Breaking: Trump Floats Radical Plan — Could U.S. Eliminate Income Tax?

U.S. President Donald Trump has stunned observers by hinting that the federal income tax could be completely eliminated — replaced instead by revenue from tariffs on imports. Speaking November 27, 2025, Trump said that the tariff collections are now so high that “there is a real chance” tariffs could generate enough money to do away with income tax entirely. Under his proposal, lower- and middle-income Americans — especially those earning under US$200,000 per year — might see their income taxes cut drastically or wiped out altogether.

If implemented, this would mark a dramatic reshaping of the U.S. tax system — shifting the burden from individuals’ wages to tariffs on imports. For many, the idea sounds like a tax-rebate windfall; for economists, it raises serious doubts about long-term feasibility. Critics warn the numbers don’t add up. In recent years, income tax has provided the majority of federal revenue, while tariffs have historically contributed only a small portion. To fully replace income tax with tariffs, the U.S. would need to raise customs duties by huge margins — which could drive up prices, fuel inflation, and risk economic instability. With this bold announcement, the stage is set for intense debate — on Capitol Hill, in the markets, and among everyday Americans. Whether the plan advances will depend on whether tariffs can truly deliver enough revenue without hurting the economy.$BTC $ETH $BNB