Every dollar taken out of the economy through income taxes reduces economic growth by $3. The average American family pays $18,000 per year in federal income taxes. Coupled with a 20% across the board tariff, and 60% on Chinese manufactured products, the net impact on American households would be an ~$30,000 annual raise due to the economic growth stimulated. This is the only way we will be able to solved the near team economic stagnation America is facing. Further this policy would lead to a 5% annual GDP growth rate year per year. We just be willing to make big investments in America’s future.
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Policy | Replies | Views | Activity | |
---|---|---|---|---|
Eliminate Federal Income Tax | 0 | 13 | November 8, 2024 | |
Eliminate federal income taxes. Completely utilize tariffs | 7 | 73 | November 24, 2024 | |
Eliminate income tax on anything under $100,000 | 4 | 40 | November 11, 2024 | |
End federal income tax | 1 | 38 | November 7, 2024 | |
End all Taxes and make a 10% or less flat tax | 1 | 17 | November 23, 2024 |