Trump: Possible someday tariffs replace income tax | Crypto Craft
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Schultz
Sep 3, 2025 9:29am
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Let's do some maths in broad numbers, back of the envelope stuff.

US Treasury revenues from income tax is about 2.4 trillion a year.

Total US imports about 3 trillion a year.

Let's assume that imports remain the same whatever tariffs are imposed.

3 trillion times 0.8 = 2.4 trillion.

Dr Navarro - 80% tariffs should do the trick, Mr Trump.

President Trump - That's great news, Peter, very great news, the greatest news I have ever heard.
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Schultz
Sep 3, 2025 9:52am
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Quoting Trader#599C
{quote} Ha you attempt to battle his bullshit with your reason and logic! The people will never stand for your wisdom, the unwashed masses want idiots just like them in charge
I was being ridiculous.

Impose 80% tariffs would nearly double the price of imports. Demand for imports would fall off a cliff.

There is no way 2.4 trillion could be raised by tariifs. Ever.
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Schultz
Sep 3, 2025 10:11am
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Quoting Jr123
{quote} Don't forget to factor in the yearly declining tariff income as more factories are built in America. Isn't that the goal. I really don't think the combined IQ of this admiration adds up to one normal brain.
Yeah. Imports would approach zero.

At least there would be no threat of inflation from tariffs. That's something.
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Schultz
Sep 3, 2025 9:49pm
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Quoting Polimini
{quote} sign an executive order demanding Americans import more, pay more tariffs, seems simple enough
Could be done by making it criminal to manufacture say dill pickles. Then they'd have to be imported from India. Bad example. Name something that America is good at making, and then that.

The US could nationalise private companies and then direct them to import components.

Emergency power doctrine. Hey, there is still over three whole years you know.

It has been happening little by little. Intel.

But you know I'm clutching at straws.
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Jr123
Sep 3, 2025 10:02am
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Quoting Schultz
Let's do some maths in broad numbers, back of the envelope stuff. US Treasury revenues from income tax is about 2.4 trillion a year. Total US imports about 3 trillion a year. Let's assume that imports remain the same whatever tariffs are imposed. 3 trillion times 0.8 = 2.4 trillion. Dr Navarro - 80% tariffs should do the trick, Mr Trump. President Trump - That's great news, Peter, very great news, the greatest news I have ever heard.
Don't forget to factor in the yearly declining tariff income as more factories are built in America. Isn't that the goal. I really don't think the combined IQ of this admiration adds up to one normal brain.
Reply
The Fool
Sep 3, 2025 10:33am
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Quoting Schultz
Let's do some maths in broad numbers, back of the envelope stuff. US Treasury revenues from income tax is about 2.4 trillion a year. Total US imports about 3 trillion a year. Let's assume that imports remain the same whatever tariffs are imposed. 3 trillion times 0.8 = 2.4 trillion. Dr Navarro - 80% tariffs should do the trick, Mr Trump. President Trump - That's great news, Peter, very great news, the greatest news I have ever heard.
Pete Navarro is probly dang near smart as Jethro Bodeen..

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The Fool
Sep 3, 2025 10:45am — Edited
Permalink
Quoting Jr123
{quote} Don't forget to factor in the yearly declining tariff income as more factories are built in America. Isn't that the goal. I really don't think the combined IQ of this admiration adds up to one normal brain.
Also don't forget to subtract the bailout money paid to multiple US industries, starting first with US agriculture. Maybe the crack econ team didn't check to see if US farmers actually need a foreign market. (About 20% of all US ag production is sold in foreign markets. Certain crops have much higher % - about 60% of US soybeans are exported, most of that to China. China has completely stopped buying US soybeans....)

With China (probably other countries also) stopping US ag imports, and a record crop incoming, corn & soybean prices have collapsed. Midwest grain elevators can not even sell last year's crop, so they have no room for this years incoming crop.

