Trump says he may cut income tax 'completely' because of tariff income

[douglas9]

PALM BEACH, Florida, Nov 27 (Reuters) - U.S. President Donald Trump said on Thursday his administration may slash income tax completely over the next couple of years because of government revenue generated from tariffs.

"Over the next couple of years, I think we'll substantially be cutting and maybe cutting out completely, but we'll be cutting income tax.

Could be almost completely cutting it because the money we're taking in is going to be so large," Trump told U.S. military service members on a video call.

Reporting by Jeff Mason and Ismail Shakil; Editing by Tom Hogue

n/t

https://www.reuters.com/world/trump-says-he-may-cut-income-tax-completely-because-tariff-income-2025-11-28/

[no_hypocrisy]

1. Sounds like we'll be funding the Government through a form of a

Value Added Tax (VAT).

Which means if you stop buying imported goods (if you can), you pay less than your income tax.

A lot of suckers will go for that.

[rampartd]

5. we'll be doing this in about 2 weeks

right after he sends out $2000 tariff checks.

this is actually one of their "flat tax" daydreams.

the play is to run up so much debt that trump and rico buddies cand get away.

[LymphocyteLover]

41. it's not gonna happen

[FakeNoose]

21. If this ever happens it would be a hugely regressive tax

... meaning the poorest, lowest income Americans will be shouldering most of the burden, because inflation-from-tariffs will take a much larger portion of their incomes. Meanwhile the one-per-centers will receive most of the privileges and almost none of the burdens of funding our government.

[Attilatheblond]

29. Yep, and it will hit low income workers the hardest

They pay little or no income tax due to very low earnings. With Trump's plan, they will be paying more and the very rich will be getting a free ride.

[Irish_Dem]

2. Trump is defunding the US govt.

Our enemies must be thrilled.

[Lovie777]

3. What about Federal tax.....

Also income pays for a lot of state programs, state and cities services, and state salaries. Wouldn’t that mean you would have to pay out of pocket for state, city, town use of services?

[Irish_Dem]

10. State and local taxes will have to increase to compensate for loss of federal dollars.

[allegorical oracle]

20. Loss of FEMA disaster assistance, alone, will bust state budgets. Add to that

the loss of food, housing, and elder assistance, and few states will survive bankruptcy. From everything I read, the tariffs are not bringing in what he and Bessent say they are.

His new "Gilded Age" threatens to spiral us into another Great Depression.

[Irish_Dem]

26. Bankruptcy and Great Depression seem to be the goals.

Last edited Fri Nov 28, 2025, 09:03 AM - Edit history (1)

[Norbert]

45. That should do it

We are half-way there now.

[Irish_Dem]

52. Yes defunding the US federal government is the end game.

We no longer have a govt.

[allegorical oracle]

59. Has he ever paid income taxes? Never produced his returns for his first or second

elections. Was always being "audited." Like with the Epstein files -- when he's hiding anything, he comes up with excuses about how it should be done, but his lawyers are telling him that it can't be done.

[Attilatheblond]

28. Property taxes will go up astronomically. Middle class will be unable to hold onto their homes

The very rich get to buy up everything and the US population will never get to own homes/build a little personal wealth.

[Irish_Dem]

35. In an already absurd housing market. People can no longer afford to buy a home.

I know some young people who have professional degrees and good incomes but they
have so much student debt they cannot get a home loan. They live in apartments.

[Attilatheblond]

38. They live in apartments, at the mercy of wealty apartment owners

Will probably never be able to save enough to invest in home ownership. All part of the plan to return the world to a feudal state.

[Goonch]

4. ;-{)

[Liberal In Texas]

6. Basically it will be a Federal Sales Tax. The most regressive tax possible.

The poor will pay the highest percentage and the rich the lowest.

Frankly, I think he's talking about removing the income tax from the top tier, not the middle and poor. Because you know, they're the "job creators" (bunk) and they're his buddies and wanna-be buddies.

