Trump set to whack US working class with historic $3,000 tax hike
Trump set to whack US working class with historic $3,000 tax hike
There is an old saying in Washington that if you want to understand politicians, look at what they do, not what they say. On that front there is no ambiguity. The Republican president is imposing big new taxes, and he is doing it in a way that does not require congressional approval.
Summary
Donald Trump is poised to impose massive import tariffs on goods from Canada, Mexico, and China, effectively raising taxes on U.S. households by an estimated $3,000 annually.
Unlike past tax increases that targeted the wealthy, these tariffs disproportionately impact low- and middle-income workers.
While Trump claims the measures address immigration and fentanyl concerns, experts argue they serve as a revenue source to offset tax cuts for the rich.
Critics contend that Trump's tariffs lack a clear industrial strategy and primarily burden American consumers.
If only this could have been seen coming ... there were really just no warning signs ... I'm tired.
Exactly, I wasn't so much shocked as I was surprised Harris lost. I mean how can so many people be that dense as to vote for Trump?
Why did biden do this
Thanks, Obam-na
Where is Kamala now? Why doesn't she do something against this?
Hey that's my line. Up vote.
No they said they were going to. It was very clear that your countrymen decided exactly this.
Remember, if you see someone stealing food, no you didn't.
I thought DOGE saved taxpayer money. Since the cost of government spending is lower, taxes should be lowered. This Trump and Elon are scammers if taxes are not lowered.
Only if you make over 360k a year and above.
Wait you mean this guys don’t actually create value?! OMG this whole time!
The doge website is filled with shit like "We saved a million dollars by cutting a program that feeds starving babies" and I just have to laugh. One million isn't even enough for the average person to retire on, the government is operating at a $1.7 TRILLION deficit PER YEAR.
When did sabotaging your own economy become a hallmark of leadership? Asking for 300 million friends.
🐱🐱🐱🐱
😂😂😂 Oh boy those MAGA idiots that were complaining about inflation and thought voting for Trump would help them. 🤣🤣🤣
How's that going for you? 🤡🤡🤡They'd cut off their nose to spite their face. As long as people they don't like are hurting, they'll suffer as well. They'll probably just find a way to blame Biden or Obama again.
They won’t actually find a way. They’ll just make up shit that Trump was actually responsible for.
Finally someone says what it is.
TARRIFFS ARE A SALES TAX.
TARRIFFS ARE A SALES TAX.
TARRIFFS ARE A SALES TAX.And every consumer hates a sales tax.
If I (someone who makes around $30,000 a year) owes anything CLOSE to 2 grand in federal taxes theyre gonna have to send the IRS after me to collect. 🤷 Sorry dumpy donnie.
You won't see $2k more in Federal Income Tax, you'll pay higher prices on store shelves (because of the tariffs the Federal government collected from the importer of the goods, which ultimately get passed on to you the consumer)
I call it “trickle down getting-fucked”
And pay $1,540 extr in actual income tax
The burden is coming in the price of goods you purchase not in a tax that is due.
Don't worry he's getting rid of half of the irs so there won't be anyone to enforce tax laws.
the irs has been gutted, tehy wont be coming after you anyways.
When the IRS is under-funded, they're less able to go after the wealthy and are left the poor who won't be able to fight it.
I wouldn't be surprised if these tax hikes are imposed, then Musk/Trump issue checks with their faces that give 'free money' to everyone in an attempt to curry favor.
If that happens, I will turn that crap into Euros.
Congrats, USA!
I don't want to give up too many secrets, but....
...the ultimate way to own Libs is to destroy the economy and raise taxes on everyone that voted for you. Ssshhhhhhh....don't tell anyone, them Libs'll be so pissed. ;)
Well jokes on you, Republicans will have their tariffs paid for by China, Mexico, and Canada and even better they're going to be getting a stimulus check for 8K thanks to DOGE.
That's what Tik Toc tells them and what they know to be true.
This went into effect today.
Trump Set to Whack US Working Class With Historic $2,000 Tax Hike
They updated the article FYI.
critics are right
"Whack"? Seriously? Jfc.
The associated pic shows Trump's mad halotosis.
They aren't ours, so give to a good cause. I know many will say that we should use for our own citizens, but this is effectively free aid to Ukraine and underpins a block to Russia's strategic expansion.
I recently updated my W4 to have a stupidly high deduction so I pay almost no federal taxes.
I fully realize I'll owe this (and maybe penalties) later, but that's a future me problem and, frankly, I plan to delay, deny, and dispose (of the IRS letters) as long as I can without something like jail time.
