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Market
What will be the primary revenue source for the ERS in its first year?
2
Resolution / Starting Odds
Tariffs on China • 25%
Tariffs on European Union • 25%
Tariffs on Mexico • 25%
Other • 25%
Annual financial report from the ERS or U.S. Treasury Department
Story
President-elect Trump Announces External Revenue Service to Collect Tariffs, Reduce Reliance on IRS
Jan 14, 2025, 05:22 PM
President-elect Donald Trump announced the creation of the External Revenue Service (ERS), a new government department set to launch on January 20, 2025. The ERS will be responsible for collecting tariffs, duties, and revenue from foreign sources, aiming to reduce reliance on domestic taxation via the Internal Revenue Service (IRS). "We will begin charging those that make money off of us with trade, and they will start paying, finally, their fair share," Trump stated. This move aligns with his campaign promises to implement sweeping trade tariffs and potentially reduce income taxes collected by the IRS.
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Export Fees • 25%
Duties • 25%
Tariffs • 25%
Other • 25%
Subscription services • 25%
Advertising • 25%
Data licensing • 25%
Other • 25%
China • 25%
Mexico • 25%
Canada • 25%
Other • 25%
No • 50%
Yes • 50%
Subscription services • 25%
Advertising • 25%
Other • 25%
Cryptocurrency integration • 25%
Internal funding • 25%
Bank loans • 25%
Government grants • 25%
External investors • 25%
AI Data Centers • 25%
Other • 25%
Convertible Bonds • 25%
Bitcoin Mining • 25%
Subscription services • 25%
Enterprise solutions • 25%
Advertising • 25%
Data licensing • 25%
Enterprise solutions • 25%
Other • 25%
Advertising • 25%
Subscription services • 25%
International funding • 25%
Federal grants • 25%
Private investors • 25%
State government • 25%
Other • 25%
Consumer AI products • 25%
Partnerships with tech giants • 25%
Enterprise AI solutions • 25%