- Days left

10 Everyday Items That Cost You Way More Thanks to U.S. Import Taxes

×

A bite out of your sandwich. Peanut imports are subject to an ad valorem tax up to 163.8%. (Alamy)
By Alex Brokaw

It might be said that America is a country built on tariffs. In 1790, Alexander Hamilton proposed The Act Laying Duties on Imports, which suggested imported goods should be more expensive to protect American industries. Since the law was passed into legislation, taxes on imports have been an American mainstay, and have helped to support our industries ever since.

Of course, tariffs have also sparked controversy and political battles, especially in the last few decades. Recent headlines on tariffs have highlighted the ongoing economic tensions between the United States and China. In June, the Department of Commerce announced preliminary tariff hikes as high as 5.81% on Chinese solar-product manufacturers Trina Solar (TSL) and Suntech Power Holdings (STP) in an effort to protect U.S. manufacturers. And this month, the United States filed a complaint with the World Trade Organization for China's tariffs on U.S.-manufactured automobiles.

U.S.-China relations are only a single, albeit considerably complex, factor that play into a host of import taxes influenced both by international relations and private and public interests.

Here, Minyanville braves the complexities of the United States' current Tariff Schedule and digs up some of America's highest, least expected, and most controversial duties.



Increase your money and finance knowledge from home

How to Buy a Car

How to get the best deal and buy a car with confidence.

View Course »

How to Avoid Financial Scams

Avoid getting duped by financial scams.

View Course »

TurboTax Articles

What is Schedule F: Profit or Loss from Farming

If you earn a living as a self-employed farmer, you may need to include a Schedule F attachment with your tax return to report your profit or loss for the year. The Internal Revenue Service defines ?farmer? in a very broad sense?whether you grow crops, raise livestock, breed fish or operate a ranch.

5 Tax Tips for Single Parents

Filing taxes as a single parent requires coordination between you and your ex-spouse or partner. Usually the custodial parent claims the child as a dependent, but there are exceptions. A single parent is allowed to claim applicable deductions and exemptions for each qualifying child. Even though you claim your child as a dependent, she may still have to file her own tax return if she has income, such as from an after-school job.

Add a Comment

*0 / 3000 Character Maximum

120 Comments

Filter by:
ttcrouse38

i work in the textile capital of the world and the textiles are gone because of people like this guy todd young and the GOP the should be higher to protect US jobs

July 30 2012 at 10:06 AM Report abuse rate up rate down Reply
janicefenton

Imports cost you way more than you think. American Jobs. American dignity. American pride. Let these imports rot at the docks. Buy only American made. It is supply and demand. If you go to the stores and demand loud and clear that you want American made, the stores will supply whatever the consumer wants. If you are willing to accept these imports, learn to live with the consequences.

July 29 2012 at 9:19 PM Report abuse rate up rate down Reply
1 reply to janicefenton's comment
mylogylo

Imagine how expensive everything would be if it were made in america. The problem is not the overseas workforce that will work for next to nothing. The problem is the american worked that things he is entitled to $20/hour and benefits for doing a job my four year old could do. Here are four bolts, all you have to do is put them on that little screw thingy. LOL.

July 30 2012 at 12:47 PM Report abuse rate up rate down Reply
ragtopdaz

If you want to get ahead in this world do like Nancy Pelosi, The splinting image of Freddy Krueger..


Nancy Pelosi never read the health care bill but she sure read all the insider trading stock tips sent to her..
Nancy Pelosi Blocked Credit Card Reform While Investing Millions in Exclusive Visa Stock Offering


Former Speaker of the House–and current Minority Leader–Nancy Pelosi apparently bought $1 million to $5 million of Visa stock in one of the most sought-after and profitable initial public offerings (IPO) in American history, thwarted serious credit card reform for two years, and then watched her investment skyrocket 203%.
Her response to a reporter when asked about this was " What's your point? I did nothing wrong."
Politicians spend most of their time fighting off law suites and the ethics committee for they crimes they were caught doing.
The rest of their time is spend on defending all of the illegal's in this country who cry discrimination because they might get deported back to their own cesspool of a country. The politicians fight to keep them here so they can turn this country into a mirror image of the place they just left.

July 29 2012 at 8:42 PM Report abuse -1 rate up rate down Reply
fielectric

Alex, we have the fewest tariffs on the fewest number of products than any of our trading partners.

Our economy would grow if we matched the tariffs other countries place on our exports.

July 29 2012 at 6:47 PM Report abuse rate up rate down Reply
PAPA CROTEAU

At first this is funny .. . .

but then you realise the awful truth of it .

Be sure to read all the way to the end!

