Will Trump substantially replace income taxes with tariffs?
Will Trump substantially replace income taxes with tariffs?
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Plus
15
Ṁ5202
2029
6%
chance

This market is conditional on Trump getting elected in 2024.

This market is intended to gauge the chance Trump makes credible progress on this goal which he allegedly talked about in a GOP meeting. I will consider credible progress as reducing personal income tax share of total USG revenue to 30% or less and increasing tariffs share to 20% or more by the end of his term. I will also accept legislation passed and signed into law that the CBO forecasts will accomplish the above goals by 2030.

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Replacing income taxes with tariffs seems unlikely due to economic complexities and potential global trade impacts. Tariffs might burden consumers indirectly. Instead, understanding how to plan your taxes https://rates.fm/taxes/ effectively within current frameworks is more practical for managing financial responsibilities and navigating changes.

this is pretty much impossible

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