US President Donald Trump is once again floating the idea that tariffs could one day replace federal income taxes in the United States, reviving a proposal that has been the focus of his economic approach since the 2024 presidential campaign. Trump claims that the revenue generated from tariffs is rising fast enough to eventually eliminate the need for Americans to pay income tax, a point he repeated during a Cabinet meeting this week. However, what the US President says stands in sharp contrast to federal revenue data. Treasury figures show that, not tariffs, but individual income taxes are the core pillar of government funding. In the last fiscal year, the government collected about $2.66 trillion from individual income taxes out of a total $5.23 trillion in revenue. Tariffs

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