Part 1/9:
Trump Proposes Creation of External Revenue Service
On January 15, 2025, Donald Trump announced a significant proposal that has the potential to reshape the landscape of tax collection in the United States. The former president revealed his plan to establish a new government agency tasked with collecting tariffs and tax revenue from foreign entities, a move that could ultimately replace the Internal Revenue Service (IRS). This announcement coincides with Trump's ongoing goal to eliminate income taxes for American citizens, positioning the U.S. economy towards a tariff-based system reminiscent of pre-1910 practices.