- Joined
- Sep 22, 2021
Careercow Donald J Trump - 45th/47th President of the USA, convicted felon, Epstein bro, Putin simp, serial liar, sore loser, cheat and the Chris-Chan of Presidents. THIS IS NOT A POLITICAL DEBATE THREAD.
- Thread starter JaneThough
- Start date
- Joined
- Sep 18, 2024
threadbanned, stop reporting this post
No it means he's incapable leader and it means he's a capable speaker and it means he knows how to interface with top level people.
But when you trannies get into a little pow wow you can turn anybody into a midget Hitler.
- Joined
- Jul 30, 2024
IMO this is because he's a deeply stupid man:
- Joined
- Oct 4, 2016
- Joined
- Nov 22, 2021
Trump calls Kamala lazy, then cancels another event. Every accusation is an admission.
- Joined
- Jul 7, 2021
I'm pretty sure most people can handle playing golf, watching fox news/gorilla channel, bitching on Twitter and telling the military to drop nukes on a hurricane.
- Joined
- Nov 9, 2018
- Joined
- Jul 19, 2019
Alaska isn't sending their best.
- Joined
- May 26, 2013
The "X" in American flag color pattern in the background means it's just a way of micro targeting GenX braggarts with apparel. It looks like something any member of GenX would laugh at another member of the same generation for being caught dead in public wearing to me. Can you imagine a person 59 to 44 years of age in this? All cringe.
- Joined
- Jan 19, 2023
That makes some more sense, I thought at first they wanted to use the Confederate flag but chickened out.
MS Paint Gigachad
kiwifarms.net
- Joined
- Aug 6, 2022
As a person here who criticises trump and would shit my pants if i tried to be president, that might be true, but relatively few of us are pitching ourselves as viable presidential candidates.
LaVieKL
kiwifarms.net
- Joined
- Sep 16, 2024
Tridgeridoo
kiwifarms.net
- Joined
- Feb 29, 2020
Trump stopped wars with France, and Google is apparently very happy with him because of the McDonalds thing.
Product Placement
kiwifarms.net
- Joined
- Dec 1, 2020
Kay, cool, but this is a lolcow thread, no white knighting lolcows in their lolcow thread.
- Joined
- Apr 16, 2021
- Joined
- Oct 4, 2016
why don’t these fags just make a Biden or Kamala thread? Someone was gonna make one weeks ago. Afraid of a little work?
- Joined
- Dec 7, 2021
Super fucking gross, and definitely unwanted contact. He'll claim he didn't mean it, of course, but what a surprise that he's a typical dirty old man. That baby is quite young, too. The rumor is her dad is a big donor to Trump and is pissed. I'm not sure why they sat on the tape, but it's possible someone saw this in playback/editing and notified her dad.
- Joined
- Oct 6, 2021
trump did that for 4 years and you still want to suck his drippy schlong
Product Placement
kiwifarms.net
- Joined
- Dec 1, 2020
Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All
Former President Donald J. Trump has spent much of the presidential campaign brainstorming new, and sometimes untested, ways to cut taxes. In the election’s final stretch, he raised the possibility of going even further: eliminating income taxes entirely.
During a Fox News segment on Monday, Mr. Trump took questions at a barbershop in the Bronx. When asked if the United States could potentially end all federal taxation, Mr. Trump said the country could return to the economic policies in the late 19th century, when there was no federal income tax.
“It had all tariffs — it didn’t have an income tax,” Mr. Trump said. “Now we have income taxes, and we have people that are dying. They’re paying tax, and they don’t have the money to pay the tax.”
In June, Mr. Trump floated the idea of replacing federal revenue from income taxes with money received from tariffs. Mr. Trump has not provided specific details of how that would work, and it is unclear if he wants to eliminate all federal taxes, including corporate income taxes and payroll taxes, or only end the individual income tax.
Either way, both liberal and conservative experts have dismissed his idea as mathematically impossible and economically destructive. Even if Republicans control Congress, lawmakers are unlikely to dismantle the income tax system. Yet Mr. Trump’s combination of tax cuts and tariff increases has been central to his political pitch.
“There is a way, if what I’m planning comes out,” Mr. Trump said of ending income taxes.
Replacing income taxes with tariffs would reverse the progressivity of the tax system in the United States. In general, income taxes are progressive, meaning that Americans with more income pay a higher tax rate. Tariffs, which impose a tax on products imported into the United States, are regressive. They raise the prices on imported items like clothing and groceries, placing a larger burden on lower-income Americans who spend a bigger percentage of their income on those goods.
