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To: Toddsterpatriot

Tariffs would not completely replace income taxes right now. I would say we average 2.7 Trillion imports per year. A 20% tariff would only yield 540 billion. A 20% NRST could make up the bulk of the rest. Drastic spending cuts would be required in a balanced budget amendment with the new sales tax, higher tariffs. The killing of the 16th amendment would be in the balanced budget amendment too.


182 posted on 12/27/2013 2:47:40 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va
A 20% NRST could make up the bulk of the rest.

How much would that raise?

183 posted on 12/27/2013 2:59:47 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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