Could we look for an end to the individual income tax? Maybe.

President Trump has talked about ending the income tax and replacing it with tariffs and spending cuts. Most people pooh-poohed that as unrealistic. But lots of Trump talk that was dismissed as unrealistic is coming true in the era of DOGE.

Blogger Brian Wang thinks it’s a realistic possibility that a the income tax could go. He writes:

Getting to $1.2 trillion of spending cuts is very doable. This could then boost GDP growth to 4-5% per year and reduce interest rates to 2-3% which would cut another $300-400 billion of interest payments.

I know people have trouble believing these things will happen but a lot of it is clearly being executed. . . .

The bills are coming from congress to officially reorganize or virtually eliminate agencies.