Trump Tariff will Kill the Economy

[Copier Addict]

Why are left wing loons so much in favor of taxing American corporations yet so opposed to taxing foreign corporations via tariffs? They even insist that raising taxes on American corporations won't increase consumer prices. They claim that the owners and shareholders will eat the corporate taxes they favor rather than passing them on to consumers. They feel righteous and superior when they speak of increasing American corporate taxes. They are getting even with the other side in their pea sized brains. its the strangest thing. Liberal loony logic I suppose.

You lost me at "taxing foreign corporations via tariffs". Tariffs tax domestic corporations. Maga brain is real

[Mako]

It doesn't surprise me that you're either too stupid or too intellectually dishonest to process and respond intelligently to my post.

[Copier Addict]

It doesn't surprise me that you're either too stupid or too intellectually dishonest to process and respond intelligently to my post.

As soon as you post something intelligent, I will respond appropriately.

[bsm2]

As soon as you post something intelligent, I will respond appropriately.

Your going to be waiting a.long.long.time

[bsm2]

Zero ships from China are bound for California’s top ports. Officials haven’t seen that since the pandemic

Yep Trump did that

[Copier Addict]

It doesn't surprise me that you're either too stupid or too intellectually dishonest to process and respond intelligently to my post.

Maybe this will help clear the fog of Maga brain.

"Trump is a proponent of tariffs, insisting that they are paid for by foreign countries. In fact, it is importers — American companies — that pay tariffs, and the money goes to the U.S. Treasury. Those companies typically pass their higher costs on to their customers in the form of higher prices. That’s why economists say consumers usually end up footing the bill for tariffs."

[SalesServiceGuy]

... as proven by many online retailers, adding an extra line to their invoices describing the extra tariff taxes applied to each sale.

[bsm2]

Breaking News the Trump Red Hats are Made in China

Ironic isn't it

[bsm2]

Trump has WEEKEND MELTDOWN after Fox AIRS ANTI-TRUMP AD

[Mako]

So confiscatory corporate taxes on American companies good but tariffs on imports bad. Right guys?

[bsm2]

An electronic hardware company explained to customers why its prices will increase soon after sharing its latest bill, which included a $36,126.46 tariff charge

[Copier Addict]

So confiscatory corporate taxes on American companies good but tariffs on imports bad. Right guys?

Taxes are paid on money companies make by selling their products. That means they've made their profits and pay a portion of them in taxes.
Tariffs are paid at the time the products arrive. That means before the companies have made a single dime they have to pay more money based on the value of the imported product. This means, if they want to make any money, they have to increase the price of their products. This causes inflation.
So, to answer your question, corporate taxes good, tariffs bad.

[Mako]

Taxes are paid on money companies make by selling their products. That means they've made their profits and pay a portion of them in taxes.
Tariffs are paid at the time the products arrive. That means before the companies have made a single dime they have to pay more money based on the value of the imported product. This means, if they want to make any money, they have to increase the price of their products. This causes inflation.
So, to answer your question, corporate taxes good, tariffs bad.

Imagine being dumb enough to believe companies just eat taxes on the money they make without passing it along to the customers. Liberal logic. lol!!!!!!

[slimslob]

Originally posted by Copier Addict


Taxes are paid on money companies make by selling their products. That means they've made their profits and pay a portion of them in taxes.
Tariffs are paid at the time the products arrive. That means before the companies have made a single dime they have to pay more money based on the value of the imported product. This means, if they want to make any money, they have to increase the price of their products. This causes inflation.
So, to answer your question, corporate taxes good, tariffs bad.

You apparently know little to nothing about corporate tax structure in the US. Corporations don't pay withholding tax because they do not earn a salary, wages or tips. The government does not want to wait until the end of the year to get revenue from corporations. Instead corporations use the Quarterly Estimate method. During the first calendar quarter corporate accountants estimate what the will have in profits for the year and compute the taxes that will be owed. At the end of the first quarter they compute 25% of the estimated annual taxes and submit that to the government. The process is repeated each calendar quarter with adjustments being made to previous quarter(s) for any increase or decrease. So corporations know well in advance the taxes to be paid, basically the same as for tariffs.

[Copier Addict]

You apparently know little to nothing about corporate tax structure in the US. Corporations don't pay withholding tax because they do not earn a salary, wages or tips. The government does not want to wait until the end of the year to get revenue from corporations. Instead corporations use the Quarterly Estimate method. During the first calendar quarter corporate accountants estimate what the will have in profits for the year and compute the taxes that will be owed. At the end of the first quarter they compute 25% of the estimated annual taxes and submit that to the government. The process is repeated each calendar quarter with adjustments being made to previous quarter(s) for any increase or decrease. So corporations know well in advance the taxes to be paid, basically the same as for tariffs.

I was simplifying it so even a Maga brain could understand it. Of course the actual tax structure is more complicated. But my explanation give the foggy brained an idea of how it works.