Author Topic: BREAKING: President Trump and Elon Musk are discussing a possible tax refund sent to every taxpayer (Read 4607 times)

mystery-ak · « **on:** February 18, 2025, 06:50:49 pm »

https://twitter.com/IanJaeger29/status/1891986109384569233

mystery-ak · « **Reply #1 on:** February 18, 2025, 06:51:51 pm »

https://twitter.com/nicksortor/status/1891984138615521710

mystery-ak · « **Reply #2 on:** February 18, 2025, 06:53:01 pm »

The Case for a DOGE Dividend
James Fishback (CEO, Azoria)
JF@azoriapartners.com
https://drive.google.com/file/d/1PTossggcz4_xV82LSv1DE9knYuPq-MG6/view?pli=1

Polly Ticks · « **Reply #3 on:** February 18, 2025, 06:57:15 pm »

Works for me ... as long as those 'refunds' only go to citizens who actually paid taxes.

Bigun · « **Reply #4 on:** February 18, 2025, 06:58:53 pm »

Quote from: Polly Ticks on February 18, 2025, 06:57:15 pm

Works for me ... as long as those 'refunds' only go to citizens who actually paid taxes.

IsailedawayfromFR · « **Reply #5 on:** February 18, 2025, 07:18:17 pm »

This is the first refund. Next should come from collection from those who had fake SSNs and were sent checks, too.

roamer_1 · « **Reply #6 on:** February 18, 2025, 07:45:29 pm »

*SMH* This is so damn dumb.

SOSDD.

Pay back the DEBT with savings.

mountaineer · « **Reply #7 on:** February 18, 2025, 08:42:21 pm »

Quote from: roamer_1 on February 18, 2025, 07:45:29 pm

*SMH* This is so damn dumb.
SOSDD.
Pay back the DEBT with savings.

Agreed. Balance the budget, eliminate the debt.

Wingnut · « **Reply #8 on:** February 18, 2025, 08:44:53 pm »

Covid money redux. Will he send checks with his signature. This whole idea stinks to high heaven

Kamaji · « **Reply #9 on:** February 18, 2025, 09:30:51 pm »

Quote from: roamer_1 on February 18, 2025, 07:45:29 pm

*SMH* This is so damn dumb.

SOSDD.

Pay back the DEBT with savings.

Exactly

corbe · « **Reply #10 on:** February 18, 2025, 10:37:03 pm »

*Applies only to people that stay at the Glamours GAZA Tower during off season.

Sighlass · « **Reply #11 on:** February 18, 2025, 10:38:51 pm »

Just NO Trump... it is like buying a gift on a maxed out credit card you don't even own. I can do without the gift because it isn't a gift if my kids are paying for it (w/ interest) the rest of their lives.

DB · « **Reply #12 on:** February 18, 2025, 10:42:36 pm »

Quote from: roamer_1 on February 18, 2025, 07:45:29 pm

*SMH* This is so damn dumb.

SOSDD.

Pay back the DEBT with savings.

Yep, at a minimum get the federal annual budget in balance before sending any money back to taxpayers.

catfish1957 · « **Reply #13 on:** February 19, 2025, 12:33:00 am »

Quote from: roamer_1 on February 18, 2025, 07:45:29 pm

*SMH* This is so damn dumb.

SOSDD.

Pay back the DEBT with savings.

Agree 100%. Pay down the damned debt before anything.

roamer_1 · « **Reply #14 on:** February 19, 2025, 02:05:47 am »

Quote from: catfish1957 on February 19, 2025, 12:33:00 am

Agree 100%. Pay down the damned debt before anything.

It is the fiscal equivalent of finding 20 bucks in couch money and taking the kids to Dairy Queen when the house payment is behind 110 days...

Polly Ticks · « **Reply #15 on:** February 19, 2025, 08:44:51 am »

Quote from: roamer_1 on February 18, 2025, 07:45:29 pm

*SMH* This is so damn dumb.

SOSDD.

Pay back the DEBT with savings.

I actually agree with you there, and I hope that's what they do.
Having said that, if they decide to do the benefactor routine, I'm going to be super mad if those 'refunds' to go anyone who didn't pay into the system.

IsailedawayfromFR · « **Reply #16 on:** February 19, 2025, 09:39:38 am »

For those against this:

As I understand this, only goes to those who actually paid taxes.

The debt was run up chiefly by those who paid no taxes.

It is for all intents and purposes a tax cut.

Are you all against preserving the tax cuts that expire this year?

Tariffs will be also used to reduce debt, as they will be substantial

DefiantMassRINO · « **Reply #17 on:** February 19, 2025, 10:22:15 am »

The DOGE savings should be applied to the Budget Deficit or the Naitonal Debt.

