$TRUMP

According to Cointelegraph, US President Donald Trump has proposed a plan to replace federal income taxes with tariffs, which could save the average American at least $134,809 over their lifetime. Research by accounting automation firm Dancing Numbers suggests that these savings could increase to $325,561 per person if state-level wage-based income taxes were also eliminated. The states that stand to benefit most from this tax break include New Jersey, New York, Connecticut, Illinois, and Massachusetts.