Mr. Trump has denied that Americans pay the cost of tariffs. He argues that companies overseas bear the cost of tariffs on the products they ship to the United States. Economists largely debunk that argument — companies generally pass along those higher costs to consumers by raising prices.
The country briefly had an income tax during the Civil War, but it was not until Mr. Trump’s favorite historical period — the late 19th century — that the idea gained ground again. Tariffs largely funded the federal government, but Democrats of that era wanted to collect more money from the wealthy by charging an income tax.
In the late 1800s, Democrats, led by William Jennings Bryan, attacked tariffs as a burden on poor Americans. Republicans supported tariffs as a way to protect American industry from foreign competition.
“There was a real concern about inequality, just as there is today, as there were great disparities in wealth and poverty in the Gilded Age and so the income tax was seen as a necessary leveler by its proponents,” said Steven R. Weisman, the author of a book on the history of the income tax in the United States.
Actually creating a federal income tax was ultimately an involved process, requiring the ratification of the 16th Amendment in 1913. At first, it was narrowly targeted at wealthy individuals and corporations, but fighting two world wars and creating programs like Social Security was expensive. American policymakers turned to income taxes to pay for those priorities.
“It becomes a mass-based income tax for the first time during World War II,” said W. Elliot Brownlee, a historian of tax policy at the University of California, Santa Barbara.
Tariffs dwindled as a source of federal revenue while income taxes expanded. Today, tariffs make up just 2 percent of federal revenue, while income and payroll taxes make up about 94 percent. Overall, the tax system is progressive: In 2020, the top 20 percent of earners in the United States paid about 80 percent of all federal taxes, according to the Congressional Budget Office.
Several of Mr. Trump’s ideas amount to blanket tax exemptions for certain types of income, like tips, overtime pay or Social Security benefits. During a podcast interview last week, Mr. Trump said he would consider allowing police officers, firefighters and military service members to forgo paying taxes.
Any change to the tax code that allows certain workers or types of income to be exempt from paying taxes could prompt people to try to classify more of their earnings as tips or overtime, making the cuts potentially very expensive.
Mr. Trump’s goal to impose tariffs on all imports into the United States could raise a lot of money for the federal government, but it would not be nearly enough to replace income taxes. The United States imports roughly $3 trillion worth of goods annually, while the country collected roughly $4.2 trillion in income and payroll taxes last fiscal year.
Overall, his agenda would raise taxes on low-income Americans, provide a tax break for the richest and drastically increase the deficit, according to an analysis from the Institute on Taxation and Economic Policy, a liberal think tank.
A challenge for raising revenue from tariffs is that placing a tax on imports tends to cut the amount of trade — and therefore reduce the amount of revenue collected from tariffs. Raising tariff rates high enough to try and replace income taxes could end trade with the United States, said Wendy Edelberg, a former chief economist at the Congressional Budget Office.
“You’re going to send imported goods to zero, and then you’re going to have no tax revenue,” Ms. Edelberg said.
Steep tariffs could prompt foreign trading partners to retaliate with tariffs of their own, reducing American exports and slowing economic growth. Mr. Trump has experience with this phenomenon: While president, he wound up having to bail out American farmers whose exports to China slumped during a protracted trade war.
The potential for such an outcome helped prompt William McKinley, the 25th president, a Republican, whose support for tariffs Mr. Trump often celebrates, to ultimately moderate his position on tariffs. To help American exporters, Mr. McKinley had started to support the possibility of lowering tariffs in the United States in exchange for other countries doing the same before he was assassinated in 1901.
“He outlined this and sounded like a free trade guy, which was quite remarkable,” said Robert Merry, who wrote a book on Mr. McKinley.
During a Fox News segment on Monday, Mr. Trump took questions at a barbershop in the Bronx. When asked if the United States could potentially end all federal taxation, Mr. Trump said the country could return to the economic policies in the late 19th century, when there was no federal income tax.
“It had all tariffs — it didn’t have an income tax,” Mr. Trump said. “Now we have income taxes, and we have people that are dying. They’re paying tax, and they don’t have the money to pay the tax.”
In June, Mr. Trump floated the idea of replacing federal revenue from income taxes with money received from tariffs. Mr. Trump has not provided specific details of how that would work, and it is unclear if he wants to eliminate all federal taxes, including corporate income taxes and payroll taxes, or only end the individual income tax.
Either way, both liberal and conservative experts have dismissed his idea as mathematically impossible and economically destructive. Even if Republicans control Congress, lawmakers are unlikely to dismantle the income tax system. Yet Mr. Trump’s combination of tax cuts and tariff increases has been central to his political pitch.
