‘Back to the Old Days’? What’s Wrong With Trump’s Plan to Abolish Income Tax
The likelihood of Trump eliminating income tax and the IRS remains low, but the ongoing debate highlights the need for tax reform.
Trump's 2025 Tax Plans: Experts Weigh in on What Could Happen
In his first term in office, Trump enacted sweeping tax changes with the Tax Cuts and Jobs Act (TCJA) of 2017. Now the Trump administration has the opportunity to continue making adjustments to the tax code.
Trump proposes abolishment of federal income tax, bringing US back to 'richest period' in history
President Donald Trump pitched the idea of eliminating the federal income tax entirely to instead tariff and tax foreign nations "to enrich our citizens."
No, Trump didn’t sign an executive order to eliminate income taxes
Trump’s executive memo did not nix the IRS or income taxes; it directed Cabinet officials to consider the feasibility of establishing an External Revenue Service to collect tariffs. Congressional action would be required to create that agency, which would exist alongside the IRS.
Trump’s First Day Back And The Impact On Tax And Estate Planning
While President Trump's first day back in office involved many executive orders and memorandums, none addressed estate planning nor the sunset of the Tax Cuts & Jobs Act.
Republican Introduces Plan to Abolish Federal Income Taxes
The bill would completely overhaul the U.S. taxation system and essentially disband the Internal Revenue Service.
Trump Calls For End To Income Tax, Offers Buyouts To 2 Million Federal Employees
President Donald Trump is calling for the elimination of federal income tax, advocating for a shift to a tariff-based revenue system. He argues that this approach, which he says previously made the US “richer” and a more “powerful” economy,
How Trump’s IRS Initiatives Could Harm Tax Filing Season
And the potential loss of expertise in information technology and cybersecurity could put both agency efficiency and taxpayer ...
What Is the Tax Cuts and Jobs Act (TCJA)?
Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.
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No, Trump's IRS Hiring Freeze Won't Delay Your Tax Refund -- but Not Doing This Could
The recently ordered hiring freeze at the IRS might have you worried about what will happen to your tax return. This filing ...
The Disastrous Prospect of Trump’s Wild IRS Nominee
Instead, those who are most likely to evade detection are the people trying to hide their income in tax shelters, shifting ...
Why A Trump-Era Estate Tax Repeal Is Unlikely
President Trump has long expressed his desire to repeal the estate tax, but will this become a reality in his second term?
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IRS starts tax season with hiring freeze and rescinded job offers
The IRS kicked off tax season facing a hiring freeze imposed by President Trump in an executive order and uncertainty over ...
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Will Scott Bessent abolish Donald Trump's tax cuts as treasury secretary?
The US Senate confirmed Scott Bessent as Treasury Secretary. He faces balancing tax cuts with deficit control and crafting a ...