trump Administration Tax Proposals: Budgetary, Economic, and Distributional Effects — Penn Wharton Budget Model
7. Trump Wants No Tax For Americans Making Less Than $150,000 A Year, Says Howard Lutnick: 'That's What I'm Working For'
8. https://finance.yahoo.com/news/trump-wants-no-tax-americans-180041272.html
9. https://www.cnbc.com/2025/03/12/salt-deduction-trumps-tax-cuts.html
10. No taxes if you earn under $150k in the US: Trump’s radical plan to rewrite America’s tax code revealed

President Trump's plan to balance the budget without increasing taxes involves several strategies, though experts question their feasibility:

Extend and Modify Tax Cuts: Trump aims to permanently extend the 2017 tax cuts, which are set to expire after 2025. This includes reducing taxes for corporations and small businesses16. However, extending these cuts would reduce government revenue, potentially increasing the deficit5.

Eliminate Taxes on Certain Income: He proposes eliminating taxes on tips, overtime pay, and Social Security benefits16. While this reduces tax burdens, it also decreases government revenue.

Increase Tariffs: Trump plans to impose new tariffs on imports to help offset the costs of his tax cuts1. Tariffs can generate revenue but may also lead to trade disputes and economic impacts.

Reduce Government Spending: Trump suggests cutting fraudulent spending, repealing energy and environment-related spending, and dissolving the Department of Education12. However, these cuts might not be sufficient to offset the revenue lost from tax reductions23.

Offer Visas for Revenue: Trump has mentioned offering visas to wealthy foreigners for a fee of $5 million as a revenue-generating strategy4.

Despite these plans, budget analysts argue that Trump's proposals could widen the deficit rather than balance the budget, as the spending cuts and revenue measures may not adequately offset the costs of his tax policies234.

sources:
1. The Fiscal Impact of the Harris and Trump Campaign Plans | Committee for a Responsible Federal Budget
2. Despite DOGE, Trump's agenda calls for adding trillions of dollars to U.S. debt
3. Trump promised a balanced budget. Don't believe it.
4. Will Trump Actually Balance the Budget?
5. https://www.cnbc.com/2025/03/12/salt-deduction-trumps-tax-cuts.html
6. Budget Reconciliation: Tracking the 2025 Trump Tax Cuts
7. https://www.chathamhouse.org/2025/0...p-balance-fiscal-challenges-campaign-promises
8. Tax Cuts Are Primarily Responsible for the Increasing Debt Ratio

Who doesn’t want this? Forget Trump. Forget Musk. Who doesn’t want working Americans make less than $150k keeping more money in their pocket and a fiscally sound Federal Government?

 

[BlackSand]

Who doesn’t want this? Forget Trump. Forget Musk. Who doesn’t want working Americans make less than $150k keeping more money in their pocket and a fiscally sound Federal Government?

.



Excusing anyone's obligation to financially support the government they so desperately desire ...
Is not fiscally sound at all ...

In fact ... It's probably most stupid business decision anyone could possibly make ...
If they put their business at the mercy of people who are not invested in it at all financially.

.​

 

[M14 Shooter]

Who doesn’t want this? Forget Trump. Forget Musk. Who doesn’t want working Americans make less than $150k keeping more money in their pocket and a fiscally sound Federal Government?

Democrats.
Less tax revenue = less power in the hands of the state.

 

[Redfish]

There are too many to list.
I'll start with the first one.

ok, lets discuss that. Did he say Mexico would write us a check? no. Making Mexico send troops to enforce the border cost them millions. We built the wall, they paid by having to enforce it. It's called indirect payment. What he said was not a lie, nice try though and nice pic.

 

[Redfish]

A VAT is better than the current system, and the key is to make it not apply to things like food and medicine.

that is how it started in Europe, now it applies to everything.

 

[Nuthin' Fancy]

ok, lets discuss that. Did he say Mexico would write us a check? no.

Trump: I never said Mexico would 'write out a check' for ...​

Politico
https://www.politico.com › story › 2019/01/10 › trump...
Jan 10, 2019 — President Donald Trump said Thursday that he never promised Mexico would literally write a check to pay for a border wall.

Trump’s new insistence that he never envisioned Mexico writing a check to pay for the wall is contradicted by a since-archived memo posted on his campaign website in 2016. The memo, titled “Compelling Mexico to Pay for the Wall,” outlines a plan to pressure Mexico to put up funds for a border wall within three days of Trump taking office.

“It’s an easy decision for Mexico: make a one-time payment of $5-10 billion to ensure that $24 billion continues to flow into their country year after year,” the memo says, referring to “remittances from Mexican nationals working in the United States.”


“When I said Mexico will pay for the wall in front of thousands and thousands of people, obviously, they are not going to write a check, but they are paying for the wall indirectly many, many times over by the really great trade deal we just made,” he said.

So great that he put tariffs on them?

Making Mexico send troops to enforce the border cost them millions.

STILL NOT paying for the wall.

We built the wall, they paid by having to enforce it. It's called indirect payment. What he said was not a lie, nice try though and nice pic.

That would have went over like a lead balloon at his pity speeches.

'Who's going to pay for the wall"?
It's complicated. LOL.

 

[martybegan]

that is how it started in Europe, now it applies to everything.

Which is why other taxes need to be excluded constitutionally before we even consider it.