KABOOM! 💣💣💥💥
Trump just announced that Howard Lutnick will be Commerce Secretary 👀
Do you have any idea how big this is?
Lutnick speaks about eliminating income tax and fund the government solely on tariffs… just like Trump has been hinting at..
I am trying to wrap my head around this possibility. What a burden it has been. Will businesses and corporations have federal taxes? Sales tax and State tax will still occur for some States. There is so much to unravel.
my understanding is there will be NO income tax across the board just like it was back in the early 1900's i believe is when they created the income tax due to the second world war ( Might of been during or right after the first world war, sorry i can't remember off the top of my head exactly when)
Aloha
This is my understanding too😊
The only taxes will be on brand- new purchases
Cars& houses, etc %17
I don't know the real facts
Yet 😊
👋💕
Im no expert either and thats the first im hearing of the only tax will be on brand new things such as you mentioned so im gonna have look into this now over the next 24 hours or so.
Thanks for bringing that info up.
