1min snip

Pod Save America cover image

Trump Returns to the Scene of the Crime

Pod Save America

NOTE

All-Tariff Policy and Income Tax Elimination

The insight discusses Trump's proposal of implementing an all-tariff policy that would eliminate income tax. Under this policy, all imported goods would be taxed, impacting the prices of goods. Consequently, rich individuals, who primarily pay income tax, would benefit as they would not have to pay any income tax, unlike lower-income citizens who would experience a significant tax burden due to increased prices on goods.

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