Donald Trump has doubled down on one of his boldest—and most hotly debated—economic promises: eliminating federal income tax for American citizens. According to him, the country could soon operate without taxing individual earnings at all, replacing that massive revenue stream with tariffs imposed on foreign imports. He frames it as a simple shift in philosophy: why tax Americans when, in his view, the government could tax other countries instead? This idea didn’t appear out of nowhere. During his 2024 campaign, Trump repeatedly pitched the concept as part of a larger economic overhaul aimed at strengthening domestic industry, restoring what he...
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