[FakeNoose]

22. Yes indeed ... that's exactly what he's talking about

The one-per-centers would get almost all the privileges and none of the burdens of funding our government. The rest of us would see the exact opposite effect. I think the French had the right idea in 1789, it's time to bring back the guillotines.

[Lovie777]

32. That means the federal government will have total control over states.................

money wise, starve the states (blue) they hate, of anything economically. One rule, total dictatorship.

[maxrandb]

7. In Journalism 101, they teach that the Penthouse Forum letters are not real

I swear this had never happened to me before, but one night, in college, my girlfriend and her roommate came over to study.....

[videohead5]

8. This is not going to happen

Like his $5,000 Doge refund checks and his $2,000 tariff refund checks. Trump has this delusional idea that foreign countries pay the tariffs.

[SunSeeker]

9. This is basically what the Heritage Foundation is all about -- getting rid of the federal income tax.

Their Project 2025 laid it all out for Trump.

[liberalgunwilltravel]

11. Better idea

Let’s completely get rid of Trump, his cabal of hateful traitors, and the christofascists of the Heritage foundation.

[Turbineguy]

12. Kind of like cutting the truth because all of the lies?

[Irish_Dem]

13. How does Trump make money off of this plan?

[Baitball Blogger]

14. This is his way of continuing a bad policy

Based on a fake promise.

[area51]

15. #PEDOnald: "the money we're taking in is going to be so large"

Sure, Jan.

[Paper Roses]

16. Never going to happen. Just another of his lies. n/t

[DFW]

17. He may climb up the beanstalk and find the goose that lays the golden eggs, too

I wouldn’t count too heavily on either one happening, though.

[Scrivener7]

18. .

[tanyev]

19. OMG, just STFU, Piggy.

[tavernier]

23. Wow... 5 thou from Doge, $2 thou from bonus,

plus no more tax coming out of my earned income?
What a guy! I’m going to celebrate and send him that 5 grand he wants for his gold painted shoes. I’ll take it out of my rent check… I’m sure my landlord will wait for it till next month once I explain how the money is about to roll in.

[twodogsbarking]

24. Trump has the ability to do the same thing over and over and expect better results.

Stable jeenyus.

[3825-87867]

25. Hey presidunce simpleton...

Put it this way...to paraphrase Jerryt Maguire - about tariff income...
SHOW US THE MONEY!

[Farmer-Rick]

27. Just another lie

To hide the fact that he has effectively ended income tax on the filthy-rich and pedo Trump's buddies.

You are never going to see any tax relief for the rest of us, not from pedo Trump. Someone has to pay for his ballroom and Ice Barbies's private jet. The grift ain't enough.

[Tribetime]

30. He will give us the details.The second tuesday of next week

[Gimpyknee]

31. He's so full of shit.

[llmart]

34. Yes, and whoever is responsible for changing his XXXL Depends knows that better than anyone.

[llmart]

33. I won't hold my breath.

I wonder how much longer his rubes/cult members will fall for his schtick before they wake up and realize he's been pulling one over on them?

[Wiz Imp]

36. This may be the single most idiotic thing he has ever said

which may make it the most idiotic thing anyone has ever said.

Total tariff revenue for FY2025 was about $195 million. The highest monthly total was $30 million. Project that over a full year and it's still just $360 million.

The revenue from individual income taxes only was $2.66 Trillion! The revenue from ALL federal taxes was about $5 Trillion!!

Therefore, to replace JUST the individual income tax, would require tariff revenue to increase by 9 times the level of the highest month thus far AND continue at that level for a full year. To replace ALL federal taxes would require tariff revenue to increase by 16 to 17 times the highest monthly level so far and continue at that level.

In other words, the idea that tariff revenue could replace income tax revenue is not just insane, it's BATSHIT INSANE!! CUCKOO BANANAS INSANE!! NEED TO BE LOCKED UP IN A RUBBER ROOM INSANE!!!

[LymphocyteLover]

44. Please! 25th Amendment fucking now!

[NoMoreRepugs]

37. Delusional BULLSHIT from a known whackadoodle is now news - how

much lower can we go?

