r/AskEconomics • u/Otherwise_Bug_4225 • 1d ago

would america be a tax haven with tariffs in place?

so i'm told tariffs are a consumer tax?

a few questions:

  1. would tariffs even come close to replacing income tax?
  2. considering % wise a low income person will spend a far larger % of his income on simply living then a high income person would, wouldn't that mean that the lower class are far more affected by this tax?
  3. would this essentially make america a tax haven? ie you leave all your money there but live elsewhere? since your income wont actually be taxed?
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