TaxThePlanet.com

Enter: Project 2025

Project 2025 includes proposals to overhaul the tax system — pushing for a flat tax, eliminating the IRS, and replacing income tax with consumption taxes. Sounds revolutionary, but who really benefits?

So, is flat tax better or worse?

Side-by-Side: Old vs. New

So what does that mean for you?

Without paycheck withholding, you’d need to manually save for your taxes. So, realistically, you’d be paying like a subcontractor. That means tracking your income, saving for taxes, and probably making estimated quarterly payments.

Just like a subcontractor or freelancer:

Why this is risky:

• People aren't used to setting aside taxes.
• Big bills come due at once — often when people are least prepared.
• No safety net from deductions or credits.

Solutions if this becomes law:

• Open a tax savings account.
• Automatically transfer 15% of each paycheck.
• Use apps to track and save for quarterly payments.
• Consult financial planners familiar with contractor-style budgeting.

People usually depend on those refunds.

Refunds help people pay off debt, buy essentials, or catch up on bills. Dave Ramsey says you shouldn't get a refund because it means you overpaid. But if you’re a low-income parent relying on the EIC — that is free money. And it’s going away.

Dave Ramsey is a quack.

Under the proposed flat tax:

No refunds. No credits. Just a big bill waiting at the end of the year. Hope you saved!

What’s lost with no refunds:

• Emergency cash boosts
• Debt relief
• Back-to-school savings
• Child tax credits
• EIC (Earned Income Credit)

"Unfortunately, people won't realize this and will be like: 'YEAH! BIGGER PAYCHECK!'"

For the first 11 months, life feels good. Then April hits and people are blindsided by a tax bill they can’t pay.

And the government’s response?

“We told you to save.” And that’s it. No help. No relief. Just penalties if you didn’t plan properly.

They're going to bury this 'We told you to save.'

It’ll be in the fine print, ignored by media, and never mentioned until the first wave of panic rolls in next April.

What they’ll actually say when tax bills hit:

• “It’s your responsibility to manage your money.”
• “This is the price of simplicity.”
• “At least you’re free from the IRS!”

What’s really going on?

This isn’t about fairness. It’s about erasing protections, simplifying the system for the rich, and shifting blame to individuals for struggling under new rules.

The people who suffer?

• Families with children
• Low- and middle-income earners
• People living paycheck to paycheck
• Anyone who doesn’t have the luxury to “just save” 15%