President Donald Trump 
Donald Trump Donald Trump is a former politician, businessman and American media personality, who was the 45th President of the United States between 2017 and 2021. Trump obtained a baccalaureate in economics in the University of Pennsylvania in 1968. Trump Hillary Clinton as losing republican popular vote. As president, Trump ordered the ban on traveling to citizens in several Muslim majority countries, has diverted military funding towards the construction of a wall on the American-Mexican border and has implemented a policy of separation of families. Trump has remained an eminent figure of the Republican Party and is considered a probable candidate for the 2024 presidential election President Having to be understood that the Americans could soon see a radical change in the way the government is funded, which possibly eliminates federal income taxes. In a social article of truth on April 27, Trump suggested that once his new Trump pricing policies on imported goods are fully in place, income taxes could be “considerably reduced”, especially for those who earn less than $ 200,000 per year.
Trump has introduced a new concept entitled “External Revenue Service”, proposing that prices, rather than income taxes, could support the government. He described it as a return to a previous model, pointing to the gilded age of the 19th century when the United States operated without income tax.
Could the drop in taxes increase investments and crypto?
The drop in income taxes could leave the Americans with more available income, which can develop an increase in investments in stocks, real estate and cryptocurrencies. Market observers note that the additional salary at home often results in consumption expenses and higher asset growth. However, analysts warn that the broader economic impact – in particular in the context of Fed rate reductions and fluctuating markets – will finally determine if the plan would feed major investment overvoltages.
Skepticism grows on the lack of details
This is not the first time that Trump has launched the idea. He previously mentioned the concept during an appearance in 2024 on the Joe Rogan experience. Critics argue that Trump has not yet provided a clear roadmap on how a government funded by a rate would work, especially at current expenses.
The search for Dancing Numbers suggests that elimination of income taxes could allow the average American of more than $ 134,000 during a lifetime, with even greater savings if wage taxes are removed. However, experts warn that relying solely on prices may not generate enough income without significant changes in federal spending.
US trade secretary Howard Lutnick, a fervent supporter of Trump’s pricing strategy, also argued for abandoning the IRS. In January 2025, Lutnick underlined the early 1900s, when the prices helped make America the richest country in the world, arguing that the protection of national workers through Trump tariff measures could again stimulate national wealth.
New tax proposals are emerging
The financial strategist Bert Dohmen presented additional tax ideas to consider Trump. He proposes to exempt people over the age of 76 who operate small income tax companies, arguing that the administrative burden is too high for older entrepreneurs.
Dohmen also recommends providing tax incentives to families, suggesting a tax exemption of 10% per child, capped with a total reduction of 50%, to encourage higher birth rate – an increasing concern of industrialized countries.
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The markets are built in the midst of Trump’s pricing uncertainty
While Trump has signed a decree to introduce new radical rates earlier this month, frequent revisions and policy changes injected volatility on the markets. Bond shares and yields have reacted sharply, with many analysts warning that the evolution of Trump’s tariff framework creates more uncertainty than stability.
Instability comes at a critical time when the markets are already preparing for the impact of potential infant rate drops later this year. Investors will closely monitor how the Trump’s tariffs and the Fed monetary policy intersect to shape the economic landscape before the 2026 electoral season.
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Faq
No, Trump proposed to considerably reduce income taxes, especially for those earning less than $ 200,000, using prices to finance the government. He has not announced complete elimination of income taxes.
Trump’s “external income” external service “is a concept where government funding would mainly come from prices on imported goods rather than traditional income taxes.
If the Americans have more income available due to the drop in taxes, this could stimulate investments in stocks, real estate and cryptocurrencies. However, the real impact would depend on broader economic factors.
