General Discussion

Greyhead

(139 posts) Wed Apr 30, 2025, 11:01 AM Wednesday

If tariffs are bringing in so much money

that we’re going to get rid of income taxes.
Then why is dipshit negotiating on them?
From the MeidasTouch podcast.

5 replies

= new reply since forum marked as read

Highlight:

If tariffs are bringing in so much money (Original Post) Greyhead Wednesday OP

First quarter deficit of $700Billion says otherwise to me. NoMoreRepugs Wednesday #1

At the same time tariffs are supposed to bring manufacturing back to the US lapfog_1 Wednesday #2

This is the fed taxation they wanted all along. magicarpet Wednesday #5

tRump says $2,000 million per day. Economists say $500 million per day, best case Bernardo de La Paz Wednesday #3

The Republican Budget Framework that passed the House included no tariff revenue and required $5 trillion more debt surfered Wednesday #4

NoMoreRepugs

(11,265 posts)

1. First quarter deficit of $700Billion says otherwise to me.

Reply to Greyhead (Original post)

Wed Apr 30, 2025, 11:03 AM

Wednesday

lapfog_1

(30,842 posts)

2. At the same time tariffs are supposed to bring manufacturing back to the US

Reply to Greyhead (Original post)

Wed Apr 30, 2025, 11:06 AM

Wednesday

Which, if that actually happens, would vastly reduce this tax on consumers ( no tariffs on domestic products ).

So, which is it? A way to fund the federal government or a protectionist method to return manufacturing jobs to the US? It cannot be both.

magicarpet

(18,128 posts)

5. This is the fed taxation they wanted all along.

Reply to lapfog_1 (Reply #2)

Wed Apr 30, 2025, 12:49 PM

Wednesday

* Manufacture here (as if),

* Phase out tariffs eventually,

* Enact a federal sales or consumption tax,

* eliminate the federal income tax.

This scheme has been on the "conservative" drawing board for some time now. It will cause the tax burden to shift to the middle and poorer classes. Pretty much trashing the concept of progressive taxation where the rich pay more and the poor less.

Bernardo de La Paz

(55,128 posts)

3. tRump says $2,000 million per day. Economists say $500 million per day, best case

Reply to Greyhead (Original post)

Wed Apr 30, 2025, 11:08 AM

Wednesday

2 B x 365 = 730 B per year.
0.5 B x 365 = 182 B per year.

Estimated US income taxes for 2024: more than $2,400. Not a replacement.

Tariff tax estimates are before the impending trade contraction in reaction to tariffs and retaliatory tariffs and retaliatory-retaliatory tariffs.

surfered

(6,496 posts)

4. The Republican Budget Framework that passed the House included no tariff revenue and required $5 trillion more debt

Reply to Greyhead (Original post)

Wed Apr 30, 2025, 11:36 AM

Wednesday

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