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ProfessorGAC

(76,470 posts)

5. Staggeringly Stupid Idea

Reply to imanamerican63 (Original post)

Thu Feb 26, 2026, 11:10 AM

Feb 26

The tariffs as applied, generated $175 billion. (Of course, that number comes from people I don't trust, so could be lower.)
Income taxes generated >$3 trillion in 2025! So tariffs would have to be high enough to generate 18x the money.
Thus makes it nothing more than a regressive consumption tax.

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Replacing taxes with tariffs? [View all] imanamerican63 Feb 26 OP

Tariffs were the main source of U.S. government income before the introduction of federal income tax in 1913. sop Feb 26 #1

And everyone knows tariffs are paid by the foreign countries Redleg Feb 26 #2

Impossible jonstl08 Feb 26 #3

Avoid the tariffs The Madcap Feb 26 #4

Staggeringly Stupid Idea ProfessorGAC Feb 26 #5

The poor have to pay more. They say.... the_liberal_grandpa Feb 26 #6

Just another name for a national sales tax Jersey Devil Feb 26 #7

If tariffs work in the way Trump claims, they limit the amount you can raise with them muriel_volestrangler Feb 26 #8

Tariffs are taxes LetMyPeopleVote Feb 26 #9