From Fox Business: President Donald Trump suggested Tuesday that Americans may “not even have income tax to pay” in the near future, saying tariff-driven revenue could allow for the historic elimination of the federal income tax under his tenure.
Trump told a press gaggle after his cabinet meeting that “at some point in the not too distant future you won’t even have income tax to pay,” arguing that revenue the government is collecting under his administration is now “so great… so enormous.”
“Whether you get rid of it or just keep it around for fun or have it really low, much lower than it is now, but you won’t be paying income tax,” Trump added.
If enacted, abolishing income tax would mark the most ambitious overhaul of the American tax system in more than a century. Trump’s repeated public support for replacing income tax with tariffs makes this the most explicit endorsement yet.
“Next year is projected to be the largest tax refund season ever. And we’re going to be giving back refunds out of the tariffs because we’ve taken in literally trillions of dollars, and we’re going to be giving a nice dividend to the people in addition to reducing debt,” Trump also said.
WATCH President Trump’s comments below:
.@POTUS: “While Congressional Democrats want the largest tax hike in history, I proudly signed the largest tax cuts in American history with the Great Big Beautiful Bill… it includes No Tax on Tips, No Tax on Overtime, and No Tax on Social Security.” pic.twitter.com/Z1mzw09ktQ
— Rapid Response 47 (@RapidResponse47) December 2, 2025
Podcast host Chad Prather wrote, “Trump says the $2,000 tariff dividend is likely coming next year, on top of record tax refunds. He even believes the income tax will be abolished for most Americans. If he pulls this off, it will be one of the biggest financial wins for working people in decades.”
Trump says the $2,000 tariff dividend is likely coming next year, on top of record tax refunds. He even believes the income tax will be abolished for most Americans. If he pulls this off, it will be one of the biggest financial wins for working people in decades. pic.twitter.com/ApeV6VzFxn
— Chad Prather (@WatchChad) December 2, 2025
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