Warren Smith

Excise taxes and tariffs was how the government funded themselves.

And until the 16th Amendment around 1915, something in there,

When it was before that point, it was unconstitutional to have direct taxes on personal income.

And we forget that.

And I do think that there is this... Because everyone has forgot it, they look at what he's proposing and it does...

sound alien to us and it is going to be a bumpy road but i think that he is striving for like radically ideally bringing down income taxes and it's a it's just such a fundamental restructuring it is going to be radical i hope he pulls that off man i'm in nevada no state income tax but obviously federal is still pretty high yeah i'm spoiled over here man oh you didn't know that

No, that's crazy.

I pay 30% of my income.

What?

Yeah, because the income bracket I fall into now.

But even as a teacher, it was still pretty high.

I mean, I was paying probably like $10,000 a year.

Maybe probably less than that a year.

Now, I don't even want to know what the number is.

But yeah, as soon as you get above like a certain threshold, it gets to kicks into 30%.

I mean, like, I don't know what the number would need to be to be actually sustainable financially for the government, but as low as possible would be great.

Well, it seems the people that are strongly against the concept of tariffs, they're kind of arguing for taxation in a way.

It's like, what is the alternative model?

It would be increasing some form of tariffs and doing this restructuring.

Yeah.