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Trump to Propose Abolition of Federal Income Tax by End of 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official proposal documents from the White House or Congress
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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