Why are we still paying taxes if Trump's tariffs are so beautiful?

[GreenWave]

[Klarkashton]

1. The taxes remain with the import taxes on top of them.

There isn't going to be any tax cuts for the working class.

[GreenWave]

3. I am just trying to stir the pot for the magats.

[Bernardo de La Paz]

4. You would be in the wrong place for that. This is not a maga site and few if any read it. . . . nt

[Bernardo de La Paz]

2. Have you done the basic math (arithmetic) on this (let alone analyzed the political machinations, but the basic math)?

I think you have not.

[GreenWave]

5. Just today, my doubting Thomas, I paid a tariff AND taxes.

Anyway I am trying to get Magats to rethink their love affair,

[Bernardo de La Paz]

7. Tariffs ARE taxes and no maga here

[Bernardo de La Paz]

6. Further, another concept: Tariffs ARE taxes, and yes, the CONSUMER is paying them (indirectly, about 80% of the tax). .

[rurallib]

8. It was the billionaires who would get the tax relief, not us

Most of them haven't paid taxes for decades.

[Walleye]

9. Taxes are for the little people

And we are the little people

[Wiz Imp]

11. Tariffs are only bringing in a relative pittance in revenue.

Monthly tariff revenue, has yet to reach $30 billion in a month. But let's assume it could be as high as $30 billion a month for a full year. That's still only $360 billion for the year. The total revenue for the Federal Government in 2024 was $4.9 Trillion so that would project tariff revenues at just 7.3% of total revenues for the Federal Government. And while there may be additional tariffs in future months, the higher the tariff rates, the lower the amount of goods being imported meaning the tariffs will be collected on smaller levels of goods meaning they will never bring in anywhere near is much as Trump thinks.

Even at current levels, the tariffs project as a tax bill of over $2000 annually for the average taxpayer.