President Trump suggested Americans won't have to pay personal income taxes "in the not-too-distant future" because of rising U.S. tariffs.

The federal income tax brought in about $2.4 trillion in 2024, which is more than 14 times what Trump’s second-term tariffs are generating.

President Donald Trump is again dangling a tantalizing promise in front of voters: tariffs so large and lucrative that Americans could see their federal income tax rate fall all the way to zero. The idea pairs a simple villain,

President Donald Trump has long praised tariffs as key to increasing wealth in the United States, idealizing Gilded Age policies that preceded the implementation of a modern federal income tax.

PolitiFact | The federal income tax brought in about $2.4 trillion in 2024, which is more than 14 times what Trump’s second-term tariffs are generating.

It’s not clear how that would work or if Trump could afford to do so without worsening the national debt, which he claims his tariffs will also cut.

PALM BEACH, Florida (Reuters) -U.S. President Donald Trump said on Thursday his administration may slash income tax completely over the next couple of years because of government revenue generated from tariffs.

This article originally appeared on PolitiFact.com. President Donald Trump has recently claimed his tariffs will generate so much money that Americans could soon stop paying federal income taxes. But experts say he's overpromised.

The U.S. retail real estate sector continues to demonstrate resilience—store openings are on track to outpace closures by roughly 1,000 locations this year, and vacancy rates hover near historic lows at 4.

The Heritage Foundation's EJ Antoni joined 'Fox & Friends First' to discuss how President Donald Trump can tackle affordability as he takes his economic message to residents in Pennsylvania.