Every once in a while you would hear about President Donald Trump talking about eliminating the income tax. He could start with the 16th amendment of the U.S. Constitution.
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
What Trump has been talking about is eliminating or cutting taxes on overtime and on tips. As far as tips there has been movement in Chicago at least to eliminate tips. Tips is of course who workers such as servers or bartenders make some extra income.
Either way, who knows if Trump is serious about eliminating the 16th Amendment. Amending the constitution seems like a long and difficult process anywa.
At least the repeal prohibition amendment (18th Amendment) wasn't exactly an unpopular deal during the Great Depression. How much support would repealing the 16th Amendment would receive?
Also, I'm all for Trump and Elon Musk's D.O.G.E. having a look at what goes on with the Internal Revenue Service.
Also, it came out the President wants the U.S. Treasury to cease production of the penny. This was something that was mentioned last month. It cost more to produce a 1¢ coin and I'm for it, now does this mean that prices will be rounded to the nearest nickel. If that's the case I'm for it!
I just hope prices for goods and services doesn't increase as a result.
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