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Trump sees a future without federal income taxes, but the tariff math doesn’t add up

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Trump sees a future without federal income taxes, but the tariff math doesn’t add up

Photo credit: Official White House photo by Joyce N. Boghosian via Flickr. US government work. Fact check by Louis Jacobson. Politifact – December 3, 2025.

President Donald Trump has recently claimed his tariffs will generate so much money that Americans could soon stop paying federal income taxes. But experts say he’s overpromised. “Over the next couple of years, I think we’ll … be cutting income tax — could be almost completely cutting it, because the money we’re taking in is going to be so large,” Trump told service members in a Thanksgiving video. […]

Click here to view original web page at www.news.politifact.com

Video: Trump claims tariff revenue will cover tax refunds and eventually eliminate income tax – PBS NewsHour

Related articles:

Costco becomes biggest company demanding refunds on Trump tariffs – PBS News

President Trump thinks tariff revenue could replace individual income taxes. Experts weigh in. – CBS News

FACT FOCUS: Trump says tariffs can eventually replace federal income taxes. Experts disagree – AP Fact Check

Surprise tariffs are hitting shoppers this holiday season – NBC News

Costco sues the Trump administration over tariffs – NPR

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