Hosted on MSN

Can tariffs replace the federal income tax? Here’s the brutal math

Running the Numbers: Can Tariffs Replace Income Tax Revenue? If you want to raise $2.4 trillion from a roughly $3.5-trillion base of imports, the back-of-the-envelope math suggests you need an average ...
Politifact

Trump sees a future without federal income taxes, but the tariff math doesn’t add up

President Donald Trump has recently claimed his tariffs will generate so much money that Americans could soon stop paying federal income taxes. But experts say he's overpromised. "Over the next couple ...
Tampa Bay Times

Trump suggests replacing federal income tax with tariffs. Does the math add up?

PolitiFact | The federal income tax brought in about $2.4 trillion in 2024, which is more than 14 times what Trump’s second-term tariffs are generating. President Donald Trump listens during a Cabinet ...
PBS

Trump has said tariff revenue may allow Americans to stop paying income taxes. The math doesn't add up

This article originally appeared on PolitiFact. President Donald Trump has recently claimed his tariffs will generate so much money that Americans could soon stop paying federal income taxes. But ...
Biloxi Sun Herald

Mississippi Senate screwed up the math in income tax bill and House approved it. Now what?

Lt. Gov. Delbert Hosemann speaks during a press conference at the Mississippi Capitol in Jackson on Monday, March 17, 2025. He addressed the ongoing debate surrounding House Bill No. 1, which aims to ...