Question for my #bluesky friends: why does a MAGA coworker of mine think he’s not going to have to pay taxes soon? No, we are not a “tipped” business. What was he referencing? (I didn’t ask because I can’t stop myself once I start.) #maga #taxes
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You haven’t said what type of job the two of you have. It could be that he’s assuming the increased standard deduction will basically mean he doesn’t have to pay taxes.
Hmm. The standard deduction is going up to $15K (thanks, Biden). And the plan seems to be:
+ eliminate home mortgage deduction
+ increase import tariffs
+ etc
Of course, some of this will hurt more than they think.
I got it answered. In one of his many ridiculous rallies, he said he was going to eliminate federal income tax and replace it with a federal sales tax. But nobody heard the sales tax part because they stopped listening 😆
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Taxes once his job eliminated
+ eliminate home mortgage deduction
+ increase import tariffs
+ etc
Of course, some of this will hurt more than they think.