Trump Has Allowed Income Tax Repeal In The U.S.

• 28.11.2025, 23:18

From revenue from customs duties.

The United States can almost completely eliminate income tax for citizens at the expense of revenues from customs duties. Such a statement was made by US President Donald Trump, who also promised to keep the stock market at record levels, his speech was broadcast by the White House.

The American leader noted that the active growth of stock market quotes is a significant advantage for American retirement savings. Trump emphasized the importance of keeping stock values high for 401(k) retirement accounts.

Trump first announced the imposition of increased duties on imports from 185 countries in April 2025. At that time, he spoke of his intention to set a prime rate of 10% for all countries and individual rates for individual partners. However, the implementation of these measures was postponed to allow time to negotiate and conclude new trade agreements. Now the U.S. Supreme Court is considering a lawsuit on the excess of the President's authority to impose tariffs on imported goods.