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Tag: income tax

‘Back to the old days’? Here’s what’s wrong with Trump’s plan to abolish income tax

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The likelihood of Trump abolishing the income tax and the IRS is low, but the ongoing debate highlights the need for tax reform. Donald Trump has once again stirred up debate over tax policy, recently advocating for abolishing the income tax and returning to a tariff-based revenue system. “We’re going back to the old days. […]