tarifftax
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Trump's tariffs triggered a crypto crash, wiping out $863M in just 24 hours! 📉 Bitcoin plummeted to $113,547 on August 1, as markets brace for political chaos over fundamentals. "America First" is burning the economy—11K manufacturing jobs gone last month, grocery prices soaring (63% point to Trump), and a sky-high 18.3% tariff tax hitting your wallet. 🤦♂️ Instead of fixing it, Trump sacked the BLS chief for reporting a measly 73K jobs in July—because truth is "fake" when it exposes failure. 🎭 Political games are costing us all, except the con artists cashing in. 💸 #CryptoCrash #TrumpTariffs #EconomicChaos #BitcoinPlunge #AmericaFirstFail #TariffTax #PoliticalTheater #MarketMeltdown
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🚨 US POLICY EARTHQUAKE ALERT: NO MORE INCOME TAX?! 🤯🇺🇸
Trump Doubles Down: Tariffs to Replace Federal Income Tax! 💸
President Donald Trump has doubled down on a monumental, sweeping promise: to eventually eliminate federal income tax entirely, replacing the lost revenue solely with tariffs (taxes on imported goods)!
This proposal represents one of the most dramatic shifts in US fiscal policy in a century, with every American worker theoretically keeping their entire paycheck.
The Debate Heats Up! 🔥
Supporters: Argue it's a revolutionary move that would boost disposable income, revive American manufacturing, and ensure foreign nations—not American workers—fund the government.
Critics & Analysts: Warn that the math is deeply skeptical (income tax revenue is currently far greater than tariff revenue), and that the shift would likely lead to:
Higher Prices: Massive tariffs would increase the cost of imported goods, effectively making it a consumption tax paid by American households.
Trade Wars: Heightened global trade tensions and retaliation.
Regressive Burden: Disproportionately higher financial pressure on lower-income households compared to the progressive income tax.
The feasibility remains highly debated, but the discussion is rewriting the rules of global finance and trade. Investors and global markets are watching this closely as it could redefine how Americans earn, spend, and invest.$TRUMP
#TariffTax
#USPolicy
#GlobalTrade
#FiscalShift
#PoliticalRisk
Trump Doubles Down: Tariffs to Replace Federal Income Tax! 💸
President Donald Trump has doubled down on a monumental, sweeping promise: to eventually eliminate federal income tax entirely, replacing the lost revenue solely with tariffs (taxes on imported goods)!
This proposal represents one of the most dramatic shifts in US fiscal policy in a century, with every American worker theoretically keeping their entire paycheck.
The Debate Heats Up! 🔥
Supporters: Argue it's a revolutionary move that would boost disposable income, revive American manufacturing, and ensure foreign nations—not American workers—fund the government.
Critics & Analysts: Warn that the math is deeply skeptical (income tax revenue is currently far greater than tariff revenue), and that the shift would likely lead to:
Higher Prices: Massive tariffs would increase the cost of imported goods, effectively making it a consumption tax paid by American households.
Trade Wars: Heightened global trade tensions and retaliation.
Regressive Burden: Disproportionately higher financial pressure on lower-income households compared to the progressive income tax.
The feasibility remains highly debated, but the discussion is rewriting the rules of global finance and trade. Investors and global markets are watching this closely as it could redefine how Americans earn, spend, and invest.$TRUMP
#TariffTax
#USPolicy
#GlobalTrade
#FiscalShift
#PoliticalRisk
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