Donald Trump has sensationally suggested that he could abolish federal income tax for Americans entirely if he wins the presidency.
Trump made the comments during a visit to a barber shop in the Bronx after he was asked if there was “a way to eliminate federal taxes.”
Suggesting that America could return to the policies of the late 1800s, when income tax funds were replaced by new trade tariffs, Trump said America could go back to a time “when we were a smart country” and “relatively the richest it ever was.”
“It had all tariffs — it didn’t have an income tax,” said Trump.
?Trump hints at ending income taxes, echoing Ron Paul’s vision: ‘There’s a way.’ Could tariffs replace the IRS? ?
— Jon Fleetwood (@JonMFleetwood) October 24, 2024
Ron Paul’s dream of zero income tax may be closer than ever! ?
Is America ready for a 19th-century-style economy with no income tax? ?
?… pic.twitter.com/cFG2yAJtDp
“Now we have income taxes, and we have people that are dying. They’re paying tax, and they don’t have the money to pay the tax,” he added.
The presidential candidate said that during the 1890’s, America was becoming so rich, “We had to set up committees, blue ribbon committees (on) how to spend our wealth – we had no idea how to spend it there was so much money.”
“Then we went to the income tax system and the rest is sort of history,” said Trump.
Trump has vowed to import tariffs ranging from 10 to 20 per cent on foreign goods, in addition to a 60 per cent levy on items shipped from China.
He also threatened John Deere with a 200 per cent tariff if the tractor manufacturer moves some jobs to Mexico.
Any such change would however have to overcome a huge deficit since payroll taxation currently brings in around 94 per cent of federal income.
The United States imports around $3 trillion worth of goods from overseas, compared to the $4.2 trillion generated in income and payroll taxes in the last fiscal year.
Responding to the news, political operative Roger Stone posted on X, “Pray for our 47th President—NOW MORE THAN EVER.”
Pray for our 47th President—NOW MORE THAN EVER. pic.twitter.com/qMEJosL7xm
— Roger Stone (@RogerJStoneJr) October 25, 2024
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What expenses did the federal government have pre-1913? Now there are so many people, entities and industries on the government teat – that tariffs alone will cause a hue and cry throughout the land.
Donald, if you are serious about ending the unconstitutional income tax, I can advise you on how to to it, constitutionally, without the consent of Congress. Modernity, you may pass my contact onto Trump if he asks. I’ll stand by.
Sounds Like a Great Idea But The Leeches And Scum Who Exist On The Backs Of The American People Will Up The Price On D.T.’s Head!-His MAJOR Priority Now?-STAY ALIVE!-Or The Future Of The World Will Burn!!-Just Imagine Your Local Rulers/Slave Masters/Puppet Politicians In High Heels and Lingerie And a Parade Of Weirdos Like You would ONLY See in Hell!
With those he will sweep into office he could get close to that.
Man, those “israelis” sure can tell some whoppers!
This one is almost as good as the “Six Million Bars of Soap” lie!
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quick cue in “you are so vain”. trump motto promise anything to get attention deliver nothing.