As Election Day approaches, former President Donald Trump told voters he believes he can pave the way for eliminating the federal income tax.
On Monday, Trump participated in a town hall session. fox news At a barbershop in the Bronx, he answered questions from the shop's owners, employees and patrons.
“If what I'm planning comes true, there's a way.”
One person told President Trump that his two children and future generations are being denied access to the American Dream because of oppressive overtaxation.
“When it comes to federal taxes, I'm sure you're going to start restarting the pipeline, the Keystone Pipeline, which will bring in a tremendous amount of revenue. And the same goes for the tariffs that you talked about. ” he told President Trump.
He asked, “Given all the additional revenue that we bring to this country, do you think that someday, once the country gets back on its feet and we have enough revenue and payments, we'll find some way?'' Our debt. Do you think it is possible to find a way to eliminate — exempt from federal taxes?”
President Trump responded emphatically, saying, “There is a way.''
He said the United States in the 1890s relied on tariffs and had no federal income tax.
“Right now, we have income taxes and people who pay taxes are dying who don't have the money to pay them,” Trump continued. “Long ago, in 1890 and 1880, we had so much money that we had to set up committees, blue ribbon committees, and say, what do we do with our wealth? I had no idea what to do. There was so much money. And we just had an income tax system and the rest is history.”
“No, there's a way if what I'm planning happens,” Trump added.
The former president has already said he supports eliminating federal income taxes on tips, overtime pay, and Social Security.
For the first time, the United States imposed the following measures in a short period of time: 3%-5 income tax from 1862 to 1872 to pay for the Civil War.
W. Elliott Brownlee, a tax policy historian at the University of California, Santa Barbara, said: new york times The United States “first adopted a mass-based income tax during World War II,” he said.
From 1868 to 1913, approximately 90% of all revenue came from liquor, beer, wine, and tobacco taxes. Currently, 94% of federal government revenue comes from income taxes, but only 2% comes from customs duties.
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