There’s a reason. You might know it.
There’s a reason. You might know it.
We import roughly $3.25 trillion in goods every year.
Income tax receipts total roughly $2.2 trillion.
So we’d need a universal tariff rate of, give or take, 65% to be able to do away w the IRS.
But…
1/2
Last year, US personal income tax brought in nearly 30x that.
We import roughly $3.25 trillion in goods every year.
Income tax receipts total roughly $2.2 trillion.
So we’d need a universal tariff rate of, give or take, 65% to be able to do away w the IRS.
But…
1/2
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We're looking for fed employees open to discussing the activity they're seeing or to help confirm other reports. Anonymity offered.
Please use @signal.org (contact dell.3030). Do not use work networks/devices.
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Not sure if the Starter Pack party's over, but I've made an Econ Starter Pack of Starter Packs! 😄
It's a work in progress, so I may have missed some. Let me know if there's anything to add—DMs are open!
Thanks for support @economista.bsky.social!
docs.google.com/spreadsheets...
Not sure if the Starter Pack party's over, but I've made an Econ Starter Pack of Starter Packs! 😄
It's a work in progress, so I may have missed some. Let me know if there's anything to add—DMs are open!
Thanks for support @economista.bsky.social!
docs.google.com/spreadsheets...