Sammy Jankis
Was it me?
tariffs are not taxes.^^ It doesn't say anything about a unilateral and unlimited power to raise taxes on imports.
there you go again..
read my hips.
there you go again.
tariffs are not taxes.^^ It doesn't say anything about a unilateral and unlimited power to raise taxes on imports.
Section 2 doesn't say anything about tariffs. You just pulled it out of your ass.tariffs are not taxes.
there you go again..
read my hips.
there you go again.
No, a trade agreement is an agreement, a tariff is a law that attaches a fee paid to the government, it is a tax. Look it up.trade agreements are treaties. tariffs are an execution detail of these treaties.
its a detail of the execution of an agreement.No, a trade agreement is an agreement, a tariff is a law that attaches a fee paid to the government, it is a tax. Look it up.
That argument will go no where in a Court. Not even The Felon made that argument in any Court.
they are not.Section 2 doesn't say anything about tariffs. You just pulled it out of your ass.
Tariffs are taxes.
"Tariffs are taxes, and the power to tax belongs to Congress — not the president, our Founders were clear: tax policy should never rest in the hands of one person.”
Senator Rand Paul, R-Kentucky
The words you cite do not mean what you claim that do. An agreement is not a tariff. A tariff is decided by one party.its a detail of the execution of an agreement.
you deconstructing words doesn't change their actual accuracy.
Okay but Tariffs are not treaties. They are not agreements. They are not the power of the Executive, unless given to the Executive by the Legislative Branch.Tariffs and taxes both generate government revenue but serve different purposes. Tariffs are fees on imported or exported goods, often used to influence trade by making foreign products less competitive. Taxes are financial charges on individuals or businesses to fund government activities. Knowing how each can affect the economy and your bottom line could help you prepare for different economic situations. A financial advisor can also work with you to help manage taxes and tariffs that could affect your portfolio.
Taxes Explained
Taxes are charges imposed by governments on individuals, businesses and transactions to generate revenue for public spending. They come in different forms, such as income taxes, sales taxes, property taxes and corporate taxes. For example, income taxes are based on individual earnings, while sales taxes apply to purchases of goods and services.
The revenue collected from taxes funds public goods and services like infrastructure, healthcare, education and law enforcement. These funds are essential for supporting government operations and maintaining services that benefit society.
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What Is a Tariff?
Tariffs are fees imposed specifically on imported or, less often, exported goods. They are often applied at entry points at a country’s border. Tariffs are used primarily to regulate international trade by making foreign goods more expensive, thus providing a competitive edge to domestically produced products.
There are several types of tariffs. One variety, ad valorem tariffs, are calculated as a percentage of the value of the goods. Specific tariffs, another type, involve fixed charges per unit, such as a certain dollar amount per ton or per item.
Beyond protecting domestic production, tariffs can also serve broader economic strategies, such as retaliating against another country’s trade policies. Revenue from tariffs is often a secondary purpose compared to their role in influencing trade flows. The primary function often leans more towards shaping trade relationships and fostering local economic stability.
History of Tariffs
Tariffs have been an important part of U.S. economic history since the nation’s founding. In the 19th century, they served as a key source of federal revenue and were used to protect growing American industries from foreign competition. By the 20th century, tariffs became less common as international trade agreements took priority.
Tariffs gained renewed attention during Donald Trump’s first term as president, particularly during his trade conflict with China. Trump imposed tariffs on a broad range of Chinese imports to address trade imbalances and support American manufacturing.
Following his reelection in 2024, Trump plans to expand tariffs further. His goal is to pressure countries into fairer trade agreements and strengthen protections for U.S. industries that face foreign competition.
Tariff vs. Tax: Key Differences
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Tariffs and taxes are both used by governments to generate revenue, but they differ fundamentally in their purposes and applications. Here’s a broad overview of the key differences between tariffs and taxes:
Scope of Application
Taxes are broadly applied to individuals, businesses and transactions. They include various forms such as income taxes, sales taxes, property taxes and corporate taxes. Tariffs narrowly target goods that cross international borders, whether being imported or exported.
Purpose
Taxes are primarily aimed at raising revenue to fund public services and infrastructure. Funds collected through taxes help support sectors like healthcare, education and law enforcement.
Tariffs are mainly employed as a trade policy tool. They help regulate international trade by making foreign goods more expensive, protecting domestic industries from foreign competition.
Economic Impact
Taxes directly affect domestic individuals and businesses by creating financial obligations that contribute to public expenditure. They influence household budgets and business operations within the country.
Tariffs impact international trade dynamics by increasing the cost of imported goods. This encourages consumers to favor domestically produced goods over foreign alternatives, thus altering consumer and producer behavior.
Revenue Role
Taxes are a major, consistent source of government revenue used to maintain and expand public services and infrastructure.
Revenue from tariffs is often secondary to their regulatory role. Tariffs are used to protect national economic interests, manage trade imbalances or respond to international trade disputes, rather than as a primary source of income.
Do Tariffs Hurt Consumers?
Tariffs can have a direct impact on consumers in the form of higher prices for goods. When tariffs are imposed on imported products, the additional cost is typically passed on to consumers. This means everyday items like electronics, food, fuel and clothing can become more expensive. Higher prices can reduce consumers’ purchasing power, making them spend more for the same quantity of goods.
Tariffs also can limit product availability. Import restrictions may reduce the variety of goods in the market, potentially forcing consumers to settle for more expensive or lower-quality domestic alternatives.
Over time, these effects can lead to increased overall living costs, especially for lower-income households that spend a higher portion of their budget on consumer goods.
Tariffs vs. Taxes: What Are the Differences?
Tariffs and taxes both generate government revenue but serve different purposes. Here's how they can affect the economy and your bottom line.smartasset.com
they are components used in the execution of trade agreements which are treaties.Okay but Tariffs are not treaties. They are not agreements. They are not the power of the Executive, unless given to the Executive by the Legislative Branch.
Those components are withing the power reserved for the Legislative Branch, so if the Executive wants to use those components they must allow it.they are components used in the execution of trade agreements which are treaties.
no, being details of the treaty they are non negotiable and solely up to POTUS.Those components are withing the power reserved for the Legislative Branch, so if the Executive wants to use those components they must allow it.
Simply not true under our constitution. If a treaty required us to ban personal ownership of handguns, would that be something the President would get to decide?no, being details of the treaty they are non negotiable and solely up to POTUS.
we can agree to disagree, of course.
Too bad that I can't say has much about you.This is probably the smartest thing that you've ever said on here. Who knew!![]()
I predict the Dow will rise about 117.03 points.Trump’s tariffs blocked by the courts, watch to see how the markets react!
Looks like they didn't soar today. You will say you weren't making a prediction, but you were.Trump’s tariffs blocked by the courts, watch to see how the markets react!
Too bad that your hatred blinds you.Too bad that I can't say has much about you.