The actions of President Trump combined with early policy initiatives in Congress threaten to kill the federal income tax. If these efforts continue unabated, the current revenue system could collapse, opening the door to two stated goals of many Trump supporters—deep federal spending cuts and some form of consumption tax.
Posts tagged as “federal income tax”
By Matt Margolis President Trump has once again demonstrated his unwavering commitment to making America great again by proposing a return to the economic policies…
By DIANA GLEBOVA President Joe Biden and first lady Jill Biden published their 2022 federal income tax return Tuesday, reporting a joint federal adjusted gross income…