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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://esq.social/users/andrew/statuses/112615331898229612">Andrew Leahey (andrew@esq.social)'s status on Saturday, 15-Jun-2024 00:49:17 JST</a><a href="https://esq.social/@andrew" title="andrew@esq.social"><img src="https://gnusocial.jp/avatar/30491-48-20230702122429.webp" width="48" height="48" alt="Andrew Leahey" style="position: absolute; left: 0; top: 0;">Andrew Leahey</a></section><article><p>Some back of the envelope math suggests for <a href="https://esq.social/tags/Trump" rel="tag">#Trump</a> to pull of his ridiculous "proposal" of eliminating income tax in favor of tariffs, the tariffs would have to average about 85%. </p><p>That's the base model <a href="https://esq.social/tags/iPhone" rel="tag">#iPhone</a> going from $799 to $1,478 (at least). Choose your other exemplar goods to do your own math. </p><p>Clown stuff.</p><p><a href="https://esq.social/tags/lawfedi" rel="tag">#lawfedi</a> <a href="https://a.gup.pe/u/law">@law</a> </p><p><a href="https://www.forbes.com/sites/andrewleahey/2024/06/14/can-trump-eliminate-the-income-tax/" rel="nofollow noreferrer">https://www.forbes.com/sites/andrewleahey/2024/06/14/can-trump-eliminate-the-income-tax/</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/3241867#notice-6398242">In conversation</a><time datetime="2024-06-15T00:49:17+09:00" title="Saturday, 15-Jun-2024 00:49:17 JST">about a year ago</time> <span>from <span><a href="https://esq.social/@andrew/112615331898229612" rel="external" title="Sent from esq.social via ActivityPub">esq.social</a></span></span><a href="https://esq.social/@andrew/112615331898229612">permalink</a><h4>Attachments</h4><ol><li><article><header><div>Domain not in remote thumbnail source whitelist: imageio.forbes.com</div><h5><a href="https://www.forbes.com/sites/andrewleahey/2024/06/14/can-trump-eliminate-the-income-tax/">Can Trump Eliminate The Income Tax? Maybe With An 85% Tariff</a></h5><div> from <span>Andrew Leahey</span></div></header><div>The idea of eliminating the income tax is an attractive one to anyone that has ever had to cut a check to Uncle Sam—but it is far from practical.</div><footer></footer></article></li></ol></footer></blockquote>

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Andrew Leahey (andrew@esq.social)'s status on Saturday, 15-Jun-2024 00:49:17 JST Andrew Leahey
Some back of the envelope math suggests for #Trump to pull of his ridiculous "proposal" of eliminating income tax in favor of tariffs, the tariffs would have to average about 85%.
That's the base model #iPhone going from $799 to $1,478 (at least). Choose your other exemplar goods to do your own math.
Clown stuff.
#lawfedi @law
https://www.forbes.com/sites/andrewleahey/2024/06/14/can-trump-eliminate-the-income-tax/
In conversationabout a year ago from esq.socialpermalink
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  Can Trump Eliminate The Income Tax? Maybe With An 85% Tariff
  from Andrew Leahey
  The idea of eliminating the income tax is an attractive one to anyone that has ever had to cut a check to Uncle Sam—but it is far from practical.

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