Can we just call the tariffs the new national sales tax?

At least it's a consumption tax vs you made money I'm taking some of it tax. And hopefully brings more manufacturing back into this country and we are no longer as dependent on our potential enemies. And the added jobs should be a nice bonus.

A national sales tax on imports. Don't buy imports, won't pay the tax. That sounds easier than it would be.

Think id rather just have a national sales ta and get rid of tariffs and income taxes.Thst would encourage savers as inflation doesn't go crazy

we have already turned into mostly service economy. Keep going won't be any one to spend money at the coffee shops. If your not producing your dieing.

China keeps dumping things like steel below cost to produce and it's not long before they are the only country that can make steel when all the mills close. Not only do we loos more good paying jobs and more of the middle class but . It's in our national security interest to have steel mills up and running. That's just a single example of many.

Hey I think we agree on something.

My solution to the tax problem = no income tax. All we need is a national sales tax and EVERYONE will pay their FAIR SHARE.

generally I would guess out of 100 things it would be over 95 we agreed on if broken down or at least close enough to conceded both sided have valid points and we'll as other factors over looked by both.

Careful what you wish for. That sales tax will be at least around 20% depending on how it is applied. This is going nowhere too.

Maybe a sales tax for Medicare.

I agree it will never go anywhere. I'll gladly pay 20% on the things I buy. Sure, beats the 28% I paid last year on all of my taxable income. Current system is very fair. I pay tax on what I save. I then pay tax on anything the investment earns. Then when I tip my estate pay tax on whatever I have accumulated. Then they send my money to Ukraine.

In 2023 the federal govenment collected 2.2 trillion in income tax. If you want a 20% national sales tax and include all purchases the amount could well be double the 2.2 trillion, plus all the states that use sales tax. Would be a faster way to reduce deficit spending and start working on national debt but how realistic is it for us to anticipate this becoming a reality.

Bryce

There is currently an income based “surcharge” tax on Medicare - IRMA.

And another over looked benefit of a Roth. When it's withdrawn it is not counted as income and won't increase your amount that may put youth in the charging amount.