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To: central_va

No, you did not!

And, while I am not opposed to tariffs, what makes you think a tariff on imported goods will generate enough money to support the Fed?

Over time, as the US economy revives, the FAIRtax rate will be reduced because the leviathan federal government will shrink.


46 posted on 08/06/2022 6:49:00 AM PDT by Taxman (SAVE AMERICA!)
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To: Taxman; central_va

As an interesting aside, President Trump repeatedly spoke of the tariffs he imposed on goods from China and the EU. I think maybe the EU tariffs were rescinded or never went in to effect.

But, the China tariffs were in actuality a tax increase ultimately borne by American consumers. The tariffs were collected by U.S. Customs on entry of the goods into the country. Although the President said over and over that China paid the tariffs that was simply not true. The American importer paid the tariff tax and that was passed on to the ultimate consumer.

China did not pay the tariffs. Perhaps China made adjustments to the currency or other such to protect local vendors, but China did not pay the amounts due to American customs.

The China tariffs were a tax increase that went directly into the general treasury


49 posted on 08/06/2022 7:04:25 AM PDT by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day)
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To: Taxman
And, while I am not opposed to tariffs, what makes you think a tariff on imported goods will generate enough money to support the Fed?

It would support the discretionary spending. The parole tax, to cover SS & MC, would unfortunately have to remain in place (for now).

76 posted on 08/06/2022 2:53:32 PM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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