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Created: 2025-07-21 15:00:52 UTC
Since 1913, the IRS has claimed an annual portion of Americans' hard-earned money. But that century-old tradition may be coming to an end. Jim Rickards—a 50-year government insider who has advised the CIA, Treasury, and Federal Reserve—believes President Trump is on the verge of abolishing income tax for most Americans. "Get ready," Rickards warns, "there's a realistic chance Donald Trump could axe the income tax. And investors who understand why could make a fortune in the months ahead." The average family currently pays around $XXXXXX annually to the federal government. Imagine what you could do with that extra money each year!
Trump has publicly said he will replace the income tax with tariffs.
If this were to happen, it would indeed be the news of the century.
Any stocks or other assets discussed in this podcast are for informational purposes only and do not constitute a recommendation to buy or sell any security. Please consult a qualified financial advisor before making any investment decisions, as the information provided here does not consider your personal circumstances and is not intended as specific financial advice.
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Related Topics tax for tax bracket donald trump insider money