{"id":5576,"date":"2025-02-04T02:06:13","date_gmt":"2025-02-04T02:06:13","guid":{"rendered":"https:\/\/news-vm.com\/?p=5576"},"modified":"2025-02-04T02:06:13","modified_gmt":"2025-02-04T02:06:13","slug":"americans-may-not-have-to-pay-income-taxes-anymore-if-donald-trump-gets-his-way","status":"publish","type":"post","link":"https:\/\/news-vm.com\/?p=5576","title":{"rendered":"Americans May Not Have to Pay Income Taxes Anymore If Donald Trump Gets His Way"},"content":{"rendered":"<p>President Donald Trump has shared an ambitious idea to remove federal income taxes and replace them with a tariff-based system, inspired by how America operated from 1870 to 1913.<\/p><div class=\"mebbp69f5b710c9531\" ><div style=\"width:100%; max-width:1200px; margin:0 auto;\">\n  <a href=\"https:\/\/bolt-casino.com?r=0BFDBF1283\" target=\"_blank\" rel=\"noopener\">\n    <img \n      src=\"https:\/\/news-vm.com\/wp-content\/uploads\/2026\/04\/f8693ebb-2018-480f-a2f7-0096810c07f0.jpg\" \n      alt=\"200% Deposit Bonus + 10% Cashback\" \n      style=\"width:100%; height:auto; display:block; border-radius:8px; cursor:pointer;\"\n    \/>\n  <\/a>\n<\/div><\/div><style type=\"text\/css\">\r\n@media screen and (min-width: 1201px) {\r\n.mebbp69f5b710c9531 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 993px) and (max-width: 1200px) {\r\n.mebbp69f5b710c9531 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 769px) and (max-width: 992px) {\r\n.mebbp69f5b710c9531 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 768px) and (max-width: 768px) {\r\n.mebbp69f5b710c9531 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (max-width: 767px) {\r\n.mebbp69f5b710c9531 {\r\ndisplay: block;\r\n}\r\n}\r\n<\/style>\r\n\n<p>He suggests the creation of a new agency, the External Revenue Service (ERS), to manage tariffs and foreign income, aiming to ease the tax load on Americans.<\/p>\n<h2 class=\"wp-block-heading\">Trump\u2019s Vision for a Tariff-Based Economy<\/h2>\n<p>During the 2025 Republican Issues Conference held at Trump National Doral Miami on January 27, Trump detailed his economic plan in front of GOP leaders. This three-day event aimed to shape the legislative priorities of the party.<\/p>\n<p>In his address, Trump noted the historical success of America before 1913, a period when the nation flourished based on tariffs instead of income tax. He described this era as remarkably prosperous for the country.<\/p>\n<p>\u201cFrom 1870 to 1913, the U.S. ran on tariffs\u2014that was the richest period in American history, relatively speaking,\u201d he stated. He mentioned the Tariff Commission of 1887, tasked with managing the massive money generated through tariffs.<\/p>\n<div class=\"code-block code-block-3\"><ins class=\"adsbygoogle\" data-ad-client=\"ca-pub-9594438992579415\" data-ad-slot=\"6063231535\" data-ad-format=\"auto\" data-full-width-responsive=\"true\" data-adsbygoogle-status=\"done\" data-ad-status=\"unfilled\">&nbsp;<\/p>\n<div id=\"aswift_2_host\"><iframe