https://www.theepochtimes.com/business/trump-says-us-may-cut-income-tax-completely-in-next-couple-of-years-due-to-tariff-income-5950969?ea_src=author_manual&ea_med=related_stories The Epoch Times
Tariffs
Trump Says US May Cut Income Tax Completely in Next Couple of Years Due to Tariff Income
The president said the tariffs imposed on foreign nations have generated substantial revenue. 
Below from the link:
President Donald Trump said on Nov. 27 that the United States could eliminate income taxes over the next couple of years due to revenue generated from tariffs.
Trump made the remarks during a Thanksgiving call with U.S. service members, saying the tariffs he imposed on foreign nations have generated substantial revenue and pushed companies to build their manufacturing facilities in the United States to avoid tariff costs.
“We're taking in hundreds of billions of dollars like we've never done before. And some of that's going to go back in a form of a sort of dividend to our people, but much of it's going to go toward reducing debt,” he said.
Over the next couple of years, I think we‘ll substantially be cutting and maybe cutting out completely, but we'll be cutting income tax, could be almost completely cutting it, because the money we're taking in is going to be so large.”
Trump said in an April 27 post on social media that Americans, particularly those earning less than $200,000 a year, might see their income taxes reduced or “completely eliminated” once his tariffs on foreign imports were implemented.
Data from the Penn Wharton Budget Model, which is based on Department of the Treasury information, showed the United States has collected more than $320 billion in customs and excise taxes as of November, up from roughly $171 billion at the same point in 2024.