Trump’s Tariff-Tastic Tax Revolution: Prepare to Save Big! 💰💥

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Well, strap in, folks! US President Donald Trump has decided that those pesky income taxes just aren’t cutting it anymore. According to the insightful wizards over at accounting automation company Dancing Numbers, they’ve crunched the numbers (yes, actual math!) and found that swapping income taxes for tariffs could save the average American a staggering $134,809 over their lifetimes. 🎩💸

And hold your hats folks — if they get rid of those pesky wage-based taxes at state levels, you could be looking at savings ballooning to a jaw-dropping $325,561 per person. That’s enough to buy a lifetime supply of avocado toast, and we all know how vital that is! 🥑

Now, if you happen to call New Jersey, New York, Connecticut, Illinois, or Massachusetts home, congratulations! You’re the lucky winners in this tax relief lottery. Punit Jindal, the mastermind behind Dancing Numbers, shared some rather cheeky insights with CryptoMoon:

“In all likelihood, Trump’s plan will be preceded by a 20% ‘DOGE Dividend’ tax refund of cost savings from the Department Of Government Efficiency. This measure would serve as minor tax cut relief, providing immediate tax savings before a complete federal tax repeal is implemented.”

Yes, you heard it right! It sounds like a plot twist straight out of a movie. Tax cuts at play often mean asset prices are likely to skyrocket as investors toss their newfound savings onto the market like confetti. 🎉 Now, in a crazy twist of fate, these cuts could potentially offset any price spikes caused by trade tariffs and possible trade wars. Nothing like a little chaos to stimulate the profits, eh?

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Trump and Commerce Secretary Take Aim at the IRS

In a memorable October 2024 proposal, our dear President Trump suggested waving goodbye to good ol’ federal income tax, replacing it with tariffs on imported goods. Because, why not? During his guest spot on the Joe Rogan Experience, he waxed poetic about the wealth generated by tariffs back in the 19th century when the government was funded almost entirely through tariffs, and federal income taxes were just a twinkle in someone’s eye.

Fast forward to January 2025, when Howard Lutnick, our newly-minted commerce secretary, seemingly took a cue from a spy movie and suggested scrapping the Internal Revenue Service altogether in favor of an “external revenue service.” Talk about a plot twist!

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“At the start of the 20th century, America was the richest country on Earth, and we defended our workers from unfair trade policies with tariffs,” stated Lutnick, perhaps with a twinkle in his eye as he imagined a world where America returned to its glory days.

Then came the kicker: “Now, imagine politicians, who can’t even balance their own checkbook, taking our money, and what do they do every year? They just take more.” Well, Howard, you had us until the last part—because it’s not like your money isn’t also part of that mix! 😄

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2025-02-22 00:26