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What Would Trump’s Federal Income Tax Cut Mean For Crypto Traders?

  • Donald Trump proposes to replace federal income taxes with tariffs and hints at using Bitcoin to reduce national debt.
  • Trump's proposal is inspired by former President William McKinley's policies.
  • Detractors warn that tariffs could lead to inflated prices and trade disputes.
  • Ditching income tax for a Bitcoin or tariff-based system would require significant changes to the tax code and face volatility and establishment resistance.

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