Is Trump Getting Rid of the Income Tax? New Tariff Plan Could Replace Taxes — But Does the Math Work?

Is Trump getting rid of the income tax? President Donald Trump says tariffs could eliminate income taxes for most Americans. Economists disagree, but Trump is adamant that his tariff policy could wipe out income taxes for most households. “When tariffs cut in, many people’s income taxes will be substantially reduced, maybe even completely eliminated,” Trump.. The post Is Trump Getting Rid of the Income Tax? New Tariff Plan Could Replace Taxes — But Does the Math Work? appeared first on 99Bitcoins.

Sep 5, 2025 - 01:00
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Is Trump Getting Rid of the Income Tax? New Tariff Plan Could Replace Taxes — But Does the Math Work?

Is Trump getting rid of the income tax? President Donald Trump says tariffs could eliminate income taxes for most Americans. Economists disagree, but Trump is adamant that his tariff policy could wipe out income taxes for most households.

“When tariffs cut in, many people’s income taxes will be substantially reduced, maybe even completely eliminated,” Trump said Wednesday.

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