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26 November, 21:48

Tariffs differ from taxes because tariffs are what?

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  1. 26 November, 22:12
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    Taxes refer to ones income or purchases that have a certain percentage taken out upon a sale of during tax season for income. Tariffs on the other hand only apply to good being brought into or exiting the country. For instance, The united states could choose to create a tariff on cars coming into the country from Japan. This means that they would pay a fee or a certain percentage of the cars worth just to import it.
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