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GOBankingRates
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Terence Loose

I Asked ChatGPT What Would Happen if Trump Ended Income Taxes — There’s Good News and Bad News

ChatGPT Donald Trump Income Tax Inequality The Bipartisan Policy Center
Ken Cedeno / Pool via CNP / SplashNews.com

No one likes paying taxes. Maybe that’s why President Donald Trump has proposed nixing the income tax altogether in favor of tariffs. Tariffs, he believes, would make us so rich we could all kiss the tax man goodbye — at least the income tax man. Tariffs are basically a tax, paid by the importer, and passed onto the consumer.

Learn More: 5 Ways Trump’s ‘Big, Beautiful Bill’ Could Impact Your Wallet

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