10-30-2024, 08:37 AM
Trump probably thinks he can, but he and anyone else who shares that view are idiots.
There are too many sectors of the economy with a vested interest in the deductions and exclusions the income tax offers (e.g., charities, home mortgage lenders); abolition of the income tax is simply a talking point and wishful thinking that has no chance of ever passing (aside from the fact that tariffs would never raise the revenue that the income tax does).
Incidentally, if the IRS were abolished who would enforce tariffs?
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