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Trump's Proposal to Abolish the IRS: Simplifying Taxes or Disaster in the Making?
6 months ago
12
Trump's proposal to abolish the Internal Revenue Service (IRS) and replace it with a new system called External Revenue Service (ERS) or Voluntary Tax System aimed at simplifying tax collection processes, reducing the burden on American citizens, and addressing perceived corruption within the current IRS.
However, this idea faced significant opposition due to concerns about revenue loss for federal government programs and potential complications in implementing a new system for collecting taxes from foreign sources.
This video discusses Trump's proposal, its benefits, drawbacks, and the debate surrounding it.
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