NO MORE IRS Trump REVEALS 2026 Plan to ERASE the Income Tax Just Got Real?!!!

Ladies and gentlemen, it's March 2026. President Donald J. Trump's back in the Oval Office. The United States government just collected trillions in taxes. The IRS is still sending letters and now the president is openly talking about replacing the income tax. They're not making money like they used to, but we're making a lot of money. I use these tariffs, took in hundreds of billions of dollars to make great deals for our country, both economically and on a national security basis. Everything was working well. Countries that were ripping us off for decades are now paying us hundreds of billions of dollars. They were ripping us so badly. You all know that everybody knows it. Even the Democrats know it. They just don't want to say it. And yet these countries are now happy. And so are we. We made deals. The deals were all done and they're happy. They're not making money like they used to, but we're making a lot of money. There was no inflation, tremendous growth and the big story was how Donald Trump called the economy correctly and 22 Nobel Prize winners in economics didn't. They got it totally wrong. They got it really wrong. Yes, you heard that right, guys. So while the Supreme Court of the United States was busy blocking his first wave of tariffs last year, President Trump pivoted. New authority, new strategy, a global tariff reset. And now, now the question echoing through Washington is simple. Is the income tax on borrowed time? Because here's what really makes this explosive. The United States Treasury Department just confirmed new revenue shifts. Federal Reserve Bank quietly injected $90 billion into markets. And Trump is now talking about a future where tariffs, not paychecks, fund the government. Congressional action will not be necessary. It's already time tested and approved. And as time goes by, I believe the tariffs paid for by foreign countries will, like in the past, substantially replace the modern day system of income tax, taking a great financial burden off the people that I love. Now imagine opening your pay stub and not seeing federal income tax missing from it. This is not a small policy tweak. This is a tax revolution. Now, before cable news either panics or pretends like this is not happening, we're going to go ahead and break this down clearly calmly. And yes, maybe with a little sarcasm along the way. But look, if you want real economic shifts explained without all the nonsense, make sure you're subscribed to the channel. And if by the end of the video, if you feel like you're more informed than you were when you walked in, be sure to tap the like button on the way out. Totally appreciate you guys. All right, so here's what just changed the temperature in Washington. President Donald J. Trump, he didn't just tweak a tax bracket. He didn't just adjust a deduction. He said tariffs could replace the income tax. This is not a small edit. This is a system rewrite. So right now, when you get paid, the IRS reaches into your paycheck first before you even see it, before you get to spend it, before you save it. Trump is saying, look, what if the United States government funded itself differently? What if foreign goods paid the bill instead of your wages? That's the pitch, guys. And so whether you love him or hate him, that sentence alone is political lightning. Because let's be honest, guys, imagine your paycheck without federal income tax taken out, right? Just imagine that. Would you even need the IRS? Remain in place under fully approved and tested alternative legal statutes. And they have been tested for a long time. They're a little more complex, but they're actually probably better, leading to a solution that will be even stronger than before. Congressional action will not be necessary. It's already time tested and approved. And as time goes by, I believe the tariffs paid for by foreign countries will, like in the past, substantially replace the modern day system of income tax, taking a great financial burden off the people that I love. This is why this went viral. Not because of some policy details. Because of the emotional trigger. No more IRS. That hits working people immediately. This hits small business owners. It hits families. It hits retirees. Folks who are living on Social Security. Washington hears revenue shift. Americans hear more money in my pocket. And this is why this conversation ain't going away any time soon. So now, here's where this gets interesting. The United States government did not always run on income taxes. Before 1913, before the Income Tax Amendment, the federal government was funded mostly through tariffs. So, this really isn't even a new suggestion. This is kind of like retro. So, tariffs are taxes on imported goods. Back in 1913, when income tax first appeared, it was tiny. It was itty-bitty. 0% under $3,000. 1% above that. 7% after the very top. That's it. Now, adjusted for today's dollars, you'd pay zero federal income tax under roughly $100,000 in income. 