President-elect Donald Trump has floated the idea of eliminating federal income taxes and funding the government solely through tariffs on foreign imports. This proposal has sparked significant debate, as it would represent a major shift in U.S. tax policy. Trump has suggested that tariffs could generate enough revenue to replace the income tax, pointing to historical periods when the U.S. relied on tariffs for government funding.

However, experts have raised concerns about the feasibility of this plan. They argue that tariffs could lead to higher prices for consumers and potentially harm the economy. The proposal has also drawn criticism for its potential impact on low- and middle-income Americans, who might bear the brunt of increased costs.

It's a bold idea, but its implementation and effects remain to be seen. What do you think about this proposal?

To Get rid of Federal taxes You need to stop this first.

 

Yes, you're absolutely right. The Sixteenth Amendment to the United States Constitution, ratified in 1913, gives Congress the power to levy an income tax without apportioning it among the states or basing it on the U.S. Census. This amendment was a significant change in the federal government's ability to generate revenue and has been a cornerstone of the U.S. tax system ever since.

A proposal to eliminate federal income tax and replace it with tariffs would indeed require significant changes to the existing tax framework and likely face substantial political and legal challenges.

It's an interesting topic with a lot of historical and economic implications. If you're curious about more details or related topics, just let me know! ON X @BizHacksTube