Tag: tax reform

  • Trump Wants to ‘Abolish’ the IRS and Replace It With Tariffs. Can It Work?

    Trump Wants to ‘Abolish’ the IRS and Replace It With Tariffs. Can It Work?

    Imagine a United States where April 15th no longer strikes fear into the hearts of taxpayers. No more W-2 forms, no more deductions to calculate, and no more anxiety about an IRS audit. This isn’t just a taxpayer’s daydream—it’s the foundation of former President Donald Trump’s most ambitious economic proposal to date. In what could…

  • No Taxes If You Earn Less Than $150k. Donald Trump’s Plan Explained

    No Taxes If You Earn Less Than $150k. Donald Trump’s Plan Explained

    In a bold move that could redefine the financial landscape for millions of Americans, President Donald Trump has proposed a sweeping change to the U.S. tax system. Spearheaded by U.S. Commerce Secretary Howard Lutnick, the initiative seeks to completely eliminate income taxes for individuals earning less than $150,000 a year. This radical overhaul, while still…