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MadameButterfly

(4,029 posts)
Fri Dec 20, 2024, 06:30 PM Dec 2024

Trump and the IRS [View all]

So, is he serious about eliminating the IRS, or is he just saying it for shock value, while planning all kinds of changes which can only happen if the IRS exists.

I know lots of wealthy people don't want to pay taxes, but don't they also rely on the tax codes to make a lot of money? Where is real estate without depreciation and deductions on interest? Won't Republicans want to keep it, never mind the Democrats? Wouldn't a whole lot of people go out of business and further trash the economy?

I'd like to hear from people who understand this stuff whether this is something we need to worry about. How could this happen, who would have to vote on it, would anyone in Congress vote for it, can Trump and Elon just decide?

Asking for a friend.

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Trump and the IRS [View all] MadameButterfly Dec 2024 OP
That's a lot of questions bucolic_frolic Dec 2024 #1
Yeah, that's what I thought MadameButterfly Dec 2024 #2
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