In this aerial view, a forklift causes shipping containers stacked in the port of Hamburg on April 15, 2025 in Hamburg, Germany.
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Prices insurance is “much smaller” than income tax
Some political experts interviewed How much income Rights could provide, compared to federal income tax.
“The tax base of prices is much smaller than the income tax base,” Kimberly Clausing, a principal researcher at the Peterson Institute for International Economics, told CNBC.
In 2023, the United States imported 3.1 billions of dollars in goods. In comparison, the government has levied the tax on Over 20 dollars billions In income, according to a report that she co-written last summer.
The Commercial Advisor of the White House, Peter Navarro, at the end of March, the estimated prices could increase $ 600 billion per year.
But this figure “is not even in the field of possibility,” MOODY's, CNBC. “If you reach $ 100 billion at 200 billion dollars, you will be very lucky.”
To compare, the IRS has Collected $ 1.14 Billion In individual income taxes for financial year 2025 on March 31, according to the Treasury data.
“The rate rates should be improbably high on such a small import base to replace income tax,” said co-writing in the Peterson Institute for International Economics report.
In addition, at higher rate rates, people will buy less imported goods, which reduces income, told CNBC: “This is part of the point of politics.”
The Trump administration did not respond to the request for CNBC comments.
Consumer behavior influences the price income
As the rate rates increase, other factors may reduce the amount of income that the United States ultimately allows, according to experts.
“The administration seems to think that whenever it increases the rate rate, it can receive more income,” said Durant of the Tax Foundation. “And this is not always the case.”
Revenues from direct prices are reduced by behavioral factors and other economic factors, has detailed a report in a report earlier this month.
Fact Foundation estimates that a universal rate of 10% Raise $ 2.2 billions of dollars Until 2034. However, the same price would reduce the US gross domestic product by 0.4%, which has an impact on income.
The International Monetary Fund reduced Tuesday 2025 US growth projections to 1.8% against 2.7% on the basis of trade tensions.
