This market will resolve to "Yes" if the US federal income tax is eliminated between January 21 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No". For the purposes of this market, "abolishing the federal income tax" means the elimination of federal income tax obligations for individuals in the US, not merely reductions, suspensions, or alterations to tax rates, brackets, or enforcement policies. The market will not consider executive orders, temporary measures, or proposals that do not become law. The primary resolution source for this market will be official information from the US federal government, including announcements from Donald Trump and the IRS, however a consensus of credible reporting will also be used.
The income tax is the largest source of revenue for the U.S. government, funding everything from the military and Social Security to Medicare and national infrastructure. Abolishing it without a fully implemented, equally massive replacement (like a national sales tax or "Fair Tax") would instantly bankrupt the government.
12% apr
What are these crazy bond markets?
Take the money
Leaving your money on polymarket at a 7% apy. No thank you...
Better than 4-5% elsewhere
If Polymarket was a bank, sure, but I'm not sure I trust it enough to leave my money here for the extra 2%.
It's gonna happen [link removed]
good chance he flirts with the idea when income tax season comes along