Tax his land,
Tax his bed,
Tax the table
At which he's fed .

Tax his work,
Tax his pay,
He works for peanuts
Anyway!

Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat .

Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think

Tax his car,
Tax his gas,
Find other ways
To tax his ass .

Tax all he has
Then let him know
That you won't be done
Till he has no dough

When he screams and hollers;
Then tax him some more,
Tax him till
He's good and sore

Then tax his coffin,
Tax his grave,
Tax the sod in
Which he's laid .

When he's gone,
Do not relax,
It's time to apply
The inheritance tax .

July 29 2012 at 6:41 PM Report abuse +4 rate up rate down Reply
1 reply to PAPA CROTEAU's comment
PAPA CROTEAU

Accounts Receivable Tax
Airline surcharge tax
Airline Fuel Tax
Airport Maintenance Tax
Building Permit Tax
Cigarette Tax
Corporate Income Tax
Goods and Services Tax (GST)
Death Tax
Driving Permit Tax
Environmental Tax (Fee)
Excise Taxes
Income Tax
Fishing License Tax
Food License Tax
Petrol Tax (too much per litre)
Gross Receipts Tax
Health Tax
Inheritance Tax
Interest Tax
Heating Tax
Lighting Tax
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Mortgage Tax and his pension
Personal Income Tax
Property Tax
Poverty Tax
Prescription Drug Tax
Real Estate Tax
Recreational Vehicle Tax
Retail Sales Tax
Service Charge Tax
School Tax & Tax what he buys and what he sells
Telephone Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Water Tax
Workers Compensation Tax
Tax (VAT) on Tax .
And Now they want a blooming Carbon Tax!

STILL THINK THIS IS FUNNY?

Not one of these taxes existed 100 years ago . . .and

our nation was one of the most prosperous in the world .



We had absolutely no national debt, had a large

middle class, a huge manufacturing base, and

Mum stayed home to raise the kids.
What in the Hell happened?

Could it be the lying parasitic politicians wasting our money?

Oh, and don't forget the relatively new bank charges ..

And we all know what we think of Bankers

July 29 2012 at 6:42 PM Report abuse +3 rate up rate down Reply
lordclane

Who'd have thought we have to protect domestic paper clip manufacturing?

July 29 2012 at 4:45 PM Report abuse rate up rate down Reply
ragtopdaz

Obviously something is rotten on Pennsylvania Avenue; no intelligent American president would do the things Obama has done. There has been talk of his inexperience, incompetence, or just plain stupidity to explain his Bizarro-administration. However, Obama is not incompetent; he is an intelligent anti-American president. Obama is not a failure at his job -- his job is the failure of our country.

July 29 2012 at 3:57 PM Report abuse rate up rate down Reply
2 replies to ragtopdaz's comment
tsmomfla

you mean bush don't you????

July 29 2012 at 5:09 PM Report abuse +3 rate up rate down Reply
cpo1514

But wait... Barry is a Harvard graduate.... he majored in Community Organizing and had his Harvard Graduate thesis sealed.

Never mind, OMG OBAMA MUST GO

July 30 2012 at 8:03 AM Report abuse -1 rate up rate down Reply
Andy

So these 10 items that are imported could be made here cheaper? That's a good thing. Raise the tariffs more so that American businesses can make these items for Americans. Not an issue. Instead of advocating more imports, try advocating work and jobs for Americans. Stupid stand point unless youre not American trying to justify your products export to the US.

July 29 2012 at 3:22 PM Report abuse +1 rate up rate down Reply
rdd2897

If all these products were growing and made here in the USA we wouldnt need tariffs on them

July 29 2012 at 3:21 PM Report abuse +1 rate up rate down Reply
ragtopdaz

The Governments and the banks grand plan of keeping us as well as our kids and grand kids as indentured servants is working as planed..
You will never own, nor have anything you can call your own.
They own the land you live on, they own half of your pay check, now soon they will decide how much health care you are worth according to the amount of tribute you give them.

If you hard core believers out there think you own the house and land you have paid for, think again.
Just miss a few years of taxes as see where you end up!!

I hate to say it, but the only thing you will ever own that the government can not take away from you is the burial plot your in as well as your coffin.

But now on the other hand if your one of those people who has never worked hard for you as well as yours kids and grand kids your saying is: : (The world is my oyster.)
(something from which you may extract or derive advantage by letting others pay for your daily needs.

No work no problem, no tribute to the government, no problem..

God provides food stamps, SSI, section 8 housing, free medical. And what ever is needed to keep the Serfs happy and for their votes to keep the madness going..

July 29 2012 at 2:55 PM Report abuse -1 rate up rate down Reply