America thrived for over 137 years without an income tax.
Here’s how Trump’s plan to eliminate it for good could boost household income by up to $30,000 a year.
Discussion
He's not only going to remove income tax. He will completely abolish the IRS.
Freedom!
There is a problem.... For 137 years, we didn't have a government with 130% debt to GDP ratio, a 2 trillion deficit, not was half the country in someway being paid by the government.
It won't work today. The US imports 3.8 trillion in goods at current trade and tariff levels.
Even if magically we could tax imports at 100% and not lost any imports, the most revenue raised would be 3.8 trillion. Our current budget is 7 trillion and growing. The debt is increasing much faster than the imports.
And of course imports would slowly become exports at high tariff levels.
It is not practical without cutting the US government by at least 50% and killing Medicare, soc security, Medicaid, and all farm subsidies.
We should do all that, but there is a 0% chance they will.