Given current events, and since it's tax day,... (2 Viewers)

[Germinator]

Given current events, and since it's tax day, something to ponder is: tariffs, unlike corporate income taxes, directly impact the cost of goods and therefore affect the bottom line. Income taxes are applied after the bottom line, only if there is a profit. This means tariffs are more likely to lead to higher prices being charged in order to maintain the same bottom line.

Also worth considering is that back in April 1987, Ronald Reagan warned people about the dangers of a tariff trade war.

 

[Integrityrespec]

Given current events, and since it's tax day, something to ponder is: tariffs, unlike corporate income taxes, directly impact the cost of goods and therefore affect the bottom line. Income taxes are applied after the bottom line, only if there is a profit. This means tariffs are more likely to lead to higher prices being charged in order to maintain the same bottom line.

Also worth considering is that back in April 1987, Ronald Reagan warned people about the dangers of a tariff trade war.

Given the foolish ways our government spends our tax dollars they must have far too much money to play with. The better use would be to pay down the national debt thereby reducing our budget by the almost 1 trillion $$ used to pay the interest on that debt.

 

[Ishm]

Given current events, and since it's tax day, something to ponder is: tariffs, unlike corporate income taxes, directly impact the cost of goods and therefore affect the bottom line. Income taxes are applied after the bottom line, only if there is a profit. This means tariffs are more likely to lead to higher prices being charged in order to maintain the same bottom line.

Also worth considering is that back in April 1987, Ronald Reagan warned people about the dangers of a tariff trade war.

Something to also understand is that companies operate on margin %'s rather than margin $'s. That means a 10% import tariff becomes a 12% retail price increase if a company has a 20% operating margin. Not exactly right, but you get the idea.

 

[Mr Person]

Given the foolish ways our government spends our tax dollars they must have far too much money to play with. The better use would be to pay down the national debt thereby reducing our budget by the almost 1 trillion $$ used to pay the interest on that debt.

You think the better use is to pay down the national debt, which is why you voted for a guy who is increasing spending yet again while raising taxes on the lower and middle class - tariffs - in order to justify more tax cuts for the upper crust. Right.

Is there anything about MAGA that isn't fake and awful?

 

[BirdinHand]

You think the better use is to pay down the national debt, which is why you voted for a guy who is increasing spending yet again while raising taxes on the lower and middle class - tariffs - in order to justify more tax cuts for the upper crust. Right.

Is there anything about MAGA that isn't fake and awful?

It is almost painful how MAGAs don’t even see their own hypocrisy when they post shit, isn’t it?

 

[DCCougar]

....tariffs, unlike corporate income taxes, directly impact the cost of goods and therefore affect the bottom line.

More importantly, tariffs end up affecting the people. All the people. Corporate income taxes obviously just affect the profits of corporations.

In other words, Trump doesn't give a shit about normal people, but he apparently cares a lot about rich people and corporations because, well, he falls into that category.