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YEAR 1909 2009
Total $604 million $2.2 trillion
Income taxes $0 $972 billion
Payroll taxes $0 $908 billion
Corporate taxes $0 $180 billion
Excise taxes* $249 million $71 billion
Estate taxes $0 $26 billion
Tariffs $301 million $24 billion
Other $54 million $44 billion
But though taxation generally has changed, the tariff system has not. Now a small part of the tax system, tariffs nonetheless remain the government's most effective tax on want, as it still relies on clothes, shoes, and food for most of its money. Of last year's $26 billion in tariff revenue, clothes brought in $9.5 billion. Shoes added $1.9 billion, about the same as cars; household linens and luggage came in at a billion each. Altogether, low-cost household necessities account for about 6 percent of imports, but raise 60 percent of tariff money; and foods -- mainly orange juice, cheese, and canned tuna -- raise another half billion. Further tilting tariff policy against poor families, the system taxes the cheapest products most heavily: acrylic sweaters are taxed at 32 percent, and cashmeres at 4 percent; women's polyester underwear is taxed at 16 percent, but 0.9 percent on silks; 48 percent tax on cheap sneakers, but 8.5 percent on leather dress shoes; and so on. A triviality for most Americans, the tariff system likely costs single-mother families (whose clothing and food bills are highest relative to income) a week's salary each year, more than any tax but the payroll tax, as it quietly raises prices for life necessities.
But as 2009 passes, tariffs (at least the light-industry tariffs that bring in the most money) have mostly lost their power to affect employment and trade flows, and are reverting instead to their 18th-century origins as excise taxes whose sole function is to raise money. In 1970, the four big high-tariff industries -- clothes, shoes, linens, and luggage -- accounted for 1.7 million out of the 58 million private-sector U.S. jobs. By 1980, they were down to 1.4 million; then 1.0 million in 1990, 0.6 million in 2000, 0.35 million by the end of the textile quota system in 2004, and now 0.22 million out of 112 million private-sector jobs.
Why does the government have to control what comes in and out of our country? Do you not think that individuals are capable of making their own economic system.
Getting the government OUT OF OUR BUSINESS. More government intervention means bad economy. Let people be free to purchase and sell what they want how they want. Stop going to government to solve all your problems.
Raising tariffs is THE SAME as raising taxes for American companies. And whether you think raising taxes is positive or negative, it will do the same for foreign trade as raising taxes does for domestic companies.
Originally posted by AshleyD
Didn't Obama propose this in his State of the Union Speech? Whether or not it will actually happen, I do not know but I believe he stated this is something he wanted to do.
Also, since so many *AMERICAN* companies outsource (which is what Obama was focusing on in context), I wouldn't toss the idea aside just because we don't want to lose business. This would be a way of sending a message to them to bring the jobs back here to support the American worker.
The above is at least what I personally understood from his speech. Please correct me if I'm wrong.
At the end of the day I am sad for this nation, if this myth does NOT die, this country will, we are probably dead and unaware of it yet.
This would be a way of sending a message to them to bring the jobs back here to support the American worker.
Originally posted by David9176
reply to post by Janky Red
At the end of the day I am sad for this nation, if this myth does NOT die, this country will, we are probably dead and unaware of it yet.
JR...I'm afraid we are going down.
For as much as we are all angry at the system...almost everyone is woefully dependent on it..whether they realize it or not.
What else is there to do? Prices are going to go up regardless due to our deficit so that argument that people are making is completely pointless.
People are wanting to cut SS and medicare...but if that happens there will be riots...not to mention many of the elderly are completely reliant on both....yet some of the same people wanting this are those who were screaming about a "death panel."
Sometimes I think those with the most money are walking a very fine line. Soon, if we continue on this pace....they will be the ones standing along with the very victims they now criticize.
I don't know why I bother anymore. Everyone will complain...but no one wants to make a "realistic" approach to any of this.
I don't think people..even on ATS...realize what is headed our way. The poor FAR outnumber the rich.....and the numbers of poor are growing. The middle class is shrinking.
Eventually it's the string will snap and all hell is going to break lose...imo.
Once they clean us out they will go spread the myth to China or some other place. I honestly think if PUBLIC opinion does not change, this will never change.
Originally posted by David9176
reply to post by Janky Red
Once they clean us out they will go spread the myth to China or some other place. I honestly think if PUBLIC opinion does not change, this will never change.
Many of these corporations are already working in unison with China. It's amazing isn't? All of this talk about government take over...yet THESE SAME CORPORATIONS who are screaming about it are working hand in hand with a COMMUNIST COUNTRY.
People need to THINK and let go of the rhetoric!
BTW...a month ago or so...I was watching Mr. O'Reilly when he had Glen Beck on as a guest...Mr. Anti-tax.
Beck actually proposed...on air....that we should do a 2 percent VAT (value added tax)tax. For anyone who doesn't know what that means...a 2 percent tax is hit through all areas of production...every layer.
This would be a DEATH SENTENCE to small business...not to mention..prices would explode.
======
People only see what they want to see.....that's the problem. No one wants to let go.
Well, this is what I have always thought, Mr Beck goes on about a front door march to fascist/socialist take over, yet he fails to disclaim that he advocates for the slow and sure result just the same. There is a point when you have to wonder what would lead a person to warn of something he seems to invite. HG Wells had the concept of double speak, you can promote your own agenda by being the loudest one warning of such a thing.
As I said I predict the elimination of all government protectionism will be attacked in the next decade. America will go for it to spit in the eye of Obamas socialism and we will lose. Just as Bush did NOT create the mess, so it will be, no lessons have been learned, WE WANT BUSH HEAVY... My point is not to defend Obama, my point is to illustrate peoples brains, or lack there of. Doing a Bush, RR in response to Obama's socialism is hardly very common sense.
This country should be for American ,owned, sourced, staffed business FIRST, biased in all its splendor, No more of this pro corporate crap guised as freedom, its a disgrace.