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Started By
Message
re: Trump: Tariffs Could Replace Income Tax
Posted on 9/3/25 at 12:30 pm to RogerTheShrubber
Posted on 9/3/25 at 12:30 pm to RogerTheShrubber
quote:
So tariffs are revenue, not an impetus to return mfg.
Not mutually exclusive ie it can be both.
But you already know that you tds intellectually dishonest retard. You can be as bad as slowfloretard but thankfully you don’t post as much anymore
3
Posted on 9/3/25 at 12:31 pm to HailHailtoMichigan!
quote:
Trump is right that prior to 1913, tariffs were sufficient to cover the federal budget
What he doesn’t seem to understand though, is that the federal budget was tiny in 1913. A literally fraction of a fraction of what it is today. There is no way tariff revenue can fund the current behemoth
Lets do tariffs for 4 years...get the 4 year running average of tariff revenue, and that will be new budget cap
Posted on 9/3/25 at 12:31 pm to RogerTheShrubber
quote:
Thats far more than just simply using tariffs.
Trump did not say that. I could easily burn down that strawman too.
Posted on 9/3/25 at 12:31 pm to Seldom Seen
quote:
there was no Federal Reserve Bank.
Posted on 9/3/25 at 12:31 pm to Sweep Da Leg
quote:
Not mutually exclusive ie it can be both.
Nah, if youre producing robust tariff revenue it means people are still willing to pay more for imported products and those plants are not coming back.
Posted on 9/3/25 at 12:32 pm to Sweep Da Leg
quote:
Not mutually exclusive ie it can be both.
Funny how liberals are so fixated on things being non-binary & fluid... until it comes to their TDS.
Posted on 9/3/25 at 12:32 pm to HailHailtoMichigan!
quote:
fund the current behemoth.
Then lets put the behemoth on a diet... crash diet...
Posted on 9/3/25 at 12:33 pm to VoxDawg
Free beer tomorrow!
Posted on 9/3/25 at 12:33 pm to VoxDawg
quote:
President Trump says tariffs could replace federal income tax.
Posted on 9/3/25 at 12:34 pm to VoxDawg
quote:
until it comes to their TDS
Posted on 9/3/25 at 12:34 pm to RogerTheShrubber
Considering that around 25% of the cost of every product purchased at the retail level is simply embedded corporate income taxes that are passed along the distribution chain until it's ultimately paid by the consumer, the argument that goods would cost more is some serious misrepresentation.
Posted on 9/3/25 at 12:34 pm to VoxDawg
We are going to fund the federal government with tariffs that will incentivize companies to bring back manufacturing so that we no longer have to buy from overseas....and therefore not pay tariffs to fund the federal government.
Posted on 9/3/25 at 12:35 pm to VoxDawg
Kill the income tax system and go to a consumption tax system (which is what a tarrif is).
It's the better model and the consumption tax system can be adjusted to provide the same revenue generated by the income tax system.
It's the better model and the consumption tax system can be adjusted to provide the same revenue generated by the income tax system.
Posted on 9/3/25 at 12:36 pm to TrueTiger
quote:
It's the better model and the consumption tax system can be adjusted to provide the same revenue generated by the income tax system.
Ultimately, I believe this is where he's going with it.
Baby steps. The American people are, collectively, not very quick on the uptake.
Posted on 9/3/25 at 12:37 pm to VoxDawg
quote:
Trump: Tariffs Could Replace Income Tax
Currently, income taxes generate roughly $2.5 TRILION
Currently, tariffs are generating around $30 billion per month, or $360 billion a year
Tariffs would have to substantially increase substantially to do this.
But, but, we can eliminate income taxes for those making less than $150k. great, what we need are fewer people with skin in the game.
I mean, math doesn't seem to be a thing.
Posted on 9/3/25 at 12:37 pm to TrueTiger
quote:
Kill the income tax system and go to a consumption tax system (which is what a tarrif is).
That would require amending the constitution.
Posted on 9/3/25 at 12:38 pm to VoxDawg
quote:Including Trump!
Again, the presumption is that we should be spending the money that we already are, at the federal level.
Many reject that premise.
Posted on 9/3/25 at 12:38 pm to ThuperThumpin
quote:
We are going to fund the federal government with tariffs that will incentivize companies to bring back manufacturing so that we no longer have to buy from overseas....and therefore not pay tariffs to fund the federal government.
Details.
Posted on 9/3/25 at 12:39 pm to Ten Bears
quote:
Currently, tariffs are generating around $30 billion per month, or $360 billion a year
That number is low, per Bessent. Almost to the tune of 30% low.
Loading Twitter/X Embed...
If tweet fails to load, click here.Posted on 9/3/25 at 12:39 pm to Flats
quote:
Details.
We could always tariff our exports being that tariffs create magic money
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