loading=\"lazy\" id=\"aswift_2\" tabindex=\"0\" title=\"Advertisement\" src=\"https:\/\/googleads.g.doubleclick.net\/pagead\/ads?client=ca-pub-9594438992579415&amp;output=html&amp;h=280&amp;slotname=6063231535&amp;adk=3435157333&amp;adf=3781984367&amp;pi=t.ma~as.6063231535&amp;w=755&amp;abgtt=6&amp;fwrn=4&amp;fwrnh=100&amp;lmt=1738628829&amp;rafmt=1&amp;format=755x280&amp;url=https%3A%2F%2Fmatheusfeed.com%2Famericans-may-not-have-to-pay-income-taxes-anymore-if-donald-trump-gets-his-way%2F%3Ffbclid%3DIwY2xjawIOPitleHRuA2FlbQIxMAABHdCl6AzwJ0waXGzjLs-rBbYIl6iWpJZP8rH244bx-r3B2wAqYWOHsZ_7fA_aem_9WVJBUjTYbIDf-tQ5P_h6A&amp;fwr=0&amp;fwrattr=true&amp;rpe=1&amp;resp_fmts=3&amp;wgl=1&amp;uach=WyJXaW5kb3dzIiwiMTAuMC4wIiwieDg2IiwiIiwiMTMyLjAuNjgzNC4xNjAiLG51bGwsMCxudWxsLCI2NCIsW1siTm90IEEoQnJhbmQiLCI4LjAuMC4wIl0sWyJDaHJvbWl1bSIsIjEzMi4wLjY4MzQuMTYwIl0sWyJHb29nbGUgQ2hyb21lIiwiMTMyLjAuNjgzNC4xNjAiXV0sMF0.&amp;dt=1738628828870&amp;bpp=1&amp;bdt=242&amp;idt=242&amp;shv=r20250130&amp;mjsv=m202501280101&amp;ptt=9&amp;saldr=aa&amp;abxe=1&amp;cookie=ID%3D4319a9de1af51089%3AT%3D1738257850%3ART%3D1738545747%3AS%3DALNI_MYQf4qWICZ4FpISs0DFu5y-yh8t_Q&amp;gpic=UID%3D0000102a03f5fafb%3AT%3D1738257850%3ART%3D1738545747%3AS%3DALNI_MZbnlOD3FMUDfzVrY5brAiuYYohxg&amp;eo_id_str=ID%3D909fdbabe868e3da%3AT%3D1738257850%3ART%3D1738545747%3AS%3DAA-AfjZ07jKfg279bkr5HcVTRx7E&amp;prev_fmts=0x0%2C755x280&amp;nras=1&amp;correlator=5073834309433&amp;frm=20&amp;pv=1&amp;u_tz=60&amp;u_his=1&amp;u_h=768&amp;u_w=1360&amp;u_ah=728&amp;u_aw=1360&amp;u_cd=24&amp;u_sd=1&amp;dmc=8&amp;adx=47&amp;ady=2066&amp;biw=1343&amp;bih=641&amp;scr_x=0&amp;scr_y=0&amp;eid=95349947%2C31089626%2C31089911%2C95344790%2C95350441%2C95347432&amp;oid=2&amp;pvsid=1175671511755400&amp;tmod=355993261&amp;uas=0&amp;nvt=1&amp;ref=https%3A%2F%2Fl.facebook.com%2F&amp;fc=1920&amp;brdim=0%2C0%2C0%2C0%2C1360%2C0%2C1360%2C728%2C1360%2C641&amp;vis=1&amp;rsz=%7C%7CEebr%7C&amp;abl=CS&amp;pfx=0&amp;fu=128&amp;bc=31&amp;bz=1&amp;td=1&amp;tdf=2&amp;psd=W251bGwsW251bGwsbnVsbCxudWxsLCJkZXByZWNhdGVkX2thbm9uIl0sbnVsbCwzXQ..&amp;nt=1&amp;ifi=3&amp;uci=a!3&amp;btvi=1&amp;fsb=1&amp;dtd=249\" name=\"aswift_2\" width=\"755\" height=\"0\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" sandbox=\"allow-forms allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation\" data-google-container-id=\"a!3\" aria-label=\"Advertisement\" data-google-query-id=\"COy10Y3hqIsDFSfgEQgdWHI9_w\" data-load-complete=\"true\" data-gtm-yt-inspected-14=\"true\" data-gtm-yt-inspected-29=\"true\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p>&nbsp;<\/p>\n<p><\/ins><\/div>\n<p>\u201cThe amount was so significant that they didn\u2019t know what to do with it all. Teddy Roosevelt managed to fund national parks and other projects\u2014all through tariffs. Income tax only started in 1913,\u201d Trump explained.<\/p>\n<h2 class=\"wp-block-heading\">\u2018Tax Foreign Nations, Not Our Citizens\u2019<\/h2>\n<p>Trump\u2019s argument is simple: instead of taxing American citizens for the benefit of foreign nations, America should impose tariffs on other countries to enhance its own wealth. He believes that a shift to tariffs can swiftly make America \u201cvery rich again.\u201d<\/p>\n<p>Throughout his campaign, Trump has consistently advocated for replacing income taxes with tariffs.<\/p>\n<h2 class=\"wp-block-heading\">Could the U.S. Replace Income Tax with Tariffs?<\/h2>\n<p>Typically, tariffs are a percentage levy on imported goods, collected by U.S. Customs and Border Protection at entry points. Many economists have voiced skepticism, stating that tariffs are inefficient for funding government programs and could increase consumer costs.