April 2: The Day Trump Kills The IRS? ( ERS 'Liberation Day' Explained) | 1457

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 1 April 2025

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode unpacks the rumors and facts surrounding the potential abolition of the IRS and the introduction of the External Revenue Service (ERS) by the Trump administration. It clarifies misconceptions about how tariffs work, their impact on everyday costs, the limitations of replacing income taxes with tariffs, and the potential economic implications. Viewers are urged to reconsider delaying their tax filings based on these changes and to stay informed about the upcoming announcement on April 2nd, dubbed American Liberation Day. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is Terio Media.
0:04.0	Hey, strap in!
0:07.0	It's time for the epic real estate investing show.
0:10.0	We'll be your guides as we navigate the housing market, the landscape of creative financing strategies, and everything you need to swap that office chair for a beach chair.
0:19.0	If you're looking for some one-on-one help, meet us at
0:21.7	rei-aise.com. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. No more tax. People think
0:30.7	the IRS disappears tomorrow. This is crazier than I thought. I mean, you've seen the tweets. No IRS,
0:35.6	tariffs only, massive money pouring in, but what's
0:38.8	actually changing?
0:40.0	Well, let's unpack the truth before tomorrow's big news hits.
0:43.2	April 2nd is what the Trump team calls Liberation Day.
0:46.2	Some are even putting off their taxes because they think the IRS might go away.
0:50.2	And here's why.
0:51.0	During his inauguration, Trump announced,
0:53.2	Instead of taxing our citizens to enrich other countries,
0:57.1	we will tariff and tax foreign countries to enrich our citizens.
1:08.1	For this purpose, we are establishing the external revenue service.
1:15.6	Commerce Secretary Howard Lutnik just called tomorrow.
1:19.6	And that's American Liberation Day. That's the day when the rest of the world starts to treat America with respect. Through this new ERS program. April 2nd is when the rest of the world starts to treat America with respect
1:28.0	through this new ERS program.
1:30.0	April 2nd is when the reciprocal tariffs are scheduled to go into effect.
1:34.2	So here's what you need to know. First, what is the ERS?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Matt Theriault, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Matt Theriault and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.