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ShazamIam

(2,881 posts)
Tue May 20, 2025, 07:48 PM May 20

Why tariffs are a bad idea: Trump says they will eliminate income tax, but he doesn't say that the low income people [View all]

who do not currently owe income taxes will be paying tariffs.

My gripe is that not one news organization will report that fact. That even the lowest income people will have to pay tariffs, people whose incomes are to low to be subjected to an income tax.
That is why tariffs, a sales tax is a regressive tax, the lowest income people have to pay a higher percentage of their income in taxes.


https://www.usatoday.com/story/news/politics/2025/04/17/trump-tariffs-income-tax/83144867007/

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