If they really wanted to do me a favor they would lower the payroll earnings tax.

Sending a check to every American, even those who didn't pay taxes, is damned gimmick that does nothing to reduce Government spending, the Budget Deficit, and the National Debt.

IsailedawayfromFR · « **Reply #18 on:** February 19, 2025, 10:35:47 am »

Quote from: DefiantMassRINO on February 19, 2025, 10:22:15 am

Sending a check to every American, even those who didn't pay taxes, is damned gimmick that does nothing to reduce Government spending, the Budget Deficit, and the National Debt.

I read this would be sent to only taxpayers, not everyone.

Where did you read differently?

And are you advocating taxpayers should not receive an extension of the tax cuts expiring this year?

libertybele · « **Reply #19 on:** February 19, 2025, 10:37:50 am »

No. No and No.

roamer_1 · « **Reply #20 on:** February 19, 2025, 01:48:10 pm »

Quote from: IsailedawayfromFR on February 19, 2025, 09:39:38 am

For those against this:

As I understand this, only goes to those who actually paid taxes.

The debt was run up chiefly by those who paid no taxes.

Doesn't matter to the debt. Or the overstretched dollar.

Quote

It is for all intents and purposes a tax cut.

No, it most certainly is not.
Using that money to retire the debt and shrink dollar circulation rebounds the dollar and is one of the few tools to reduce inflation without harm...

That is far better than any tax cut.

Timber Rattler · « **Reply #21 on:** February 19, 2025, 01:56:40 pm »

Wouldn't that cause another spike in inflation with everybody suddenly getting government checks to spend again?

Smokin Joe · « **Reply #22 on:** February 19, 2025, 02:03:33 pm »

Quote from: roamer_1 on February 19, 2025, 01:48:10 pm

Doesn't matter to the debt. Or the overstretched dollar.

No, it most certainly is not.
Using that money to retire the debt and shrink dollar circulation rebounds the dollar and is one of the few tools to reduce inflation without harm...

That is far better than any tax cut.

I agree. I don't have that money, and won't miss it, as far as that goes. Using it to pay down the debt is the gift that keeps on giving, in terms of reduced costs to service the debt, too, which frees up more funds, which can be used to pay down the debt... and so on. It is the opposite of a death spiral.

Anyone who ever got stuck, like I did during my first oil bust, knows that the more you can reduce the interest you are paying, the more you can make your money work for you, freeing up more to reduce debt farther and faster. It takes some discipline, but it is the way back to the surface when you are underwater.

I have avoided debt as much as possible since.

MeganC · « **Reply #23 on:** February 19, 2025, 02:06:29 pm »

I'd rather they keep the money and pay down the debt.

Right_in_Virginia · « **Reply #24 on:** February 19, 2025, 02:30:03 pm »

Quote from: MeganC on February 19, 2025, 02:06:29 pm

I'd rather they keep the money and pay down the debt.

This trial balloon is now part of the tax reduction negotiations....and could be very helpful

GtHawk · « **Reply #25 on:** February 19, 2025, 03:16:04 pm »

Quote from: Polly Ticks on February 19, 2025, 08:44:51 am

I actually agree with you there, and I hope that's what they do.
Having said that, if they decide to do the benefactor routine, I'm going to be super mad if those 'refunds' to go anyone who didn't pay into the system.

C’mon man(no offense) you know if they go the buying votes route the democraps will demand that all the ‘undocumented’ be included. Which is just one more argument for every penny(if they still exixt) going to pay down the debt.

catfish1957 · « **Reply #26 on:** February 19, 2025, 03:46:12 pm »

Another question to Musk/Trump and this tax divy fiasco

Will the Burger flipper who paid 1/100 I did, get the same rebate as me?

IsailedawayfromFR · « **Reply #27 on:** February 19, 2025, 03:52:14 pm »

Quote from: Smokin Joe on February 19, 2025, 02:03:33 pm

I agree. I don't have that money, and won't miss it, as far as that goes. Using it to pay down the debt is the gift that keeps on giving, in terms of reduced costs to service the debt, too, which frees up more funds, which can be used to pay down the debt... and so on. It is the opposite of a death spiral.

Anyone who ever got stuck, like I did during my first oil bust, knows that the more you can reduce the interest you are paying, the more you can make your money work for you, freeing up more to reduce debt farther and faster. It takes some discipline, but it is the way back to the surface when you are underwater.

I have avoided debt as much as possible since.

By the logic prescribed, if paying down debt is the principal driver to successfully managing our financial affairs, why don't we just increase taxes to pay down even more debt then?

