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Modlog

return2ozmatoNews@lemmy.world•3 months ago

Trump floats eliminating U.S. income tax and replacing it with tariffs on imports

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Trump floats eliminating U.S. income tax and replacing it with tariffs on imports

return2ozmatoNews@lemmy.world•3 months ago

Trump also talked about using tariffs to leverage negotiating power over bad actors, a source told CNBC.

Feyr
4•3 months ago
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Also it’s 22% and it’s not solely because payroll is lazy. It’s actually set by federal statute
- Serinus
  1•3 months ago
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  That must be before other, additional payroll taxes.
  - Feyr
    1•3 months ago
    edit-2
    3 months ago
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    Yeah add SS and Medicare to that if you’re not capped already. And of course any state taxe