Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Volaris

(11,787 posts)
5. Id like to add an addendum to step 1:
Wed Apr 29, 2026, 01:48 PM
Apr 29

If you earn less than 150k per year, it's considered WAGES, and is therefore exempt from federal taxation, REGARDLESS OF HOW YOU GOT IT. Great day at the tables? Good for you KEEP IT.
Pretty good at running drugs across the border? Again, good for you...you're going to jail for the crime, but the 100k you made is yours.
Etc.
Anything ABOVE that 150k is automatically considered INCOME, and your tax rate STARTS at 10% and moves on a progressive curve that goes all the way up to god...no more brackets.
If you WORK for a living, your fifth-grader should be able to file your taxes with the IRS.

Recommendations

4 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»Republicans pretend that ...»Reply #5