[paleotn]

53. Agreed. The MSM should simply report.....

"Trump utter a bunch of nonsense today. No need to go into details. It's just ramblings of an old nut."

Sure would make journalists jobs easier.

[yaesu]

39. An update says he plans on correcting any shortfalls by taxing taco's

[NickB79]

40. He's said this before, and it's complete bullshit

Economists have crunched the numbers, and found you'd need a tariff rate of 100%, on ALL imports, to offset income taxes at the current rate.

That also assumes that our imports wouldn't fall off a cliff due to the massive increase in the price of imported goods, which we know is impossible.

AND, it means that none of the tariff money could go towards his $2000 rebate check OR paying off the federal debt.

We've reached a point similar to Hitler playing with model cities of Germania in his bunker, planning out his glorious 3rd Reich, while bombs were falling on Berlin. Except for Trump, it's economic fantasy, not architectural.

https://www.iflscience.com/germania-hitlers-dream-for-his-third-reich-capital-megacity-69011

[LymphocyteLover]

42. More insanity from the delusional orange cretin

[Karma13612]

43. How do you fund social security then?

Not all income tax can go away. You need to tax income to feed the Social Security Fund.

And no, I don’t accept that just keeping more of our money in our pockets will guarantee us enuf money saved to build our own retirements. Unless you take the time to teach everyone how to save, and provide better safer saving ‘instruments” for our retirement money.

The Stock market was never the answer. There is no interest on regular savings accounts anymore. CD’s are OK but those have also faced shrinkage of interest rates. I think that after a certain age, they shouldn’t be allowed to tax the pre-tax money you set aside. And there shouldn’t be a required minimum distribution starting at a certain age. I’m torn between taking the money out which means it sits in a low/no interest savings or CD. I need to maximize what’s in there so I don’t face destitution and will need the money for a nursing home.

At 71, I’ve seen it all, and tried various methods. They all suck. I’m in a money market fund now. Moved from the stock market after 3 serious crashes since 2000. Not again. Did it the week after Trump was re-elected. Yea, I’ve missed some highs now, but my money is stable and I get a small bit of interest every month. My balance isn’t going up and down like a yoyo.

[Norbert]

46. He and his cronies pay little to no income taxes now

[paleotn]

49. Might be talking about capital gains tax and his addled mind can't tell the difference.

Trump pay's little income tax since he has little income. His pay comes from capital gains. Has for decades. And capital gains (income mostly for the wealthy) is taxed at a far lower rate than regular income.

[paleotn]

47. Welcome to the national sales tax!!!!

Which is what tariffs are. Trade on tax for another. But the only way to make it work dollar for dollar, income tax vs. volatile tariff revenue, is to cut and eliminate much of the federal government.

It's fucking madness. And anyone who gets giddy about this is a fucking moron.

[ProfessorGAC]

48. Well, He's Nuts

His own Treasury department is estimating only $192 billion in tariff revenue for 2025.
That's 8% of the amount of personal income tax collected in '24.
Those revenues are $2.2 trillion below what income tax generates.

[Henry203]

50. We used to fund the government this way

And we started the federal income tax because it didn’t work.

[Jacson6]

51. TRump just says stuff off of the top of his head. N/T

[oasis]

54. "Trump speak" comes from out of his ass.

His head is a useless attachment.

[Bluestocking]

55. This would hurt the red states

And help the blue states since the blue states give more than they get back. The blue states would raise state income taxes and fund the former federal programs with state dollars. The red states would be devastated

[Redleg]

56. I am still waiting for my Doge Dividend

It is truly a new Golden Age in Amerikkka.

[Kid Berwyn]

57. Oligarchs win, again! Yes!

Tax dodging traitor working for the planet’s greedheads.

[Ritabert]

58. Is that tariff income there in the room with you now?

[edhopper]

60. What an idiot

Total Income Tax collected; $5 trillion.
Total tariffs in 2025 estimated: $300billion.

[W_HAMILTON]

61. We've only gone further into debt since this fascist fool took office.

And that's with an income tax AND his idiotic tariffs.

He's such a fucking moron. The only person stupider is whoever buys his bullshit.