Tariff Revenue

Media’s “Fairness” to Trump: A Threat to the Republic

Federal revenue in recent years has been around $4.7 trillion, with customs fees typically accounting for only about 2% of that total. Even if tariff revenue were to double or even double again, it would still represent a small fraction of the overall federal revenue. The majority of federal revenue comes from personal income tax (about half) and payroll taxes (about a third), dwarfing the impact of tariff revenue. The lack of these crucial figures in the original article obscures the true scale of the revenue sources.

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Trump’s Trillion-Dollar Tariff Failure: Revenue Far Below Expectations

President Trump’s proposed “External Revenue Service” would replace income taxes with tariffs, theoretically funding the government through levies on imported goods. This plan aims to eliminate income taxes for those earning under $200,000 annually. The idea draws historical parallels to the pre-income-tax era when tariffs were a primary government revenue source. Trump projects this shift as a significant financial boon for American citizens.

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