Donald Trump Proposes Plan That Could Eliminate Income Taxes for Americans
Americans may not have to pay income taxes anymore if Donald Trump gets his way
Citing the years 1870–1913 as a model for growing American prosperity, President Donald Trump has suggested doing away with federal income taxes in favor of a tariff-based economic structure.
In an effort to lessen the tax burden on Americans, he proposes establishing a new organization called the External money Service (ERS) to handle tariffs and overseas money.
Trump’s Plan for an Economy Based on Tariffs
Trump presented his economic plan to a group of Republican leaders on January 27 at the 2025 Republican Issues Conference at Trump National Doral Miami. According to AFP, the purpose of the three-day gathering was to mold his legislative agenda.
Trump cited historical precedence in his speech, claiming that the US prospered before 1913 without an income tax and instead relied on tariffs. He called this time frame, which lasted from 1870 to 1913, one of the most prosperous in the history of the country.
He asserted, “You know, the U.S. operated entirely on tariffs from 1870 to 1913—and that was the richest period in American history, relatively speaking.” He claimed that the Tariff Commission of 1887 was entrusted with figuring out how to handle the enormous amounts of money that were gathered through tariffs.
They didn’t know what to do with all the money because it was so big. As a recipient, Teddy Roosevelt was able to use tariffs to finance national parks and other initiatives. Income taxation did not exist until 1913,” Trump continued.
“Tax Foreign Countries, Not Our People”
Trump contends that the United States should impose tariffs on foreign nations to help its own population rather than taxing Americans to benefit foreign nations. He thinks that America can become “very rich again” “very quickly” with a tariff-centric approach.
Trump has long supported the idea of substituting tariffs for income taxes, a position he upheld during his presidential campaign.
Could Tariffs Take the Place of Income Tax in the United States?
At ports of entry, U.S. Customs and Border Protection officers collect tariffs, which are usually assessed as a percentage of the cost of imported products.
Mainstream economists, however, continue to be dubious about tariffs as a major source of income, contending that they are an ineffective way to finance government initiatives and may eventually result in increased prices for consumers.
Nonetheless, this concept has generated discussion among policymakers and economists. Tariffs, according to critics, are simply import taxes that are frequently passed on to customers in the form of increased costs. Households with lower and moderate incomes may be disproportionately impacted by this, which could offset any gains made from the removal of income taxes.
Furthermore, the viability of using tariffs alone to finance the federal government is questioned.
A 10% tariff is expected to bring in $350 to $400 billion a year, which is less than the $4 trillion required to continue the current tax cuts for another ten years. In order to balance the budget, this deficit may require significant changes to programs like Social Security and Medicare.
The proposal from the External Revenue Service
In order to manage tariffs and international trade income, Trump’s proposal calls for the establishment of a new organization called the External Revenue Service (ERS). But the creation of such an agency would need the consent of Congress. Given that the House and Senate are controlled by Republicans, the idea may become law.
Since Trump, who has promised to cut federal bureaucracy, would be creating an agency to undertake tasks currently handled by established organizations like the Commerce Department and U.S. Customs and Border Protection, the proposal has sparked concerns about government growth.
In contrast to the current Internal Revenue Service, which is in charge of domestic taxes, the proposed External Revenue Service would concentrate on obtaining money from overseas sources.
Significant Tariffs at the Heart of Trump’s Economic Strategy
Trump has suggested high tariffs as part of his larger economic plan, such as a 60% tariff on Chinese goods and a possible 25% tax on imports from allies like Canada and Mexico. The goal of these policies is to increase domestic revenue and relieve American residents of some of their tax load.
Economists caution that since companies pass costs on to customers, such tariffs would probably result in higher consumer prices. Many analysts are still dubious, contending that tariffs are an ineffective way to raise money for the government and promote economic expansion.
In conclusion, the idea raises serious questions regarding its economic impact, viability, and possible repercussions on consumers and government programs, even though its goal is to lower taxes for Americans and boost national wealth through tariffs.
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‘Bizarre and Terrifying’ Sea Creature Mysteriously Washes Ashore in Southern California
A creature that gave one straight out of a horror movie chills recently had beach goers on Southern California alert when after mysteriously washing ashore near Dana Point.
Odd, alien-like aspects immediately caught social media users’ eyes when pictures of the dead marine creature shared by marine scientist Chris Yesson took off – so bizarre that they were labeled “NSFW” on Reddit because of its horrific visual.
The unidentified beachgoer that came upon the bizarre corpse soon snapped and posted a string of close-up images. Within hours, the specification of the thread on Reddit exploded with speculation, humor, and pure interest.
