this post was submitted on 27 Apr 2025
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On Sunday, U.S. President Donald Trump announced the possibility that, once the tariffs take effect, there could be a reduction or elimination of income taxes for individuals earning less than US$200,000 a year.

“When the tariffs cut in, many people’s income taxes will be substantially reduced, maybe even eliminated entirely. Focus will be on those earning less than $200,000 a year,” the Republican president wrote today on his social media platform, Truth Social.

“Also, massive numbers of jobs are already being created, with new plants and factories currently being built or planned,” he added.

“It will be a bonanza for America!!! The External Revenue Service is happening!!!” the U.S. President concluded.

This week, a coalition of twelve states, led by the attorneys general of Oregon and Arizona, filed a lawsuit seeking to block the tariffs imposed by Trump, arguing that the tariffs are “illegal.”

The lawsuit aims to block the imposition of a 145% tariff on most products from China and a 25% tariff on most products from Canada and Mexico, important trading partners of the plaintiff states.

It also challenges the 10% tariffs on most products imported from the rest of the world, as well as the Trump’s plan to raise tariffs on imports from an additional 46 trading partners starting on July 9.

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[–] Acute_Engles@hexbear.net 20 points 1 week ago (4 children)

Ok so about the same as up here. Glad to have my perspective corrected.

I know there are specific states that have less tax, though, right?

[–] spectre@hexbear.net 41 points 1 week ago (2 children)

It's not really true unless you are wealthy enough to have an accountant shuffle your money around for you. Most states end up around the same amount once all is said and done cause that's how much it costs to run a state.

[–] Acute_Engles@hexbear.net 14 points 1 week ago

Makes sense. Well then fuck, sucks all over doesn't it?

[–] imogen_underscore@hexbear.net 5 points 1 week ago* (last edited 1 week ago) (2 children)

doesn't Nevada have no state income tax?

[–] rubber_chicken@hexbear.net 17 points 1 week ago (2 children)

Yeah, but you have to live in Nevada to live there.

[–] miz@hexbear.net 11 points 1 week ago

options include "Shitty Vegas" and "Smaller and Even Shittier Vegas" (Reno)

[–] imogen_underscore@hexbear.net 8 points 1 week ago

but my friend jerma 985 lives there

[–] spectre@hexbear.net 5 points 1 week ago

When States have low income/sales/property tax they pretty much always have a higher income/sales/property tax to make up for the difference. This part doesn't really make it into the discussion cause it's sorta complex and most American just like to whine about the tax rate in general and nothing beyond that.

[–] invalidusernamelol@hexbear.net 18 points 1 week ago* (last edited 1 week ago) (1 children)

Yeah, State income tax is reduced in some places. My federal taxes are ~$250/wk while state taxes are ~$50/wk. That's middle of the road for state tax. I know California and NY charge a lot more, but they also get a lot of that with higher property taxes. Which I wouldn't have to pay because I don't own property.

Also it's not technically a tax, but health insurance is another $100/wk for a plan that requires me to spend $8000 out of pocket before they even consider paying for anything. If I don't take that employer offered health insurance, I have to pay an additional tax penalty at the end of the year that goes to the health insurance companies, so it's kinda a tax.

[–] Acute_Engles@hexbear.net 12 points 1 week ago (1 children)
[–] invalidusernamelol@hexbear.net 16 points 1 week ago

Hey, they gotta pay for those warplanes and missiles somehow. Awesome how the roads and infrastructure around us is totally collapsing and taxes keep going up for poor people.

Am glad my boss got that PPP loan though. Him and his son got new houses and cars when they cashed it out then laid everyone off.

[–] LanyrdSkynrd@hexbear.net 13 points 1 week ago

No income or sales tax in NH, but it's not a good thing. It actually makes taxes regressive because property tax has to be so much higher to pay for the schools. People in poor communities pay sometimes 10x the property tax rate for much worse schools.