Part 1/8:
Trump’s Proposal to Eliminate Income Tax: An Alternative Through Tariffs
President Trump is reportedly considering a significant shift in the U.S. tax system, proposing the elimination of income tax in favor of imposing tariffs on foreign goods. This controversial idea has gained traction, sparking discussions and legislation, notably the Fair Tax Act of 2025, which aims to abolish the Internal Revenue Service (IRS). The concept poses intriguing questions about the future of U.S. tax policy and fiscal management.