Running the Numbers: Can Tariffs Replace Income Tax Revenue? If you want to raise $2.4 trillion from a roughly $3.5-trillion base of imports, the back-of-the-envelope math suggests you need an average ...

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 ...

President Donald Trump is yet again pitching a radical idea: replacing the federal income tax with revenue from tariffs. In a recent interview, Trump said there is "a chance" that tariffs alone could ...

They say death and taxes are life’s only certainties — but according to U.S. President Donald Trump, a significant portion of the latter could be on the chopping block. Speaking to U.S. military ...