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re: Trump said he's prepared to raise tariffs as trade war with China heats up
Posted on 7/20/18 at 2:19 pm to DavidTheGnome
Posted on 7/20/18 at 2:19 pm to DavidTheGnome
quote:
I disagree with this. A tariff is a tax, period. So are income taxes. So are sales taxes.
There is no difference other than a tariff is a specific, targeted tax. Same with your excise tax example. A tax is a tax is a tax, but this board doesn't like that word so we use the more palatable word "tariff".
But tariff describes the mechanism which is more akin to a consumption tax and consumption taxes seem to be more preferable, (e.g., Fair Tax).
Posted on 7/20/18 at 2:22 pm to GumboPot
quote:
But tariff describes the mechanism which is more akin to a consumption tax and consumption taxes seem to be more preferable, (e.g., Fair Tax).
You like that form of taxation better, fine by me. Doesn't change the fact that a tariff is a tax.
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