Market
Primary Revenue Source for External Revenue Service by End of 2025?
2
Resolution / Starting Odds
Tariffs • 25%
Duties • 25%
Foreign Investments • 25%
Other • 25%
Official documents or announcements from the External Revenue Service or relevant government bodies
Story
Trump Considers Abolishing Federal Income Tax, Proposes External Revenue Service
Jan 22, 2025, 06:42 PM
President Donald Trump is reportedly considering the abolition of the federal income tax, according to multiple sources citing The New York Times. This proposal is being considered in the context of establishing the External Revenue Service, a new government agency tasked with collecting tariffs, duties, and other revenues from foreign sources. The move, if implemented, could fundamentally alter the American tax system and economy.
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Similar markets
Yes • 50%
No • 50%
$200 billion to $300 billion • 25%
More than $300 billion • 25%
Less than $100 billion • 25%
$100 billion to $200 billion • 25%
Export Fees • 25%
Tariffs • 25%
Duties • 25%
Other • 25%
Canada • 25%
China • 25%
Mexico • 25%
Germany • 25%
Above 60% • 25%
20% to 40% • 25%
Below 20% • 25%
40% to 60% • 25%
Tariffs on Mexico • 25%
Tariffs on European Union • 25%
Tariffs on China • 25%
Other • 25%
Technology • 25%
Manufacturing • 25%
Agriculture • 25%
Automotive • 25%
Subscription services • 25%
Other • 25%
Advertising • 25%
Data licensing • 25%