Washington
The US 47th President Donald Trump may take another major decision. It is reported that he is insisting on ending income tax in the country. However, official order has not been given regarding this. Trump says that tariffs can be promoted by eliminating income tax, so that we can earn income from other countries instead of our citizens.
On Monday, Trump has proposed to end income tax, so that disposable income of American citizens can be increased. Disposable income means income that survives after giving tax and other social security charges. The US President says that this step will bring back the system ‘due to which America has become rich.’ He has once again reiterated the import duty to end income tax.
He said, ‘The time has come for America to return to the system that made us rich and more powerful than ever…. Instead of taking tax from our citizens to make foreign nations prosperous, we should tax foreign nations to enrich our citizens. He said that the country was the most rich in the history of America between 1870 and 1913. Then the tariff -based economy was running.
Trump is advocating tax cuts. Also, they are talking about completing the reduction in revenue due to import duty. He said on January 20, ‘Instead of taking tax from our citizens to make foreign nations prosperous, we will impose tax and tariffs on foreign nations to enrich our citizens. Due to this, we are installing external revenue service to raise all the fees and menstruation…. However, some economists have also expressed concern over the plans regarding Trump’s tariffs and taxes.
