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Political Discussion
Reply to "Trump's rambling speech today"
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[quote=Anonymous][quote=Anonymous]As it relates to Trump's proposal to eliminate the income tax and replace it with a VAT. The VAT would be a tax of about 110% on any item purchased. This will cost the average family about 5,800 more than what is currently paid now. It is also highly regressive so higher income and wealth people will pay relatively less, so it will further consolidate and entrench the money class. [/quote] And don’t forget tariffs on most imports and further reductions to the corporate income tax rate. Don’t know what that does to your numbers but it’s not going to be good for most Americans. Especially those on fixed incomes. [/quote]
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