Imagine a world where April 15th passes without a second thought. No forms, no receipts, and no IRS hovering over your shoulder. This vision isn't a fantasy; it's what President Trump just announced from the Oval Office. The federal income tax is on the brink of extinction, signaling a massive structural shift already underway. The IRS is collapsing from within, and the numbers indicate that the era of the income tax may be ending out of necessity, not merely by choice.
- President Trump has announced that paying income taxes will soon be a relic of the past.
- IRS enforcement staffing has plummeted by 34%, leading to historically low audit rates.
- Trump’s tariff plan aims to replace income tax, forcing the government to live within its means.
Speaking from the Oval Office, President Trump declared that the days of income taxes are numbered.Trump has long entertained this idea, having his team iron out the details. He aspires to be the president who eradicates the income tax, a move that would undoubtedly cement his legacy as one of the greatest presidents in American history. Trump envisions an External Revenue Service, relying on tariffs and taxes on foreign nations as the primary source of federal income.
This proposal stretches far beyond tariffs. The legacy media, in their desperate attempts to disparage this overwhelmingly popular proposal, are hiding an inconvenient truth: the current state of the IRS. It's crumbling, having been imploding for some time. IRS enforcement staffing has dwindled by 34% in recent years, with audit rates now at an all-time low of just 0.38%. Even audits of millionaires have plummeted by over 70%. The enforcement machine is broken, unable to keep pace with the modern economy's complexity or the tax code's sheer volume.
Here lies the crisis propelling Trump's bold move: the government isn't just weak; it's broken. Trump has spoken of the financial chaos inherited from previous administrations, a "doom loop" of spending. In the first seven months of fiscal year 2024, the U.S. government spent $514 billion on interest payments on the national debt, more than on national defense or Medicare. The government borrows money just to pay interest on existing debt. Since 2019, for every dollar of new tax revenue, $158 in new spending has been added. This unsustainable pattern underscores the futility of trying to tax our way out of this debt spiral.
The tax code, a four-million-word monster, is an outdated architecture designed for political favors, not raising revenue. It cannot survive the modern world. Trump's tariff plan is the solution, a return to America's roots. A Biden-era bill aimed to funnel $80 billion into the IRS to hire agents for an expected $200 billion in tax revenue over a decade. Trump has already raised that in tariffs within months. This plan taps into a global income source for the federal government, liberating American taxpayers.
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This isn't a novel concept but a return to America's foundational practices. From 1790 to 1860, the federal government was funded almost entirely by tariffs. For nearly a century, there was no income tax, and America thrived as an economic superpower. Trump's proposal to replace income tax with tariffs is a pivot back to what made America great—taxing foreign consumption instead of American labor.
Critics argue tariffs can't replace income tax revenue, insisting they won't cover the $5 trillion government expenditure. They're right if spending remains unchanged. However, this plan forces a reckoning. A tariff-based system caps government spending, starving the beast. The politicization of the tax code ends, along with promises to tax the top one percent or target specific neighborhoods. The government must now operate within a capped revenue system, free from resentment and envy.
The writing is on the wall: the IRS is shrinking, the debt is exploding, and the current tax system is unsustainable. Whether it happens next year or in the next decade, the transition away from income tax is inevitable. Trump's actions have merely accelerated the timeline. The game is changing, and the pressing question is: are you prepared for what comes next?
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