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.

  • Acute_Engles [he/him, any]
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    2026 days ago

    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 [he/him]
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      4126 days ago

      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.

          • Frogmanfromlake [none/use name]
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            1926 days ago

            Not great compared to other developed countries but noticeably better. New York State has more resources for neurodivergent people than Florida and I believe their SNAP benefits give out more as well.

      • Acute_Engles [he/him, any]
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        526 days ago

        You don’t have to tell me, been working poor my whole life but i would like to get you started because i steal other people’s words for conversations in real life so my positions sound smarter i-love-not-thinking

      • blunder [he/him]
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        226 days ago

        Texas, New Hampshire, Florida, Nevada, I think South Carolina, there are a number of states with no state income tax

    • invalidusernamelol [he/him]
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      18
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      26 days ago

      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.

        • invalidusernamelol [he/him]
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          1626 days 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 [comrade/them, any]
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      1326 days 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.