1% above that. 7% if you're ultra-wealthy. Why? Because government spending was smaller then. Way smaller. No massive federal bureaucracy. No modern welfare system. No trillion-dollar deficits. Government was leaner. But today, oh, it's a completely different story. Federal government spends about $7 trillion a year. But back then, not even close to that. So, when Trump references the tariff era, he's not actually inventing something new. He's pointing backwards. Despite the disappointing ruling, these powerful countries saving. It's saving our country, the kind of money we're taking in. Peace protecting. Many of the wars I settled was because of the threat of tariffs. I wouldn't have been able to settle them without. We'll remain in place under fully approved and tested alternative legal statutes. And they have been tested for a long time. They're a little more complex, but they're actually probably better, leading to a solution that will be even stronger than before. Congressional action will not be necessary. It's already time-tested and approved. And as time goes by, I believe the tariffs paid for by foreign countries will, like in the past, substantially replace the modern-day system of income tax, taking a great financial burden off the people that I love. Right? Moving forward, factories, jobs, investment, and trillions and trillions of dollars will continue pouring into the United States of America because we finally have a president who puts America first. I put America first. So the question isn't whether America ever ran on tariffs, it's whether modern America with modern spending can. So this is where the situation kind of drifts off to a different direction. Now, last year, 2025, President Donald J. Trump, he didn't ease into tariffs. He went big. As they say, go big or go home, right? Sweeping tariffs, broad, aggressive. Countries around the world felt it. Markets reacted fast. Stocks moved. Commentators panicked. Cable news, they had a field day with it. And then came the twist. The Supreme Court of the United States stepped in. They ruled that the specific legal authority Trump used to impose those tariffs didn't allow him to go that far. Wrong tool, wrong statute. So what did Trump do? He pivoted. Different authority, different law, same objective, a global 15% tariff. President Trump announced he is increasing global tariffs to 15%. He originally imposed 10% global tariffs after the Supreme Court ruled his sweeping tariffs violated federal law. So President Trump says he will raise to 15% the temporary global tariff rate on imported goods. Now, those comments came after America's top court on Friday ruled that his flagship global tariff policy was illegal. The court saying that he'd overstepped his presidential powers. Let's have a look at that post on Truth Social there. Now, the president was in the West Wing yesterday after the court made that decision. And he said that he was going to implement a 10% global tariff. Now, that would only be valid for 150 days. So take us through to the summer. But he's now said that he wants that to increase to the level of 15%. Says during the next short number of months, the Trump administration will determine and issue the new and legally permissible tariffs. He says the administration will continue what he describes as an extraordinarily successful process of making America great again. So some Republican justices didn't vote in favor of the president's tariff policy. But speaking on social media, the president praised those three justices who went in his favor. He said my new hero is the US Supreme Court Justice Brett Kavanaugh, and of course, Justices Clarence Thomas and Samuel Alito. This is not chaos. This is legal chess. Now, here's what people are missing. This wasn't just about trade. It was about revenue. Tariffs aren't just leverage their income streams. And if tariffs grow large enough, they start competing with the income tax revenue. This, my friends, this is exactly why this matters. And so now I want to slow down just for a second because big promises are exciting, but math doesn't care about your excitement. Okay? Now, in 2025, the United States government collected around $5.25 trillion in total tax revenue. It spent about $7 trillion. So that's about a $2 trillion gap right there. Now, here's the key I want you to focus on. Income taxes alone brought in roughly $2.6 trillion. Tariffs? Around $200 billion. That is a 10 to 1 difference. So right now, a 15% global tariff does not replace the income tax, not even close. Okay? To fully replace income taxes through tariffs, you need dramatically higher rates, massive structural shifts, big consequences, and then there's the deficit. Even if tariffs doubled or even tripled, the spending problem is still sitting there. So this is where the debate gets real. Is this about full replacement or is this about leverage? Because today, the math doesn't erase the IRS, but the direction absolutely challenges it. And let me pause right here for a second because this is where everyday money reality hits. We're talking about trillions of dollars in federal revenue. Now, most families, they're not dealing in trillions of dollars. They're just trying to keep an extra $1,000 a year. Now, I recently spoke to a couple who assumed that their Medicare plan was fine. No red flags, no complaints, until a simple review with Chapter showed that they were wasting about $1,200 a year. $1,200. And they said something that stuck with me. We needed that money more than the insurance company did. And they're right. If the federal government is fighting over revenue streams, shouldn't you make