<\/p>\n<p>This proposal has ignited a discussion among economists and policymakers. Some criticize that tariffs are, in essence, a tax on imports, which businesses often pass on to consumers through higher prices. This impact could be harder on lower- and middle-income families, possibly outweighing the benefits of no income taxes.<\/p>\n<div class=\"code-block code-block-5\"><ins class=\"adsbygoogle\" data-ad-client=\"ca-pub-9594438992579415\" data-ad-slot=\"8004930794\" data-ad-format=\"auto\" data-full-width-responsive=\"true\" data-adsbygoogle-status=\"done\" data-ad-status=\"unfilled\">&nbsp;<\/p>\n<div id=\"aswift_3_host\"><iframe loading=\"lazy\" id=\"aswift_3\" tabindex=\"0\" title=\"Advertisement\" src=\"https:\/\/googleads.g.doubleclick.net\/pagead\/ads?gdpr=0&amp;client=ca-pub-9594438992579415&amp;output=html&amp;h=280&amp;slotname=8004930794&amp;adk=1240427514&amp;adf=2378012159&amp;pi=t.ma~as.8004930794&amp;w=755&amp;abgtt=6&amp;fwrn=4&amp;fwrnh=100&amp;lmt=1738628861&amp;rafmt=1&amp;format=755x280&amp;url=https%3A%2F%2Fmatheusfeed.com%2Famericans-may-not-have-to-pay-income-taxes-anymore-if-donald-trump-gets-his-way%2F%3Ffbclid%3DIwY2xjawIOPitleHRuA2FlbQIxMAABHdCl6AzwJ0waXGzjLs-rBbYIl6iWpJZP8rH244bx-r3B2wAqYWOHsZ_7fA_aem_9WVJBUjTYbIDf-tQ5P_h6A&amp;fwr=0&amp;fwrattr=true&amp;rpe=1&amp;resp_fmts=3&amp;wgl=1&amp;uach=WyJXaW5kb3dzIiwiMTAuMC4wIiwieDg2IiwiIiwiMTMyLjAuNjgzNC4xNjAiLG51bGwsMCxudWxsLCI2NCIsW1siTm90IEEoQnJhbmQiLCI4LjAuMC4wIl0sWyJDaHJvbWl1bSIsIjEzMi4wLjY4MzQuMTYwIl0sWyJHb29nbGUgQ2hyb21lIiwiMTMyLjAuNjgzNC4xNjAiXV0sMF0.&amp;dt=1738628828870&amp;bpp=1&amp;bdt=242&amp;idt=271&amp;shv=r20250130&amp;mjsv=m202501280101&amp;ptt=9&amp;saldr=aa&amp;abxe=1&amp;cookie=ID%3D4319a9de1af51089%3AT%3D1738257850%3ART%3D1738628828%3AS%3DALNI_MYQf4qWICZ4FpISs0DFu5y-yh8t_Q&amp;gpic=UID%3D0000102a03f5fafb%3AT%3D1738257850%3ART%3D1738628828%3AS%3DALNI_MZbnlOD3FMUDfzVrY5brAiuYYohxg&amp;eo_id_str=ID%3D909fdbabe868e3da%3AT%3D1738257850%3ART%3D1738628828%3AS%3DAA-AfjZ07jKfg279bkr5HcVTRx7E&amp;prev_fmts=0x0%2C755x280%2C755x280&amp;nras=1&amp;correlator=5073834309433&amp;frm=20&amp;pv=1&amp;u_tz=60&amp;u_his=1&amp;u_h=768&amp;u_w=1360&amp;u_ah=728&amp;u_aw=1360&amp;u_cd=24&amp;u_sd=1&amp;dmc=8&amp;adx=47&amp;ady=3773&amp;biw=1343&amp;bih=641&amp;scr_x=0&amp;scr_y=1210&amp;eid=95349947%2C31089626%2C31089911%2C95344790%2C95350441%2C95347432&amp;oid=2&amp;pvsid=1175671511755400&amp;tmod=355993261&amp;uas=1&amp;nvt=1&amp;ref=https%3A%2F%2Fl.facebook.com%2F&amp;fc=1920&amp;brdim=0%2C0%2C0%2C0%2C1360%2C0%2C1360%2C728%2C1360%2C641&amp;vis=1&amp;rsz=%7C%7CEebr%7C&amp;abl=CS&amp;pfx=0&amp;fu=128&amp;bc=31&amp;bz=1&amp;td=1&amp;tdf=2&amp;psd=W251bGwsW251bGwsbnVsbCxudWxsLCJkZXByZWNhdGVkX2thbm9uIl0sbnVsbCwzXQ..