Tariffs would be a feature of a Trump Presidency.
Exactly why I posted this! The Federal Gov't was lots smaller and was funded primarily by tariffs until the 1913 era when we got the double whammy of the Federal Reserve Bank and the Federal income tax which originally was just 1%. Other Federal funding came from taxes on alcohol, tobacco and fire arms. The ATF enforced these taxes. ATF collected these taxes as part of the Treasury Department and still does..
| U.S. Historical Tariffs (Customs) Collections by Federal Government (All dollar amounts are in millions of U.S. dollars)[1][2][3][4][5][6] |
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| Year | Tariff Income |
Budget % Tariff |
Federal Receipts |
Income Tax |
Payroll Tax |
Average Tariff |
| 1792 | $4.4 | 95.0% | $4.6 | $- | $- | 15.1% |
| 1795 | $5.6 | 91.6% | $6.1 | $- | $- | 8.0% |
| 1800 | $9.1 | 83.7% | $10.8 | $- | $- | 10.0% |
| 1805 | $12.9 | 95.4% | $13.6 | $- | $- | 10.7% |
| 1810 | $8.6 | 91.5% | $9.4 | $- | $- | 10.1% |
| 1815 | $7.3 | 46.4% | $15.7 | $- | $- | 6.5% |
| 1820 | $15.0 | 83.9% | $17.9 | $- | $- | 20.2% |
| 1825 | $20.1 | 97.9% | $20.5 | $- | $- | 22.3% |
| 1830 | $21.9 | 88.2% | $24.8 | $- | $- | 35.0% |
| 1835 | $19.4 | 54.1% | $35.8 | $- | $- | 14.2% |
| 1840 | $12.5 | 64.2% | $19.5 | $- | $- | 12.7% |
| 1845 | $27.5 | 91.9% | $30.0 | $- | $- | 24.3% |
| 1850 | $39.7 | 91.0% | $43.6 | $- | $- | 22.9% |
| 1855 | $53.0 | 81.2% | $65.4 | $- | $- | 20.6% |
| 1860 | $53.2 | 94.9% | $56.1 | $- | $- | 15.0% |
| 1863 | $63.0 | 55.9% | $112.7 | $- | $- | 25.9% |
| 1864 | $102.3 | 38.7% | $264.6 | $- | $- | 32.3% |
| 1865 | $84.9 | 25.4% | $333.7 | $61.0 | $- | 35.6% |
| 1870 | $194.5 | 47.3% | $411.3 | $37.8 | $- | 44.6% |
| 1875 | $157.2 | 54.6% | $288.0 | $- | $- | 36.1% |
| 1880 | $184.5 | 55.3% | $333.5 | $- | $- | 27.6% |
| 1885 | $181.5 | 56.1% | $323.7 | $- | $- | 32.6% |
| 1890 | $229.7 | 57.0% | $403.1 | $- | $- | 27.6% |
| 1900 | $233.2 | 41.1% | $567.2 | $- | $- | 27.4% |
| 1910 | $233.7 | 34.6% | $675.2 | $- | $- | 15.0% |
| 1913 | $318.8 | 44.0% | $724.1 | $35.0 | $- | 17.6% |
| 1915 | $209.8 | 30.1% | $697.9 | $47.0 | $- | 12.5% |
| 1916 | $213.7 | 27.3% | $782.5 | $121.0 | $- | 8.9% |
| 1917 | $225.9 | 20.1% | $1,124.3 | $373.0 | $- | 7.7% |
| 1918 | $947.0 | 25.8% | $3,664.6 | $2,720.0 | $- | 31.2% |
| 1920 | $886.0 | 13.2% | $6,694.6 | $4,032.0 | $- | 16.8% |
| 1925 | $547.6 | 14.5% | $3,780.1 | $1,697.0 | $- | 13.0% |
| 1928 | $566.0 | 14.0% | $4,042.3 | $2,088.0 | $- | 13.8% |
| 1930 | $587.0 | 14.1% | $4,177.9 | $2,300.0 | $- | 19.2% |
| 1935 | $318.8 | 8.4% | $3,800.5 | $1,100.0 | $- | 15.6% |
| 1940 | $331.0 | 6.1% | $5,387.1 | $2,100.0 | $800.0 | 12.6% |
| 1942 | $369.0 | 2.9% | $12,799.1 | $7,900.0 | $1,200.0 | 13.4% |
| 1944 | $417.0 | 0.9% | $44,148.9 | $34,400.0 | $1,900.0 | 10.6% |
| 1946 | $424.0 | 0.9% | $46,400.0 | $28,000.0 | $1,900.0 | 7.7% |
| 1948 | $408.0 | 0.9% | $47,300.0 | $29,000.0 | $2,500.0 | 5.5% |
| 1950 | $407.0 | 0.9% | $43,800.0 | $26,200.0 | $3,000.0 | 4.5% |
| 1951 | $609.0 | 1.1% | $56,700.0 | $35,700.0 | $4,100.0 | 5.5% |
| 1955 | $585.0 | 0.8% | $71,900.0 | $46,400.0 | $6,100.0 | 5.1% |
| 1960 | $1,105.0 | 1.1% | $99,800.0 | $62,200.0 | $12,200.0 | 7.3% |
| 1965 | $1,442.0 | 1.2% | $116,800.0 | $74,300.0 | $22,200.0 | 6.7% |
| 1970 | $2,430.0 | 1.3% | $192,800.0 | $123,200.0 | $44,400.0 | 6.0% |
| 1975 | $3,676.0 | 1.3% | $279,100.0 | $163,000.0 | $84,500.0 | 3.7% |
| 1980 | $7,174.0 | 1.4% | $517,100.0 | $308,700.0 | $157,800.0 | 2.9% |
| 1985 | $12,079.0 | 1.6% | $734,000.0 | $395,900.0 | $255,200.0 | 3.6% |
| 1990 | $11,500.0 | 1.1% | $1,032,000.0 | $560,400.0 | $380,000.0 | 2.8% |
| 1995 | $19,301.0 | 1.4% | $1,361,000.0 | $747,200.0 | $484,500.0 | 2.6% |
| 2000 | $19,914.0 | 1.0% | $2,025,200.0 | $1,211,700.0 | $652,900.0 | 1.6% |
| 2005 | $23,379.0 | 1.1% | $2,153,600.0 | $1,205,500.0 | $794,100.0 | 1.4% |
| 2010 | $25,298.0 | 1.2% | $2,162,700.0 | $1,090,000.0 | $864,800.0 | 1.3% |
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| Notes: All dollar amounts are in millions of U.S. dollars Income taxes include Individual and Corporate taxes Federal expenditures often exceed Revenue by temporary borrowings. Initially the U.S. Federal Government was financed mainly by customs(tariffs Average Tariff Rate % = Customs Revenue/ cost of Imports (goods). Other taxes collected are: Income Tax, Corporate Income Tax, Inheritance, Tariffs—often called Customs or duties on imports, etc. Income Taxes began in 1913 with the passage of 16th Amendment. Payroll taxes are Social Security and Medicare taxes Payroll Taxes began in 1940. Many Federal government Excise taxes are assigned to Trust Funds and are collected for and “dedicated” to a particular Trust. Sources:
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