Trump to ABOLISH Income Taxes (If Elected)? FULL DETAILS

JOIN THE TAX-FREE WEALTH CHALLENGE NOW! AUGUST 5-9 2024!
https://join.taxalchemy.com/join-thec...

TAKING THE NEXT STEP:

Join The Tax Strategy Accelerator Community ▶ https://www.taxstrategyaccelerator.co...

Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com/?utm_sou...

Book a Professional Tax Strategy Consultation ▶ https://www.taxalchemy.com/consultati...

Watch this FREE Webinar on How to Cut Your Tax Bill in Half as a Real Estate Investor ▶ https://join.taxalchemy.com/registrat...

Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326...

In the spring of 2024, Donald Trump made some very interesting comments about key tax changes he could make if he is elected president at the end of the year. One of the most interesting of these comments is what he said about tariffs. Trump indicated he could completely replace federal income taxes with tariffs.

In this video, tax expert Karlton Dennis breaks down exactly what tariffs are, how they have been used historically, and how a tariff-only tax policy could impact everyday Americans. Many Americans do not fully understand tariffs or how they impact society. Karlton addresses these things.

At this time, it is not clear who will win the election, or whether or not Trump will stick with this tariff idea. But, it is within the realm of possibility. So, if you are someone who wants to learn more about Trump’s potential tariff-only tax policy, then this is a good video for you to watch for educational purposes.

Timecodes
0:00 Video Overview
0:45 Federal Income Taxed Replaced by Tariffs
1:19 What are Tariffs?
2:21 Are Tariffs Good or Bad
4:03 America’s History With Tariffs
4:56 Will it Work?
5:51 What Do Tariffs Mean For Us?
6:43 Other Changes to Expect

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#DonaldTrump #Election #AbolishIncomeTax