The key category I am capturing is that cost decreases to pay down debt will affect everyone, whereas tax increases or decreases only affects those who actually pay taxes. Being a taxpayer, I hone in on what mostly affects me.

Tariffs affect everyone, and can also be used to pay down debt.

berdie · « **Reply #28 on:** February 19, 2025, 04:43:21 pm »

Quote from: roamer_1 on February 19, 2025, 02:05:47 am

It is the fiscal equivalent of finding 20 bucks in couch money and taking the kids to Dairy Queen when the house payment is behind 110 days...

Great analogy.

Although the money saved from this would only be a drop in the bucket for the overall debt...it would be a start.

jmyrlefuller · « **Reply #29 on:** February 19, 2025, 04:52:03 pm »

Quote from: Right_in_Virginia on February 19, 2025, 02:30:03 pm

This trial balloon is now part of the tax reduction negotiations....and could be very helpful

And the usual suspect speaks.

jmyrlefuller · « **Reply #30 on:** February 19, 2025, 04:53:04 pm »

The whole point of this was to find savings, not to scrounge up enough for another damn handout.

Smokin Joe · « **Reply #31 on:** February 19, 2025, 05:26:07 pm »

Quote from: jmyrlefuller on February 19, 2025, 04:53:04 pm

The whole point of this was to find savings, not to scrounge up enough for another damn handout.

GrouchoTex · « **Reply #32 on:** February 19, 2025, 05:30:03 pm »

Quote from: roamer_1 on February 19, 2025, 02:05:47 am

It is the fiscal equivalent of finding 20 bucks in couch money and taking the kids to Dairy Queen when the house payment is behind 110 days...

Agreed.

Hoodat · « **Reply #33 on:** February 19, 2025, 05:36:09 pm »

Quote from: Right_in_Virginia on February 19, 2025, 02:30:03 pm

This trial balloon is now part of the tax reduction negotiations....and could be very helpful

Helpful for what?

libertybele · « **Reply #34 on:** February 19, 2025, 06:01:55 pm »

Quote from: roamer_1 on February 19, 2025, 02:05:47 am

It is the fiscal equivalent of finding 20 bucks in couch money and taking the kids to Dairy Queen when the house payment is behind 110 days...

Try taking the kids to Dairy Queen on 20 bucks these days ...

I catch your drift and understand what you're saying, and I agree.

mystery-ak · « **Reply #35 on:** February 19, 2025, 06:52:37 pm »

https://twitter.com/nicksortor/status/1892349507074933052

Wingnut · « **Reply #36 on:** February 19, 2025, 06:56:24 pm »

Setting the trap for liberals to react to this. If they cry foul then what?

mystery-ak · « **Reply #37 on:** February 19, 2025, 07:10:04 pm »

https://twitter.com/bennyjohnson/status/1892348439117156748

Hoodat · « **Reply #38 on:** February 19, 2025, 10:52:12 pm »

Quote from: mystery-ak on February 19, 2025, 07:10:04 pm

Benny Johnson

@bennyjohnson
🚨MASSIVE BREAKING: President Trump says his administration is discussing giving 20% of ALL DOGE savings back to the American taxpayers:

"There's even under consideration a new concept where we give 20% of the DOGE savings to American citizens."

100% of DOGE savings should go towards balancing this year's budget. We are currently running $2 trillion behind just to pay for this year. That means that current taxpayers are already getting more than they are paying for. They shouldn't get back any of DOGE savings. All that money should go towards future generations - those who have had money borrowed in their name to pay for the people being served by the government today.

At least balance the budget first. You can't be handing out 20% of $1 trillion in savings when we're still borrowing another $1 trillion to pay for the remainder. You first need a surplus - something that hasn't happened since 1957. And once you get a surplus, then you can start retiring debt. Eliminate that debt, then we can talk dividends.

IsailedawayfromFR · « **Reply #39 on:** February 20, 2025, 10:30:08 am »

Quote from: Hoodat on February 19, 2025, 10:52:12 pm

100% of DOGE savings should go towards balancing this year's budget. We are currently running $2 trillion behind just to pay for this year. That means that current taxpayers are already getting more than they are paying for. They shouldn't get back any of DOGE savings. All that money should go towards future generations - those who have had money borrowed in their name to pay for the people being served by the government today.

At least balance the budget first. You can't be handing out 20% of $1 trillion in savings when we're still borrowing another $1 trillion to pay for the remainder. You first need a surplus - something that hasn't happened since 1957. And once you get a surplus, then you can start retiring debt. Eliminate that debt, then we can talk dividends.

I like the idea you have on taking the burden off future generations rather than placing more on them.

So how does tax policy play into this analysis?

Do we need to extend tax cut on Americans or should we increase taxes to reduce debt?

