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Massive credit to my man Tyrus for this one….
He optimized his time recently interviewing President Trump by not just asking him questions but by presenting President Trump with an idea!
How’s that for turning the tables?
But of course it was done very respectfully and it was very well received by our President who seemed genuinely impressed that no one had suggested this before.
We all know President Trump went viral earlier this year when he proposed “No tax on tips!”
Remember this?
From there the list grew to include some additional categories of tax-exempt groups:
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Social Security Benefits Recipients - Trump has proposed exempting Social Security benefits from income taxes.
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Individuals Receiving Tips - There's been mention of exempting tips from income taxes, which would primarily benefit service industry workers.
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Overtime Pay Earners - Exempting overtime pay from income taxes has been proposed, benefitting workers who earn overtime.
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Domestic Producers - Trump floated the idea of lowering the corporate tax rate to 15% for companies that produce goods in the United States, which isn't directly an income tax exemption for individuals but aims at incentivizing domestic production.
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Families Benefiting from TCJA - While not a new proposal for his second term, making the individual tax cuts from the Tax Cuts and Jobs Act (TCJA) permanent would continue to affect middle-class families by keeping their tax rates lower. However, this isn't specifically "no income tax" but rather reduced income tax.
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Estate Tax Modifications - Although this relates more to inheritance, Trump's plans included proposals to cap the estate and gift tax rate at no higher than 20% or make the higher exemptions from TCJA permanent, which indirectly affects individuals inheriting estates by potentially reducing or eliminating the tax on estates.
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Universal Savings Account Contributors - Although not directly an income tax exemption, Trump has supported the idea of allowing contributions to universal savings accounts with tax-free withdrawals, which could be seen as a tax benefit for savers.
All great ideas!
But Tyrus asked President Trump about an obvious group that is missing but might fit in very well to this list: Military, Veterans, Police Officers, Firefighters and First Responders!
Brilliant idea!
Watch here:
No Tax for Veterans, for Police Officers, for Firefighters? 👀
Tyrus makes a compelling case to Trump that there should not be any taxes for those who put their bodies on the line for this country. I agree…
Should @realDonaldTrump do this??https://t.co/Ofh2IFwutf pic.twitter.com/lRtU78nJa3
— MJTruthUltra (@MJTruthUltra) October 18, 2024
Backup here if needed:
I love this idea, but I have to say something....
Does anyone else feel like this is building up to something much bigger?
No, I still don't believe in the hocus-pocus of NESARA/GESARA, but I do believe huge changes are coming....
Does anyone else feel like this is all building to a simple elimination of the IRS entirely?
I do.
I think President Trump is eating this Elephant one bite at a time, but at some point the momentum will shift to where so many people are exempt (and the country will be running on surpluses thanks to President Trump's tariffs) that he will simply declare the IRS to be eliminated at some point.
That's my prediction.
Your thoughts?
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