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The income tax issue is interesting. here's the breakdown. The federal government collected about $2.2 trillion in individual income taxes in Fiscal Year 2023 — half of all government revenue. U.S. imports totaled about $3.8 trillion in 2023. Therefore, a tariff rate of 58% would have been required to offset income tax revenue that year — but only if imports remained at this level. A more realistic scenario recognizes that high tariffs would cause companies and consumers to reduce their purchases of imported goods (as these tariffs would make goods more expensive). History confirms this: when tariffs have increased in the past, import volumes have dropped as companies and consumers reduced their purchases of imported goods. Fewer import purchases means less tariff revenue. An analysis by the nonpartisan Peterson Institute for International Economics found that 50% tariffs would maximize revenue. Even so, this would only raise about $780 billion in tariff revenues — far less than the amount raised by the income tax. |
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Women whose husbands have abandoned them with kids and no prospect for a career... Homeless veterans who WANT to do better but are so screwed up from injuries to their bodies and minds, they just can't quite reach "normal" without help, and being helpless means they can't even understand how to seek help. Families who have fallen on hard times because the government laid them off, or the shop closed down, or the fire burned down their home... You're okay with forcing them to pay MORE for everything, just so you don't have to pay tax on your dividend check? |
True
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So now let's imagine all the millions of products that were not made in USA are. You can pick a date. We are told unemployment is at 4%. How many people will it require to staff all these new ventures? We can't find enough people to fill the wait staff at restaurants right now. When unemployment hits rock bottom the employee can dictate the terms of employment. They will dictate higher wages. Higher wages will also equal inflation. This scenario assumes the economy somehow doesn't crash before all the plants are built due to higher prices equal less demand (affordability) and we go into a recession. |
Buy American:
The United States imports most of its bananas from Guatemala, Ecuador, Costa Rica, Honduras, and Colombia. China is where the world gets most of its silk, with India being a distant second. If you want to buy American, you'd have to get your silk clothing and scarves from American fashion houses. You wouldn't want to get them from Marshall's, because they buy products from China and you need to not support any place that buys from China. Don't expect your New Balance shoes to be made in the states - American-made shoes are a small percentage of their selection; most of them are made in China, Indonesia, and Vietnam. While there aren't any cars in the US that are fully made in China, MOST US-made cars use components that are manufactured in China. Do you like drinking tea? Ice tea? Better stop drinking it. The vast majority of non-herbal tea in the US is imported from China. |
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Only Congress can authorize the taxes and only the President can authorize tariffs. They are clearly not the same |
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In case someone is too angry to tell, that was meant in jest. |
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See how silly such statements are yet? |
Bu American
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I am against slave labor. But the cost of living in China is approximately 50% lower than it is in the states. Minimum wage in the states does NOT cover the cost of living. But the Chinese can be paid less than the American living wage, and still be able to afford a sustainable modest lifestyle. Dairy costs significantly more in China than it does here in the States, but other than that - groceries are significantly less expensive there. While rents are around $2000/month on average here, they're only around $600/month there. Again, I'm against slave labor. I'm against child labor. But I'm all for global economics. |
Who gets the money then
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By the way, any group can tax. Your state can tax goods and they aren’t congress. Shoot, even the local government tends to get a little tax happy. |
It’s really very simple. If we have to pay more money to cover the tariffs, it’s a bad thing.
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tariffs will do and can’t do
Tariffs should cause all imported tariffed “goods” to cost more at the point of sale. For the” majority” of imported and tariffed “goods” the US does not have the manufacturing or labor infrastructure to either produce the “goods” or to produce it at current selling prices.
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Taxes pay for things that benefit the taxpayers, like infrastructure, military, police, fire depts, health care, research, public education and welfare. These are things that benefit all of us. Tariffs raise the cost of imported goods, with the hope of "leveling the playing field" so U S manufacturers can compete in the U S marketplace. While this may help U S manufacturing, the consumer will still pay more for products, regardless of place of origin. But keeping manufacturing in this country helps keep us from becoming economic slaves to manufacturing countries. |
Agree 100%. Also if a country had to pay guess who increases the price of the item!
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That is certainly one part of the spiraling domino effect that is inflation. |
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Tariffs are mostly “smoke and mirrors” and so are the so called federal employees buyout and layoffs. All sounds good and plays with a lot of Americans. However, you have to look at the Federal Budget closer to see where the most money is spent. It’s Defense programs and Entitlement programs such as S.S. and Medicare. It appears that most don’t want to touch the “entitlement programs”. The Defense Department is a slippery slope also. We cannot afford to let our military down. With inability to reduce the budget significantly and reduction of taxes being proposed we will be adding significantly to the deficit. Does anybody care about the deficit our children and grandchildren are going to face in the not too distant future? Fore.
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next time mail it
as per title - the mail service may be slower , BUT there is an exclusion up to $800 so no duty is paid nor form fees.. that's why temu and shein are so big ...
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Y’all think the sewer known as Amazon is huge?
Alibaba and others could fit them in their pockets. For decades the USPS ( which is operating in low if any profit) has been pandering to China with basically free postage once the item hits our shores. We avoid places like Walmart and Amazon aggressively since low prices have a high cost and they are strangling small businesses like our bicycle store, a 2.5 person operation for 45 years. For household goods and many items for the store we go straight to away and hook up with independent people like us. Sometimes , rarely, an Amazon fulfillment sends the item but that’s life. |
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Many years ago. Truth many many years ago, I worked for a place that sold lab equipment. Orders going overseas, often customers would tell us to remove stuff with high tarries on it and pack and bill them separate. For example if high tariff on a changer you would ship the cart and ship the charger as a separate item. We've probably all ordered stuff from China. HUH? Never paid duty. Freight free. HUH if you need to return it, the shipping is more than what you paid for the item. Used to deal with it in photo equipment, Stuff would come in the backdoor avoiding the profit of the American distributor. Stuff that needed service. People would get angry when you explained the gray market stuff they bought was not covered by warranty. |
The Federal Mafia is forcing UPS to be a tax collector for the State. The UPS service charge is appropriate.
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Tariff
Why in the world would you order from the company on line, when you can buy it already here?
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You can’t cut SS
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Social Security funds were loaned by all of us to the US government for safe keeping and interest baring purposes. The funds need to be paid back to all who loaned their money in good faith to the US government under the guise of Social Security. I’m not really sure how the government could ever get by with saying they can’t pay us back just because they misspent the funds. The credibility of the US government, its finances and the dollar would collapse if payments were stopped. There are a few outs where payments could be stopped, those payments to any SSI recipients who hadn’t worked. You can call it an entitlement or whatever you like. The money is owed to those that loaned part of their income to the US government. There basically wouldn’t be a US government if payments collapsed to the SS workers who loaned their money out to the government. The credit of the US, the dollar and everything else required for a government would fail. |
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My point is that it's not so easy to just buy American. The experts said that widespread 25% tariffs on China would cost the average American household $3,900 per year. The margins are not big enough on this stuff for the manufacturer to swallow the tariffs. They will be largely paid by the American consumer, just like a tax on these goods. |
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