Grant Cardone Says 'Don't Be Surprised When President Trump Eliminates The IRS'

Grant Cardone recently posted on X, "Don’t be surprised when President Trump eliminates the IRS." 

The comment sparked a flood of reactions online and renewed attention to Cardone’s longstanding criticism of the Internal Revenue Service. Cardone, a real estate mogul and social media personality, has been vocal about his dislike for the IRS and his belief that Americans should not have to pay income taxes.

Cardone’s Criticism of the IRS

Cardone has never hidden his frustration with the IRS. In a recent interview with independent reporter Nicholas Ballasy, Cardone doubled down on his stance, stating that he would never help or employ anyone from the IRS.

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"There's an exception to who I will help. There's only one group exempted from that offer: the IRS. I will not offer you a job or help. The only thing I give you is this," Cardone said while raising his middle finger.

When Ballasy pressed Cardone on whether he believes the IRS is necessary, Cardone questioned the agency’s purpose. "Do you think you benefit from me paying taxes?" he asked. "I paid $12 million last year and $40 million in property taxes. Did you get any of that money?"

Cardone argued that tax withholding is essentially the government holding onto money that belongs to Americans. He estimated that if the government stopped withholding taxes, Americans could have earned an additional $81 billion in interest over the year.

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Trump’s Proposal to Replace the IRS with Tariffs

Cardone's statement comes amid growing speculation about President Donald Trump's plans for the IRS. Trump has floated the idea of abolishing the IRS and replacing income taxes with revenue from tariffs. Commerce Secretary Howard Lutnick recently told Fox News that Trump's goal is to "abolish the Internal Revenue Service and let all the outsiders pay."

The idea is that America could generate enough revenue from tariffs on imported goods to eliminate the need for income taxes. However, economic experts have raised concerns about the feasibility of this plan.

Torsten Slok, chief economist at Apollo Global Management, explains that the U.S. collects about $3 trillion annually from income taxes. Since the U.S. imports around $3 trillion worth of goods each year, tariffs would need to be at least 100% on all imported goods to replace income tax revenue. But Slok said raising prices that high could reduce consumer demand, making it difficult to sustain revenue at that level.

"The challenge is that it is unclear what will happen to sales if all imported products double in price," Slok wrote on Apollo's website. "It may require tariffs as high as 200% on all imported goods for the total tariff revenue to replace income taxes."

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Legislative Moves to Abolish the IRS

Separately, House Republicans have introduced the Fair Tax Act of 2025, which seeks to dismantle the IRS and replace income and corporate taxes with a national sales tax. The proposal, introduced by Rep. Earl L. "Buddy" Carter (R-GA), has gained traction with some conservatives who see tariffs and consumption taxes as a fairer alternative to income taxes.

While Trump's tariff-based revenue plan aligns with the goals of the Fair Tax Act, economists warn that the strategy could hurt economic growth. Higher tariffs could lead to higher consumer prices and reduced demand for imported goods, potentially undercutting the expected revenue from tariffs.

What's Next?

Cardone's post reflects growing public interest in the future of the IRS and Trump's tax plans. However, replacing income taxes with tariffs would require significant adjustments to the U.S. economy and could face resistance from both lawmakers and consumers. Whether Trump will follow through with these plans remains uncertain — but for now, the IRS is still very much in place.

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