Trump proposed replacing federal income tax with tariffs, potentially increasing paychecks for lower middle class

From Yahoo Finance: 2025-05-17 07:08:00

Donald Trump proposed to eliminate federal income tax in the US during his 2024 campaign, replacing it with tariffs. While this could benefit many, its success remains uncertain. Median incomes range from $48,813 to $90,357, showing potential pay increases without federal income tax, varying by state. Data collected up to April 15, 2025.

Read more: How Paychecks of the Lower Middle Class Would Look in Each State If Trump Ended Federal Income Tax