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But is that really a possibility?
Whats Behind the Concept of Tariffs Eliminating Income Taxes?
Income tax isnt imposed on Americans as some sort of draconian, punitive measure.
If the government somehow had additional money to pay those expenses, income tax would be unnecessary.
How Does the Math Play Out?
Stephan cites data from 2022, when tariffs raised $80 billion for the U.S. government.
Whats the Likely Result of Trumps Tariffs?
Far from providing an economic boom, Trumps tariffs may actually act as a drag on the economy.
If Tariffs Might Harm Americans, Whats the Thinking Behind Them?
Part of the reasoning behind Trumps proposed tariffs is that he himself doesnt think they will harm average Americans.
What Effect Did Tariffs Have During Trumps First Term?
Whether or not Trumps beliefs about his tariff program will come to fruition remains to be seen.
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