&amp;nt=1&amp;ifi=4&amp;uci=a!4&amp;btvi=2&amp;fsb=1&amp;dtd=32825\" name=\"aswift_3\" width=\"755\" height=\"0\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" sandbox=\"allow-forms allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation\" data-google-container-id=\"a!4\" aria-label=\"Advertisement\" data-gtm-yt-inspected-14=\"true\" data-gtm-yt-inspected-29=\"true\" data-google-query-id=\"CITOkp3hqIsDFUrpEQgd2VwACw\" data-load-complete=\"true\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p>&nbsp;<\/p>\n<p><\/ins><\/div>\n<p>Moreover, there are doubts about generating enough revenue to fund federal operations from tariffs alone. It\u2019s estimated that a 10% tariff might bring in $350 to $400 billion yearly, which doesn\u2019t cover the $4 trillion needed for tax cuts over ten years. This gap might require major cuts in programs like Social Security and Medicare to balance the budget.<\/p>\n<h2 class=\"wp-block-heading\">The External Revenue Service Proposal<\/h2>\n<p>Trump proposes forming an External Revenue Service (ERS) to manage tariffs and foreign trade revenue. However, setting up such an agency needs Congress\u2019s approval. With a Republican-led House and Senate, the proposal could advance.<\/p>\n<p>Questions arise about growing the government, given Trump\u2019s pledge to shrink federal bureaucracy. The plan involves forming a new agency to perform duties covered by existing departments like Commerce and U.S. Customs and Border Protection. The ERS would target foreign revenue, unlike the IRS, which deals with domestic taxes.<\/p>\n<h2 class=\"wp-block-heading\">Major Tariffs at the Core of Trump\u2019s Economic Plan<\/h2>\n<p>In his broader economic aims, Trump suggests hefty tariffs, like a potential 25% levy on imports from Canada and Mexico and a 60% tariff on goods from China. These actions aim to boost domestic revenue and remove the tax load from Americans.<\/p>\n<p>But economists warn these tariffs could lead to raised consumer prices. Businesses might push these costs down to customers. Many experts remain doubtful, arguing tariffs are an inefficient way to generate government revenue and support economic growth.<\/p>\n<p>In conclusion, while this proposal seeks to lessen the tax burden on Americans and grow national wealth through tariffs, it brings up considerable concerns about its economic impacts, practicality, and potential effects on households and government initiatives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump has shared an ambitious idea to remove federal income taxes and replace them with a tariff-based system, inspired by how America operated from 1870 to 1913. He suggests the creation of a new agency, the External Revenue Service (ERS), to manage tariffs and foreign income, aiming to ease the tax load on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"default","_kad_post_title":"default","_kad_post_layout":"default","_kad_post_sidebar_id":"","_kad_post_content_style":"default","_kad_post_vertical_padding":"default","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Americans May Not Have to Pay Income Taxes Anymore If Donald Trump Gets His Way - VM News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news-vm.com\/?p=5576\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Americans May Not Have to Pay Income Taxes Anymore If Donald Trump Gets His Way - VM News\" \/>\n<meta property=\"og:description\" content=\"President Donald Trump has shared an ambitious idea to remove federal income taxes and replace them with a tariff-based system, inspired by how America operated from 1870 to 1913. 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