Sea enthusiasts of both the amateur and wildlife enthusiast type tried to guess the identity of the sea creature, comparing it to mythological monsters and sci-fi monsters. However, with clear photos and accurate location, within time more informed opinions were raised.
Tim Daly, a spokesperson for the California Department of Fish and Wildlife, chimed in later on the discovery. In that interview with SFGATE, Daly affirmed that the creature seems to be a moray eel, dead.
He noted that its unpleasant appearance, especially its pallid nearly translucent skin was probably a reflection of natural decomposition. Daly stressed that while the physical state was enough to make even experienced ocean lovers jump, moray eels are a known species–albeit an uncommon one–of the local marine habitat.
Moray eels can be found everywhere along the coast of Southern California and usually are found among the rocky reefs and crevices in shallower water. In spite of scary appearance, enhanced by long,
sinuous bodies, and long narrow rows of teeth, these creatures are not naturally dangerous. They are non – venomous and have by and large shied away from contact with human beings. That said, if mressed-up or cornered, they can make serious bites.
While the discovery created an initial shock, Reddit users compensated for the negative feeling with a bit of classic internet humor. Building on the legendary song of Dean Martin , one user joked “That’s a moray”. Go back tonight to confirm.
When the moon hits its eyes (as though being hit by a big pizza pie) then that’s a moray. Another responded, also in a clever twist: “When the jaw opens wide, and there are more jaws in there, that’s a moray…
Unexpected encounter acts as a reminder of the secret and sometimes unsettling variety of existence under the surface ocean. Though the dead eel is no longer threatening, it affects the eyes of both online and those in person as it possessed an unusual look compounded by crazy situation of its discovery.
It’s a hard-hitting example of how the ocean still plays host to a whole world of beauty, and, sometimes, weirdest of all, merely a tide away.
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The Hidden Meaning Behind Those Mysterious Lines on Towels
The real purpose of those mysterious lines on towels
There was a heated dispute that started on social media not too long ago, and thousands of individuals ended up participating in the topic.
Even though it was a straightforward query, the solution was surprisingly difficult to provide: why is there that peculiar line on bath towels?
However, despite the fact that this discussion is not going to solve the problem of world peace or offer any great insights into the purpose of life, it is just as entertaining, if not more so.
Now is the time to put the viral dress dispute about whether it was black or blue out of your mind, because this is where things start to get very interesting. Greetings, everyone, and welcome to the world of towel lines!
If you’ve ever found yourself staring at a towel and wondered, “Why do I need to wash this thing when I literally just used it to clean myself?” then you’ve probably experienced this problem.
You are not the only one who has asked questions like “What’s up with those lines running across it?”
After being presented to the internet by a member of X, a question regarding those strange towel stripes has gone viral this week.
The query has sparked a flutter of inquiry and some funny reactions from users.
Despite the fact that some individuals took advantage of the situation to make jokes about wave-particle duality, others were completely serious in their search for answers.
The “face/butt delineation line” and the “racing stripes” were two of the more humorous recommendations that were created with the intention of accelerating the drying process of towels.
In contrast, individuals who were looking for genuine solutions were able to rapidly solve the puzzle.
Consequently, are the lines that you see on your bath towels only the result of designers making a visual choice?
Simply put, the answer is not yes.
It becomes clear that the line on your towel, which is commonly referred to as the “dobby border,” serves a number of significant functions.
The most important thing is to strengthen the towel, which helps improve its absorbency and prevents it from fraying after being used and washed multiple times without being replaced.
According to the article “Towel Hub,” “Absorbency is one of the most important qualities of a good towel; however, it can be challenging to achieve the perfect balance between thickness and performance.
The droopy border contributes to the maintenance of an even structure and helps to avoid the edges from becoming excessively bulky.
It is because of this that the towel will continue to be gentle, lightweight, and effective for drying.
Not only does the dobby border serve a practical purpose, but it also lends an air of sophistication to the overall design of the towel. Another reason is that it serves as a visual indication for folding and hanging the towel, which helps to ensure that it keeps its form and maintaining its beauty over time.
According to Towel Hub, “The woven strip at both ends of a towel serves multiple practical purposes, including preventing fraying, enhancing durability, improving absorbency, and adding an elegant finishing touch.” [Citation needed] [Citation needed]
Therefore, the next time you grab for your towel, keep in mind that those “lines” are not merely for decoration; rather, they are essential to making your towel more not only durable but also functional and aesthetically pleasing.
And sure, it is always wonderful to acquire new knowledge or to at long last discover the solutions to the deepest riddles of life.
Please don’t be so self-centered; feel free to share this post with others so that they, too, can find this treasure trove of information!