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The Fool
Sep 3, 2025 10:48am
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Quoting Trader#833D
Trump cleaning up the streets from scum in USA. Good job Trump and the team. Leftist will hate and bark, who cares, no more free money, no more crazy stuff. It is over. Back to the actual American dream. Tariffs is a tax on the other countries exporting to the USA. No, consumers will not pay for it.
Typical maga so emotionally invested in US culture war, there is no lie it will not believe. To admit any fault in anything maga is to let the "commies" win.
Polimini
Sep 3, 2025 11:05am
Permalink
Quoting Schultz
{quote} I was being ridiculous. Impose 80% tariffs would nearly double the price of imports. Demand for imports would fall off a cliff. There is no way 2.4 trillion could be raised by tariifs. Ever.
sign an executive order demanding Americans import more, pay more tariffs, seems simple enough
Reply
Schultz
Sep 3, 2025 10:00am
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Quoting Vancarbon
{quote} It’s ok , you can say the English vernacular . “ back of a fag packet “ Gives it more grit .
Whilst on a flight, an ex-Australian Prime Minister famously crunched the numbers for creating a national broadband internet service on the back of an envelope, literally.

It may be a popular myth, but one that is accepted as truth.

There are no fags allowed on Australian airlines.
Reply
PiipPool
Sep 3, 2025 10:56am
Permalink
Quoting Trader#833D
Trump cleaning up the streets from scum in USA. Good job Trump and the team. Leftist will hate and bark, who cares, no more free money, no more crazy stuff. It is over. Back to the actual American dream. Tariffs is a tax on the other countries exporting to the USA. No, consumers will not pay for it.
What free money? Lol
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ALThau
Sep 4, 2025 3:50am
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BS for one reason. Taxes are not about money, it’s about control.
Reply
Trader#713A
Sep 3, 2025 9:29am
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LOLZ.... S&P back to triple digits if this knuckle head gets a third term.

Tariffs are just TAXES ON THE PEOPLE anyway you cut it. Compare actual income from tariffs, assuming supply/demand is optimal (BWAHAHAHAHAHAHAHA) to a more transparent, consistent form of TAXATION named Income Tax.

The US will sink. Trump just does not understand Economics 101. An old wise man once told me two very important lessons:

1. Rock the Boat Today and you won't Feel the Waves Until Tomorrow - Pay close attention to this one. Economies are like big ass cruise ships. You don't turn those suckers on a dime my friend. That includes both ways, once she's turned, GOOD LUCK turning that badboy back around on a dime.

2. Fuck with the American Consumer at your own Peril. America is a consumption economy. Therefore, it's all about the consumer my friend.
Reply
Trader#599C
Sep 3, 2025 9:34am
Permalink
Quoting Schultz
Let's do some maths in broad numbers, back of the envelope stuff. US Treasury revenues from income tax is about 2.4 trillion a year. Total US imports about 3 trillion a year. Let's assume that imports remain the same whatever tariffs are imposed. 3 trillion times 0.8 = 2.4 trillion. Dr Navarro - 80% tariffs should do the trick, Mr Trump. President Trump - That's great news, Peter, very great news, the greatest news I have ever heard.
Ha you attempt to battle his bullshit with your reason and logic! The people will never stand for your wisdom, the unwashed masses want idiots just like them in charge
Reply
Trader#833D
Sep 3, 2025 10:13am
Permalink
Trump cleaning up the streets from scum in USA. Good job Trump and the team. Leftist will hate and bark, who cares, no more free money, no more crazy stuff. It is over. Back to the actual American dream. Tariffs is a tax on the other countries exporting to the USA. No, consumers will not pay for it.
Reply
Trader#BC2E
Sep 3, 2025 11:15am
Permalink
Quoting Trader#833D
Trump cleaning up the streets from scum in USA. Good job Trump and the team. Leftist will hate and bark, who cares, no more free money, no more crazy stuff. It is over. Back to the actual American dream. Tariffs is a tax on the other countries exporting to the USA. No, consumers will not pay for it.
Hahahahahahahahahahaha... Ladies and gentlemen I present to you Exhibit A ^^ of a Trump follower who has been drinking too much of his own moonshine and pickled his brain.... Only thing he has left out is GOLD, Up or down.....
Reply
Trader#A9B0
Sep 3, 2025 11:06am
Permalink
Good idea. Americans spend too much on nonsense. It's time to tie their hands. Plus huge cut for IRS headcounts. Donnie can claim Billions of Billions dollars saved. MAGA
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