Donald Trump wants to abolish income tax, cut corporate taxes, eliminate taxes on tips, overtime, and Social Security benefits, and impose tariffs to boost the US economy.

In Trump’s plan, income earners would also gain the tax-free benefit, a change that could destabilize the Social Security trust funds that pay out the benefits. Therefore, Razi believes a more prudent approach would be to impose a means test to qualify for the Social Security tax exemption instead of eliminating it entirely.

President Donald Trump pitched the idea of eliminating the federal income tax entirely to instead tariff and tax foreign nations "to enrich our citizens."

President Donald Trump is calling for the elimination of federal income tax, advocating for a shift to a tariff-based revenue system. He argues that this approach, which he says previously made the US “richer” and a more “powerful” economy,