which may make it the most idiotic thing anyone has ever said.
Total tariff revenue for FY2025 was about $195 million. The highest monthly total was $30 million. Project that over a full year and it's still just $360 million.
The revenue from individual income taxes only was $2.66 Trillion! The revenue from ALL federal taxes was about $5 Trillion!!
Therefore, to replace JUST the individual income tax, would require tariff revenue to increase by 9 times the level of the highest month thus far AND continue at that level for a full year. To replace ALL federal taxes would require tariff revenue to increase by 16 to 17 times the highest monthly level so far and continue at that level.
In other words, the idea that tariff revenue could replace income tax revenue is not just insane, it's BATSHIT INSANE!! CUCKOO BANANAS INSANE!! NEED TO BE LOCKED UP IN A RUBBER ROOM INSANE!!!
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