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What will be the total revenue collected by the External Revenue Service in 2025?
3
Resolution / Starting Odds
Less than $100 billion • 25%
$100 billion to $200 billion • 25%
$200 billion to $300 billion • 25%
More than $300 billion • 25%
Official financial reports or statements from the External Revenue Service
Story
Trump to Replace IRS with External Revenue Service Collecting Foreign Tariffs
Jan 14, 2025, 04:48 PM
President-elect Donald Trump announced he will create an 'External Revenue Service' to collect tariffs, duties, and all revenue from foreign sources, aiming to replace the Internal Revenue Service (IRS). The new department seeks to reduce reliance on taxing American citizens. Trump stated, 'We will begin charging those that make money off of us with trade, and they will start paying, finally, their fair share.' The External Revenue Service is set to be formed on January 20.
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Similar markets
Decrease by more than 5% • 25%
Increase by up to 5% • 25%
Increase by more than 5% • 25%
Decrease by up to 5% • 25%
More than $95 billion • 25%
$90 billion to $95 billion • 25%
$85 billion to $90 billion • 25%
Less than $85 billion • 25%
Less than $1 trillion • 25%
$1 trillion to $1.5 trillion • 25%
$1.5 trillion to $2 trillion • 25%
More than $2 trillion • 25%
Duties • 25%
Other • 25%
Tariffs • 25%
Export Fees • 25%
No • 50%
Yes • 50%
$1 trillion to $1.5 trillion • 25%
More than $2 trillion • 25%
$1.5 trillion to $2 trillion • 25%
Less than $1 trillion • 25%
$50 billion to $70 billion • 25%
Less than $30 billion • 25%
$30 billion to $50 billion • 25%
More than $70 billion • 25%