sure that yours isn't leaking? Chapter helps put wasted Medicare money back in your life through better coverage without the guesswork. You would agree that there's no reason to overpay for something you already have to carry, right? And if you could redirect an extra $1,200 a year back into your household, that actually matters, doesn't it? Now, most people, they're already dialing the phone number at the bottom of your screen right here, 909-563-8279, or they're clicking the link down below right now to go to askchapter.org slash Ron. So let's get back to the bigger shift in Washington. Okay. Here's what happened quietly on December 31st, 2025. The tax cuts from 2017 were scheduled to expire. If nothing passed, taxes were going up for most people. Enter president Donald J. Trump and the so-called one big beautiful bill act. He extended the lower rates. This means in 2026, instead of a tax hike, most Americans avoided one. Now here's the part that people miss. The rates didn't necessarily drop, but the income thresholds expanded. So you can earn more money before moving into the next higher tax bracket. That's subtle, but it's very powerful. So what it means is it means that there's a little bit more breathing room. More income is taxed at the lower percentages. So for example, let's just say you're single. The 10% bracket now stretches higher, same with the 12%, the 22%, the 24% brackets. This is not flashy. It doesn't scream revolution, but it keeps money from automatically sliding into higher tax territory. And this is huge, actually. And politically, this is strategic because while Washington debates eliminating income tax entirely, the bill quietly made sure most Americans didn't see their tax bill jump in 2026. This is stabilization, not chaos. So now this is where it gets interesting because the bill didn't just extend rates. It added perks. Now let's stack them. First, no tax on tips, up to $25,000 if you make under $150,000. Temporary, yes, through 2028, but it's still real. Second, no tax on overtime income, up to $12,500 single, $25,000 married, filing jointly. Now again, income limits apply. Third, car loan interest deduction, up to $10,000. But here's the kicker. The car must be assembled in the United States. This is tax policy as industrial policy. Buy American, get a deduction. Fourth, larger standard deduction. Single filers get more, married doubles. Fifth, seniors over 65 get a $6,000 bonus deduction phased by income. And finally, business meals got tightened. Companies can't write off employee lunches like before. So what does this look like? Layered incentives, workers, seniors, domestic manufacturing, investors. It's not a single headline change. It is a pattern. When you combine these with tariff discussions, you see the shape of the strategy. Now let's shift the gears a bit here because what corporations and investors are seeing in 2026, this is just as important. Now this part doesn't get headlines, but it should. Corporate tax rates. Right now, under the one big beautiful act, corporate taxes stay at 21%. If the bill had expired, they would have jumped to 35%. Now that is not small. That is massive. Let me just explain this simply, okay? Imagine a company makes $100,000 in profit. At 21%, it's paying $21,000 in taxes. At 35%, it would pay $35,000. That is a $14,000 difference on only $100,000. Now if you scale that up to the billions of dollars, now here's something most people don't realize. Corporations are taxed twice. First, the company pays tax. Then if the owner takes money out, they pay personal income tax. Again, this is called double taxation. So keeping corporate tax at 21% means companies keep more capital inside the business. So what do they do with extra capital? Well, some hire, some expand, some invest in technology, some buy back stock. Really kind of depends on the leadership and their strategy. But the key is this. The tax burden didn't rise. And in a world of uncertainty, stability itself becomes powerful. I can already tell you right now, if taxes had jumped from 21% to 35%, you would expect a wave of layoffs. Because the businesses, they would have had a huge impact to their bottom line. First thing they look to cut is overhead. Now, this is the part that the average worker rarely hears about. Investment taxes, capital gains. In 2026, those brackets nudged upward. You can earn more investment income before hitting higher rates. And those rates are 0%, 15%, 20%. You notice something? They're lower than the top income tax rates. That's not an accident. The system rewards ownership. Now, look at retirement accounts. IRA contribution limits went up as well. HSA limits went up. 401k limits increased. SEP IRA limits increased. So there's more room to invest. Why does this matter? Because markets run on supply and demand. More money flowing into retirement accounts, more demand for stocks, more demand, upward pressure. Now, combine that with the corporate taxes staying low. Then you start to see a pattern. The incentives lean toward investing, not just working. Ownership over wages. And historically, that matters. Now, I want to go ahead and strip away all the noise. Over the last 50 years, America has seen about 10 major tax changes, six major tax cuts, four major tax hikes. So what happened to the stock market? Here's the part that really surprises people. During the six big tax cuts, five of them were followed by market gains within 12 to 24 months. One exception was in 2018 during President Donald J. Trump's first term when tariff tensions caused volatility. Now, here's a twist. During the four major tax hikes, the market also went up every time. So what does this tell us? Markets don't move purely because taxes change. They move on growth, liquidity, confidence, capital flow. And long term, the market trends upward. 