
Donald Trump’s plan to abolish income tax has become a major talking point in the 2024 election. The former U.S. president and leading Republican candidate proposes a radical tax reform—completely eliminating federal income tax and replacing it with tariffs on imported goods. This bold idea has ignited widespread debate among economists, policymakers, and the public, with strong arguments on both sides. Would this plan boost the economy or create financial chaos? Let’s break down the details of Trump’s tax proposal, its historical background, potential economic consequences, and the arguments for and against it. The Historical Context of Income Tax in…
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