“There is a way, if what I’m planning comes out,” Mr. Trump said of ending income taxes.
Replacing income taxes with tariffs would reverse the progressivity of the tax system in the United States. In general, income taxes are progressive, meaning that Americans with more income pay a higher tax rate. Tariffs, which impose a tax on products imported into the United States, are regressive. They raise the prices on imported items like clothing and groceries, placing a larger burden on lower-income Americans who spend a bigger percentage of their income on those goods.
Mr. Trump has denied that Americans pay the cost of tariffs. He argues that companies overseas bear the cost of tariffs on the products they ship to the United States. Economists largely debunk that argument — companies generally pass along those higher costs to consumers by raising prices.
Why does the United States have income taxes?
The United States put income taxes in place to achieve two main goals: raising taxes on the rich and paying for a larger federal government.The country briefly had an income tax during the Civil War, but it was not until Mr. Trump’s favorite historical period — the late 19th century — that the idea gained ground again. Tariffs largely funded the federal government, but Democrats of that era wanted to collect more money from the wealthy by charging an income tax.
In the late 1800s, Democrats, led by William Jennings Bryan, attacked tariffs as a burden on poor Americans. Republicans supported tariffs as a way to protect American industry from foreign competition.
“There was a real concern about inequality, just as there is today, as there were great disparities in wealth and poverty in the Gilded Age and so the income tax was seen as a necessary leveler by its proponents,” said Steven R. Weisman, the author of a book on the history of the income tax in the United States.
Actually creating a federal income tax was ultimately an involved process, requiring the ratification of the 16th Amendment in 1913. At first, it was narrowly targeted at wealthy individuals and corporations, but fighting two world wars and creating programs like Social Security was expensive. American policymakers turned to income taxes to pay for those priorities.
“It becomes a mass-based income tax for the first time during World War II,” said W. Elliot Brownlee, a historian of tax policy at the University of California, Santa Barbara.
Tariffs dwindled as a source of federal revenue while income taxes expanded. Today, tariffs make up just 2 percent of federal revenue, while income and payroll taxes make up about 94 percent. Overall, the tax system is progressive: In 2020, the top 20 percent of earners in the United States paid about 80 percent of all federal taxes, according to the Congressional Budget Office.
Trump’s alternative? Tariffs.
Mr. Trump has not formally proposed ending the income tax system in the United States. Instead, he has offered tax cut after tax cut on the campaign trail, arguing that he could cover their cost by drastically raising tariffs on imports.Several of Mr. Trump’s ideas amount to blanket tax exemptions for certain types of income, like tips, overtime pay or Social Security benefits. During a podcast interview last week, Mr. Trump said he would consider allowing police officers, firefighters and military service members to forgo paying taxes.
Any change to the tax code that allows certain workers or types of income to be exempt from paying taxes could prompt people to try to classify more of their earnings as tips or overtime, making the cuts potentially very expensive.
Mr. Trump’s goal to impose tariffs on all imports into the United States could raise a lot of money for the federal government, but it would not be nearly enough to replace income taxes. The United States imports roughly $3 trillion worth of goods annually, while the country collected roughly $4.2 trillion in income and payroll taxes last fiscal year.
Overall, his agenda would raise taxes on low-income Americans, provide a tax break for the richest and drastically increase the deficit, according to an analysis from the Institute on Taxation and Economic Policy, a liberal think tank.
A challenge for raising revenue from tariffs is that placing a tax on imports tends to cut the amount of trade — and therefore reduce the amount of revenue collected from tariffs. Raising tariff rates high enough to try and replace income taxes could end trade with the United States, said Wendy Edelberg, a former chief economist at the Congressional Budget Office.
“You’re going to send imported goods to zero, and then you’re going to have no tax revenue,” Ms. Edelberg said.
Steep tariffs could prompt foreign trading partners to retaliate with tariffs of their own, reducing American exports and slowing economic growth. Mr. Trump has experience with this phenomenon: While president, he wound up having to bail out American farmers whose exports to China slumped during a protracted trade war.
The potential for such an outcome helped prompt William McKinley, the 25th president, a Republican, whose support for tariffs Mr. Trump often celebrates, to ultimately moderate his position on tariffs. To help American exporters, Mr. McKinley had started to support the possibility of lowering tariffs in the United States in exchange for other countries doing the same before he was assassinated in 1901.
“He outlined this and sounded like a free trade guy, which was quite remarkable,” said Robert Merry, who wrote a book on Mr. McKinley.
- Joined
- Jan 16, 2021
I think there is, or was a rule about not making threads on active politicians. Trump only got his thread after he lost in 2020.