Tariffs were $80B/year last year. Increasing it to $500B combined with cuts in waste, fraud and adding tariffs would offset income tax.

Eliminating individual income tax would mean the IRS could be eliminated and replaced with another less costly agency. This would save $10 billion from a $12-13 billion annual budget. Having a blockchain financial, accounting and payments system could eliminate Ghost Beneficiaries. Blockchain can ensure that aid programs, pensions, and Social Security are received only by eligible individuals, reducing fraud. In 2022 alone, there were $13.6 BILLION of "improper" Social Security payments.

Cutting the taxes would boost economic growth.

Taxfoundation (dot org) has growth and opportunity tax plans that are pro-growth. Hyper efficient, simple rules and reduced tax levels without deficits would boost growth and lower interest rates. MASSIVE ECONOMIC BOOM means more taxes from distributed profits.

Blockchaining government spending would make audits easy and spending transparent. This could be $30B/year in benefit on just accounting and reduced waste and fraud.

No Individual Income Tax. No IRS. Big Spending Cuts Scenario

Eliminate Individual Income Tax: As before, all federal individual income taxes are abolished (representing roughly $2 trillion in lost revenue).

Spending Cuts: $2 trillion in annual spending cuts.

Interest Rate Reduction: Interest rates are reduced enough to halve the interest payments on the national debt. Current interest payments are approximately $680 billion so a reduction means savings of about $340 billion.

Strong economic growth would mean good economy for jobs. Reducing the competition for debt would reduce interest rates.