[GraceG]

[ “But we should go ahead and raise the import tariffs”

You are in favor of raising taxes? No thanks.

No one if forcing anybody to buy Chinese products. ]

Import tariffs are more in line with the founders than an income tax...

We should end the income tax and put a 10% tariff on all imported goods. If the government doesn’t have enough money they should budget for their damn income.

[Smokin' Joe]

We should end the income tax and put a 10% tariff on all imported goods. If the government doesn’t have enough money they should budget for their damn income.

Bears repeating, IMHO.

[Zhang Fei]

Import tariffs are more in line with the founders than an income tax... We should end the income tax and put a 10% tariff on all imported goods. If the government doesn’t have enough money they should budget for their damn income.

We imported $2.4T worth of goods and services in 2012. Federal tax revenues were $2.5T in 2012. The tariff would have to be closer to 100% to eliminate the income tax, and in reality, closer to 200% to account for the reduction in imports resulting from the tariffs. Brazil has import tariffs of 100% on imported Iphones and still has an income tax.