Tariffs v Income Taxes - I am the Dumb Guy
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Tariffs v Income Taxes

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24 Apr Tariffs v Income Taxes

Posted at 11:08h in Just a Thought by
0 Likes

According to USA Today, Mr. Trump was quoted, “There is a chance that the money form tariffs could be so great that it would replace (the income tax)”.

In addition, according to Peter Navaro, tariffs could raise up to $6 trillion over the next ten years ($6 billion), while according to the Congressional Budget Office indicates that more than $2 trillion is collected annually from US taxpayers. Is this new math or something? (When was the last time any projection the Government made was correct?)

Judging by the dismal performance of the stock market, Wall Street disagrees.

On his flailing against about income taxes, Mr. Trump lack of focus fails to address minor things in place now that were not in existence or minimal in 1913 such as infrastructure, railways, roads and our military.  Obviously, things that we “do not need” in today’s society!!

I thought flip-flops were sandals, but Mr. “Flip-Flop’ Trump is flipping on tariffs more than a burger on the grill at McDonalds.  From a 145% tariff to exempting electronics is not insignificant.

A tariff is a tax the disproportionately effects lower income earners to the benefit of those wealthy earners.

Hmm.  All this is probably about is Mr. Trump not wanting to pay income taxes.

Just a thought as I am the Dumb Guy.

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