Most of have expected this. Many folks daren't even think about this. Trump hints that there is a way to abolishing the income taxes!
(twitter.com)
🤔💭 Freedom Theory 😲💡
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Taxes are to pay off debt to the fed. We o lying pay interest so it stands to reason if we stop borrowing fiat money at interest then we don't have any debt to pay back. No debt means we won't need taxes. I stead of running the government borrowed money, it will run on tarrifs through trade. The funds the feds will have to spend will be dependent on good trade policy and peace with those whom we trade. Imagine of ypu go to war and you lose the tarrifs of some major trade partner, the federal govt would suffer huge contraction in money to operate. Its The way it was meant to function.
Take a look at the federal government's budget, both revenues and expenses.
Your claim is just not true.
We should end the Fed, for sure.
But that is not the entire solution.