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- Wait, I Paid More in Taxes Than Trump? Here’s Why That’s Just the Tip of the Iceberg...
Wait, I Paid More in Taxes Than Trump? Here’s Why That’s Just the Tip of the Iceberg...
Wait, I Paid More in Taxes Than Trump? Here’s Why That’s Just the Tip of the Iceberg...
So, here’s the question on everyone’s mind: How did I end up paying more in taxes than Trump did over three years? Yeah, that’s right—three years combined.
Now, we’re not going to get into specifics about personal finances (that’s none of anyone’s business), but let's just say buying a Tesla isn't exactly in the cards, and neither is buying a house. Instead, it's DIY furniture for this person, if that paints the picture.
But here’s the kicker: When the no taxes idea was floated, it seemed tempting at first. Imagine it: no tax burden. Sounds like a dream, right? But then, reality kicked in.
Why won't this happen? Let’s break it down:
MAGA’s favorite line: "We have a growing deficit." And while that might be true, here’s the problem—they only have two ways to fix that:
Cut spending.
Bring in more money.
Elon Musk's "Dogecoin" savings plan is nowhere near the $1.5 trillion cuts that were originally promised. Last check, we're at $150 billion.
And even if they slash social services like Social Security, Medicare, or food stamps, guess what? People are going to spend more money—just not in taxes. It's going to come out of their pockets in other ways.
Let’s not forget the tax cuts Trump passed during his first term. They’re projected to cost $4.6 trillion over 10 years. But surprise, surprise—he’s already proposing more tax cuts for the ultra-wealthy. So, here's the real question: Where’s the money going to come from to actually fix the deficit?
According to Commerce Secretary Howard Lutnick, it’s going to come from gold card sales and tariffs. So, what does that mean? It means the math doesn’t add up.
And who’s going to benefit from these extra tax cuts? Probably not the average American. No, the 1% that funds Trump's campaigns is likely to get even richer, while the rest of us get hit with sneaky little tax hikes—like tariffs that no one voted for.
So if you thought this year's taxes were rough, just wait. You might be paying an extra $3,800 a year just to fund the government. What a deal.