Harry Dresden
Adamantium Member
bobo that has nothing to do with the conversation......once again change the topic when you dont have an answer.....Trump's going to cause such high inflation
To bring tariff revenues anywhere close to income tax levels would seem to require hefty boosts in tariffs well beyond the 10% Trump initially proposed.
Paul Krugman, winner of the Nobel Prize in economics, gave a quick estimate in a social media post: “I’ll have to write this up in detail, but my first-pass estimate is that this would require an average tariff rate of 133 percent.”
Trump Floats One Weird Idea To Replace The U.S. Income Tax
It’s hard to see how it would work, and critics say it would hurt the poor when compared to the current tax regime.www.huffpost.com