240B · « **Reply #40 on:** February 20, 2025, 12:46:41 pm »

The most stupid ridiculous idea ever. Sending everybody $5000 sounds wonderful, but nobody will enjoy $5000 worth of benefit as prices explode everywhere. It is like throwing gasoline on inflation. Watch car prices jump 30% directly in sync with the "dividend".

Hey! Look! I just found a hundred dollar bill in a jacket pocket of a coat in my closet! I'm goin' to the honkey-tonk tonight! And I AM GOING TO BUY DRINKS FOR EVERYBODY!! Yee-Haa!

If they want to reward 'tax payers' by what they have found, then reduce the tax rate by some amount. Flying over America dropping $100 dollar bills like confetti is the stupidest thing they could do with the money they have saved. And you know that some how, some way, fraudsters will be able to jack into the program to scam millions/billions.

If you want to reward tax payers, then simply reduce the amount of taxes to pay. That is the most simple and secure way to do it.

It is odd how the Trump/Elon team flip-flop from genius to STUPID back and forth everyday. Good Grief people. You got it right! What you are doing is great. Don't go and spoil it at the last minute.

catfish1957 · « **Reply #41 on:** February 20, 2025, 12:50:46 pm »

Quote from: 240B on February 20, 2025, 12:46:41 pm

The most stupid ridiculous idea ever. Sending everybody $5000 sounds wonderful,

Hate to sound like a greedy miser, but what's the fairness of a burger flipper getting the same $5K as me. I've contributed close to $2M to the IRS coffers, and what do I have to show for it? A government $36T in debt.

roamer_1 · « **Reply #42 on:** February 20, 2025, 01:01:52 pm »

Quote from: IsailedawayfromFR on February 20, 2025, 10:30:08 am

I like the idea you have on taking the burden off future generations rather than placing more on them.

So how does tax policy play into this analysis?

Do we need to extend tax cut on Americans or should we increase taxes to reduce debt?

Big government, big taxes.
Small government, small taxes

Math is hard.

DefiantMassRINO · « **Reply #43 on:** February 20, 2025, 01:19:57 pm »

Burn down the Federal Government for the insurance money, and use the proceeds to pay down the National Debt.

mystery-ak · « **Reply #44 on:** February 20, 2025, 07:47:54 pm »

https://twitter.com/BehizyTweets/status/1892682358064914661

mystery-ak · « **Reply #45 on:** February 20, 2025, 07:57:03 pm »

Sorry, I'll take the dividend check...I can't trust anyone in Congress to apply it to the federal debt..they are the ones who got us in this place to begin with..Even Trump said...20% for the people..20% applied to the debt...wtf are they going to do with the other 60%....

I can make good use of a refund, just send it to me.

DB · « **Reply #46 on:** February 20, 2025, 07:59:35 pm »

Quote from: mystery-ak on February 20, 2025, 07:57:03 pm

Sorry, I'll take the dividend check...I can't trust anyone in Congress to apply it to the federal debt..they are the ones who got us in this place to begin with..Even Trump said...20% for the people..20% applied to the debt...wtf are they going to do with the other 60%....

I can make good use of a refund, just send it to me.

Before anything can be done the budget has to be balanced. So I'm assuming, and we know how that goes, that that 60% balances the current budget leaving 40% to pay down debt and/or distribute back to taxpayers.

mystery-ak · « **Reply #47 on:** February 20, 2025, 08:28:13 pm »

Quote from: DB on February 20, 2025, 07:59:35 pm

Before anything can be done the budget has to be balanced. So I'm assuming, and we know how that goes, that that 60% balances the current budget leaving 40% to pay down debt and/or distribute back to taxpayers.

That makes more sense then what has been reported so far...

libertybele · « **Reply #48 on:** February 20, 2025, 08:54:08 pm »

Quote from: DB on February 20, 2025, 07:59:35 pm

Before anything can be done the budget has to be balanced. So I'm assuming, and we know how that goes, that that 60% balances the current budget leaving 40% to pay down debt and/or distribute back to taxpayers.

From what I've read; 20% to taxpayers, 20% to pay down the debt and 60% to balance the budget.

I believe this to be reasonable, however, I am concerned about those taxpayers who may be 150 years old.

libertybele · « **Reply #49 on:** February 20, 2025, 09:04:51 pm »

I think DOGE has estimated that approximately $5,000.00 will go to each taxpayer. So, I'm not sure if that means $5,000 per joint filers or $5,000 for every individual taxpayer.

A refund would certainly help so many that are struggling, I'm just concerned that some would expect that on a monthly basis.

Gee, maybe with an extra $5,000 we could actually afford to buy some eggs, a couple of nice beef steaks and fill up our gas tanks.