President Donald Trump has recently floated a groundbreaking idea: eliminate federal income tax altogether, potentially replacing it with tariffs, consumption-based taxes, or other revenue sources.This idea has majorly raised eyebrows, as many Americans can’t imagine a country without taxes.
But here’s a fact most people don’t realize: income tax hasn’t existed for most of American history – and that its creation is deeply connected to war, debt, and the modern financial system. On this episode of Investing in Real Estate, we’re going to discuss these intricate connections and how a country without income tax could change things.