Trump still eyeing to replace income tax with tariffs. discuss.

posted 185 days ago by ApparentlyImAHeretic 185 days ago by ApparentlyImAHeretic +62 / -0

source: https://www.zerohedge.com/personal-finance/get-rid-it-trump-suggests-hell-soon-slashend-income-tax

Trump is still signaling that he wants to replace income tax with tariffs.

what are the odds this actually happens?
would it be a good thing? a bad thing? something in between?

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– TallestSkil 4 points 185 days ago +4 / -0

in a system where tariffs replace income tax, the government is funded based off of foreign trade.

Why wasn’t that the case before the income tax was implemented?

Oh right, because we also taxed exports back then, which meant all of our production remained here, rather than be sent to the rest of the world to make them stronger.

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– somercet 5 points 184 days ago +5 / -0

Article I, Section 9, Clause 5:

No Tax or Duty shall be laid on Articles exported from any State.

Article 1, Section 9, Clause 5 of the U.S. Constitution prohibits Congress from laying taxes and duties on articles exported from any state. Known as the Export Clause, it applies to taxes and duties, not user fees. The Supreme Court has interpreted the Export Clause to address shipments only to foreign countries, not shipments to unincorporated territories, such as Puerto Rico and the Commonwealth of the Northern Mariana Islands. The Court has also construed the Export Clause as requiring "not simply an omission of a tax upon the articles exported, but also a freedom from any tax which directly burdens" the process of exporting.

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