Robert Goulder and Joseph Thorndike of Tax Notes explore how America’s first tariffs shaped the nation’s fiscal policy and set the stage for today’s federal income tax.

The observation that tariffs cannot replace the income tax is not new. Several experts have made the same point. The math is straightforward: We cannot replace the income tax with tariffs.

If tariff refunds move forward, taxpayers could be left with the bill. Here’s how refunds work and what they could mean for ...

Tariff revenue has surged under President Donald Trump, and the White House now says the windfall could be large enough to wipe out federal income taxes for many Americans. At the same time, a Supreme ...

President Trump has floated a sweeping promise: tariffs on foreign goods so large and lucrative that Americans could stop paying federal income tax. The idea taps into deep frustration with the tax ...

This article originally appeared on PolitiFact.com.President Donald Trump has recently claimed his tariffs will generate so much money that Americans could soon stop paying federal income taxes. But ...

The Trump administration’s tariff policies are poised to deliver the largest tax increase for US households in more than three decades, according to new estimates from the Tax Foundation. With the ...

For supply siders, higher taxes are like kryptonite to an economy, discouraging businesses from investing and damping entrepreneurial activity. And yet, the economy has proved remarkably resilient ...

Kent Smetters, faculty director of the Penn Wharton Budget Model, is challenging the narrative that tariffs are a tool for protecting domestic industry. In a recent interview with Fortune, Smetters ...

ATHLETES. IT’S TIME TO GET THE FACTS TONIGHT ON PRESIDENT DONALD TRUMP’S CLAIM THAT SOON HIS TARIFFS WILL GENERATE SO MUCH MONEY THAT AMERICANS COULD STOP PAYING FEDERAL INCOME TAXES. OUR PARTNERS AT ...

Forbes contributors publish independent expert analyses and insights. Robert Goulder covers developments in U.S. and international taxation. Chief Justice John Roberts has a habit of writing for the ...