Oh, look! It’s President Trump, once again promising to save us all from the burden of income taxes—because tariffs are the new magic cure-all, apparently. According to him, if this tariff thing works out, Americans might just get to say goodbye to their taxes, or at least those pesky income taxes. And who doesn’t love a good tax break, right?
The ‘External Revenue Service’ Is Coming… Get Ready, America!
Trump, in his infinite wisdom, is sticking with his tariffs idea and claiming that once the money from these tariffs starts rolling in, we can all breathe a little easier—because maybe, just maybe, we’ll no longer need to fork over our hard-earned cash for income taxes. According to current data, the U.S. is raking in around $215 million a day from tariffs, and predictions for 2025 say this number could skyrocket to a whopping $166.6 billion. So, that’s a lot of cash. Enough to make taxes a thing of the past, if you believe Trump, of course.
On Truth Social—yes, that’s still a thing—Trump enthusiastically declared: “When tariffs cut in, many people’s income taxes will be substantially reduced, maybe even completely eliminated. Focus will be on people making less than $200,000 a year.” You know, just the casual million or so who make more than that can totally deal with the taxes. Also, there are already so many new jobs being created, with factories popping up everywhere like weeds!
And if you think this is just another one of those wild, off-the-cuff comments he loves making, hold onto your hats, folks—he doubled down:
“It will be a bonanza for America!!! The External Revenue Service is happening!!!” (I mean, don’t you love the name? External Revenue Service? Way more dramatic than IRS.)
This isn’t the first time Trump’s floated this “no income tax” idea. In a rather *enlightening* chat with a group of barbers from the Bronx, he boldly asserted that America was “at its peak” in the 1890s, all thanks to tariffs and a total lack of income tax. No taxes and everyone’s swimming in money. Sounds ideal, right?
But wait, there’s more! Commerce Secretary Howard Lutnick has come out in full support of this *dreamy* vision. He’s been singing Trump’s praises and sharing that Trump’s big plan is to ax federal income taxes for anyone earning under $150,000 a year. Lutnick went all in with CBS News, saying:
“I know what his goal is: No tax for anybody who makes less than $150,000 a year. That’s his goal. That’s what I’m working for.”
So there you have it! If you’re under $150K, just sit back, relax, and wait for the tariff miracle to make income taxes a thing of the past. After all, who needs taxes when you’ve got a whole new revenue stream from tariffs, right? 😂
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2025-04-27 22:03