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TikTokchef_abd_fattoosh
If America abolished income tax and replaced it with tariffs… here’s the brutal truth to Trump's Brain 🧠 Fart The U.S. collects $2.426 trillion a year in federal income tax. If you scrapped that and tried to make it up with tariffs, here’s what the numbers say: The U.S. imports about $4.14 trillion in goods and services a year. Imports of goods alone are about $3.27 trillion. So to replace income tax revenue, you’d need a 60 percent tariff on ALL imports, or about a 75 percent tariff on goods.
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If America abolished income tax and replaced it with tariffs… here’s the brutal truth to Trump's Brain 🧠 Fart The U.S. collects $2.426 trillion a year in federal income tax. If you scrapped that and tried to make it up with tariffs, here’s what the numbers say: The U.S. imports about $4.14 trillion in goods and services a year. Imports of goods alone are about $3.27 trillion. So to replace income tax revenue, you’d need a 60 percent tariff on ALL imports, or about a 75 percent tariff on goods.
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Costco has filed a lawsuit in the U.S. Court of International Trade against the United States, Customs and Border Protection, and its commissioner. It challenges tariffs that were imposed under Trump’s executive orders using the International Emergency Economic Powers Act (IEEPA). Costco argues that Trump’s use of IEEPA to slap on these tariffs was unlawful and says it wants a full refund of the duties it paid if the courts ultimately strike the tariffs down. The company is also suing because Cu
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Costco has filed a lawsuit in the U.S. Court of International Trade against the United States, Customs and Border Protection, and its commissioner. It challenges tariffs that were imposed under Trump’s executive orders using the International Emergency Economic Powers Act (IEEPA). Costco argues that Trump’s use of IEEPA to slap on these tariffs was unlawful and says it wants a full refund of the duties it paid if the courts ultimately strike the tariffs down. The company is also suing because Cu
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