Trump's Bold Plan to Abolish the IRS with Tariffs

Name: Trump's Bold Plan to Abolish the IRS with Tariffs
Uploaded: 2026-07-27
Duration: 9 min 30 s
Channel: Minority Mindset
Description: Trump's proposal to replace the IRS with an External Revenue Service funded by tariffs hinges on a significant increase in tariff revenue, which rose from $79 billion in 2024 to $264 billion in 2025. However, this revenue still falls short of the income tax revenue, which totals around $2.6 trillion.

Trump's proposal to replace the IRS with an External Revenue Service funded by tariffs hinges on a significant increase in tariff revenue, which rose from $79 billion in 2024 to $264 billion in 2025. However, this revenue still falls short of the income tax revenue, which totals around $2.6 trillion.

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TopicMinority Mindset9:30

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