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Bernardo de La Paz

(54,544 posts)
10. Tariff taxes are regressive
Thu Apr 3, 2025, 01:48 AM
Apr 3

What proportion of buying a children's school supplies at Walmart will be due to tariff taxes of 54 percent on China?

What proportion of buying an apartment building will be due to tariff taxes? Some for Canadian lumber and steel, but not much in total.

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Tariffs are more like a VAT... Wounded Bear Apr 2 #1
VAT are very common in Canada and throughout the EU. MichMan Apr 2 #3
There are NO VAT taxes in Canada. Simple ordinary sales tax pays for health care. Bernardo de La Paz Apr 3 #13
Just going by what I read MichMan Apr 3 #24
I think that is a US-centric, conserva-centric misinterpretation Bernardo de La Paz Apr 3 #25
Agreed, my point is broadly these are all the same thing. unblock Apr 2 #4
True dat, but... Justice matters. Apr 2 #5
I live in a country with a VAT Pototan Apr 3 #19
Just like all other taxes on businesses like income, property, and payroll taxes MichMan Apr 2 #2
HOWEVER, sales taxes and VAT's have to be passed by voters, whereas ... usonian Apr 3 #6
Good point. unblock Apr 3 #7
Red coats have become red hats under King Mucus and Been a Dick Arnold. . . . . nt Bernardo de La Paz Apr 3 #11
"T" should be dumped into Boston Harbor usonian Apr 3 #15
T for Teslas in Boston Harbour too. . . . nt Bernardo de La Paz Apr 3 #16
OK as long as sharks and batteries are on opposite coasts. usonian Apr 3 #20
Good one and good pic! . . . . . nt Bernardo de La Paz Apr 3 #22
The purpose of raising revenue with tariffs is to justify flamingdem Apr 3 #8
Yes. And Donnie also likes tariffs because they're completely in his control unblock Apr 3 #9
Which they shouldn't be if Congress would do their jobs... Wounded Bear Apr 3 #28
So far Argentina playing ball flamingdem Apr 4 #29
Tariff taxes are regressive Bernardo de La Paz Apr 3 #10
Eventually, the ordinary renter will have to cover the cost of that lumber and steel, unblock Apr 3 #14
They've wanted their flat tax forever. Seems like they are slipping it in under the wire. Hassin Bin Sober Apr 3 #12
Tariff taxes are regressive, not flat Bernardo de La Paz Apr 3 #17
You are correct. I was thinking more like national sales tax which is very regressive and closer to the tariffs. Hassin Bin Sober Apr 3 #18
It is exactly that, tariffs are a national sales tax. The price taxed is the entry value. . . . . nt Bernardo de La Paz Apr 3 #23
They've been really licking their chops for something, anything, really regressive to punish the useless eater poors. Hassin Bin Sober Apr 3 #27
Also announced now charging 30% on all foreign internet purchases wishstar Apr 3 #21
The way to deal with tariffs The Madcap Apr 3 #26
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