taxing consumption

  1. frigidweirdo

    Trump wants to eliminate income tax, but replace it with tariffs on imported goods.

    This video estimates that tariffs would have to be at 133%. This would mean that other countries would also put up tariffs on US goods. So, A) foreign goods for the US would be too expensive for people to buy B) US goods would be too expensive to sell abroad. C) This would hit the working...
    • frigidweirdo
    • Thread
    • fair share balanced budget amendment fairtax income tax tax reform taxing consumption trump
    • Replies: 716
    • Forum: Politics

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