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Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Trump’s tariffs amount to a significant tax increase, by raising consumer goods
Posted by:
Trumpers simple beasts
()
Date: June 04, 2019 02:39PM
Accounting for both the tax cuts and the full range of tariffs, the Tax Foundation estimates, the lowest-earning fifth of American taxpayers would see an effective tax increase of 1.1 percent of their income this year. Those in the middle fifth would see a 0.3 percent tax increase. Upper-middle-class earners would have their gains from tax cuts wiped out. Only the top 5 percent of earners would continue to see a net tax cut of more than 1 percent on the year.
https://www.nytimes.com/2019/06/03/business/tariffs-trump-mexico-china.html?rref=collection%2Fbyline%2Fjim-tankersley&action=click&contentCollection=undefined®ion=stream&module=stream_unit&version=latest&contentPlacement=1&pgtype=collection
https://www.nytimes.com/2019/06/03/business/tariffs-trump-mexico-china.html?rref=collection%2Fbyline%2Fjim-tankersley&action=click&contentCollection=undefined®ion=stream&module=stream_unit&version=latest&contentPlacement=1&pgtype=collection
Re: Trump’s tariffs amount to a significant tax increase, by raising consumer goods
Posted by:
Chapter 11 in Chief
()
Date: June 04, 2019 02:58PM
Trump managed to put a casino into bankruptcy. Several times, actually. A business where thousands of people literally walk in the front door, hand you money, and leave with nothing in return. And Trump couldn’t make money doing that.
Is anyone *really* surprised that his economic policies are half-assed and potentially disastrous?
Is anyone *really* surprised that his economic policies are half-assed and potentially disastrous?
Re: Trump’s tariffs amount to a significant tax increase, by raising consumer goods
Posted by:
Sparks
()
Date: June 04, 2019 04:35PM
DEMwits never passed Econ 101. Strong dollar and a ruthless retail environment makes the effects of tariffs on consumers hardly noticeable.
Re: Trump’s tariffs amount to a significant tax increase, by raising consumer goods
Posted by:
um no not really
()
Date: June 04, 2019 04:51PM
Sparks Wrote:
-------------------------------------------------------
> DEMwits never passed Econ 101. Strong dollar and a
> ruthless retail environment makes the effects of
> tariffs on consumers hardly noticeable.
Strong dollar hurts exports from usa, tariffs hurt imports to usa - your argument is the opposite of reality.
-------------------------------------------------------
> DEMwits never passed Econ 101. Strong dollar and a
> ruthless retail environment makes the effects of
> tariffs on consumers hardly noticeable.
Strong dollar hurts exports from usa, tariffs hurt imports to usa - your argument is the opposite of reality.
Re: Trump’s tariffs amount to a significant tax increase, by raising consumer goods
Posted by:
stop sugar coating it
()
Date: June 04, 2019 05:38PM
Tariff increases do not AMOUNT to tax increases. They ARE tax increases. A tariff is a tax, PERIOD.
Re: Trump’s tariffs amount to a significant tax increase, by raising consumer goods
Posted by:
Food, Auto Parts and clothing
()
Date: June 04, 2019 06:01PM
With Mexico, not only will consumer goods like clothing, produce and auto parts go up in price its the supply chain management that is having a very difficult time with these unexpected tariffs and threat of tariffs. Manufacturers who have moved supply chain from China to Mexico are scrambling. In supply chain management these chaotic policy changes extract a very heavy toll.
Re: Trump’s tariffs amount to a significant tax increase, by raising consumer goods
Posted by:
ByeTequila
()
Date: June 04, 2019 06:51PM
Food, Auto Parts and clothing Wrote:
-------------------------------------------------------
> With Mexico, not only will consumer goods like
> clothing, produce and auto parts go up in price
> its the supply chain management that is having a
> very difficult time with these unexpected tariffs
> and threat of tariffs. Manufacturers who have
> moved supply chain from China to Mexico are
> scrambling. In supply chain management these
> chaotic policy changes extract a very heavy toll.
Good stop buying shit made in Mexico and china. Drink American whiskey and eat American grown fruits/vegetables.
-------------------------------------------------------
> With Mexico, not only will consumer goods like
> clothing, produce and auto parts go up in price
> its the supply chain management that is having a
> very difficult time with these unexpected tariffs
> and threat of tariffs. Manufacturers who have
> moved supply chain from China to Mexico are
> scrambling. In supply chain management these
> chaotic policy changes extract a very heavy toll.
Good stop buying shit made in Mexico and china. Drink American whiskey and eat American grown fruits/vegetables.