16 recessions in 100 years, 25 market crashes. And yet, the overall direction of the market has still been up. Now, this is not hike. This is history, which leads to the uncomfortable question. If markets rise regardless, is this tax revolution about markets or is it about power? Now, let me ask you something. If markets trend up over time, wouldn't it be nice if your biggest monthly expense disappeared over time too? Now, most homeowners think paying off a mortgage early means one of three painful things, dumping every spare dollar into the loan, living on rice and beans for years, or taking huge financial risks to earn more money. You don't want to do that, and you shouldn't have to, right? What if eliminating your mortgage in just a few years instead of 30 didn't require extreme sacrifice or gambling your future? Because the real pain isn't the house, it's the feeling of sending that massive payment every month for decades. Imagine waking up with no mortgage, no 30-year leash around your neck, just ownership. Well, I built a simple 4-step framework that shows homeowners how to do exactly that. Click the Mortgage Eliminator link down below and see exactly how it works. Alright, so we gotta ground this, okay? Even if federal income tax shrinks, payroll taxes remain, Social Security, Medicare, sales taxes remain. You feel those every time you shop. Property taxes remain, especially if you live in states like New York or California. Corporate taxes remain. Capital gains taxes remain. So, does the IRS disappear overnight? No. Could it shrink if income tax revenue declines? Oh, possibly. But a full elimination of the IRS? That would require structural changes far beyond tariffs alone. Congressional cooperation, budget restructuring, spending reductions. Because remember, the United States government still spends about $7 trillion annually. That doesn't evaporate. So, when you hear no more IRS, understand the nuance here. This is pressure. This is negotiation. This is restructuring conversation. It's not a magic wand, but it is still a directional shift. And speaking of direction, something else happened quietly in February that almost nobody's talking about right now. On February 5th, 2026, the U.S. Treasury Department confirmed something most people missed. The Federal Reserve Bank had already pumped $90 billion into markets to stabilize volatility. $90 billion. And they weren't slowing down either. No pause. So, while Washington debates tariffs versus income taxes, the central banking system is injecting liquidity into the financial system. That matters. Because liquidity moves markets. Liquidity smooths volatility. Liquidity buys time. So, when you combine that with corporate tax stability, expanded retirement contribution limits, and capital gains brackets favoring investors, you start to see a coordination here. Not conspiracy. Coordination. Economic guardrails. This is not a government stepping back. This is a government actively managing transition. And so, whether you agree with it or not, you can't ignore the timing. Tariff expansion. Tax extension. Fed liquidity support. That's not random. This is structure. Which brings us to the final question. Is this truly a tax revolution? Or is this strategic leverage? So, here's the honest truth, folks. Replacing income tax entirely with tariffs? Right now, the math doesn't support it. But reshaping the tax system? This is already happening. Tariffs are leverage. They pressure trade partners. They generate revenue. They still shift negotiating power. The one big beautiful act stabilizes the rates. Corporate taxes stayed at 21%. Investors got more room. Retirement accounts expanded. Tipped income and overtime relief signaled political messaging. Working Americans first. And at the same time, the Federal Reserve Bank supports markets. The U.S. Treasury Department manages liquidity, and the broader message becomes clear. This is not about eliminating the income tax. This is about shifting incentives. Less emphasis on wage tax-facing growth. More emphasis on ownership. More emphasis on investment. More emphasis on capital. So now, does that mean that the IRS disappears tomorrow? No. But is the conversation about the structure of taxation changing? Oh, absolutely. And so, when conversations shift at the federal level, especially under a sitting president like Donald J. Trump, policy direction often follows. So, here's a key takeaway. Don't panic. Don't blindly celebrate. Understand the mechanics. The system rewards those who understand it. Now, if this breakdown helped you see the bigger picture a little bit more clearly, make sure you're subscribed to the channel. And if you got value out of it, be sure to leave a like on the way out. I totally appreciate you. Because whether income tax disappears or not, the rules are evolving. And in 2026, evolution matters.