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Beachnutt

(8,873 posts) Thu Apr 3, 2025, 05:06 AM Apr 2025

How much will a pair of Nikes cost with 47% tax and sales tax ?

Buy your Nikes in Canada they have great prices.

8 replies

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How much will a pair of Nikes cost with 47% tax and sales tax ? (Original Post) Beachnutt Apr 2025 OP

$69 shoes for $117.99 bucolic_frolic Apr 2025 #1

Considering they are made in sweatshops by workers making $1 per hour, they have plenty of profit margin left MichMan Apr 2025 #2

Value Added Tax would be far more accurate and an easier sell bucolic_frolic Apr 2025 #3

Doesn't change the fact that the $69 shoes cost less than $5 to make MichMan Apr 2025 #4

What's the final cost to the consumer Beachnutt Apr 2025 #5

lol SamuelTheThird Apr 2025 #7

I guess if 1000% profit margin isn't enough, they can gouge customers even more MichMan Apr 2025 #8

I can't afford Nikes now Tickle Apr 2025 #6

bucolic_frolic

(53,802 posts)

1. $69 shoes for $117.99

Reply to Beachnutt (Original post)

Thu Apr 3, 2025, 05:35 AM

Apr 2025

You are now a philanthropist

MichMan

(16,535 posts)

2. Considering they are made in sweatshops by workers making $1 per hour, they have plenty of profit margin left

Reply to Beachnutt (Original post)

Thu Apr 3, 2025, 05:35 AM

Apr 2025

Tariffs are based on the declared value of the goods, not retail selling cost

bucolic_frolic

(53,802 posts)

3. Value Added Tax would be far more accurate and an easier sell

Reply to MichMan (Reply #2)

Thu Apr 3, 2025, 05:40 AM

Apr 2025

MichMan

(16,535 posts)

4. Doesn't change the fact that the $69 shoes cost less than $5 to make

Reply to bucolic_frolic (Reply #3)

Thu Apr 3, 2025, 05:47 AM

Apr 2025

Last edited Thu Apr 3, 2025, 06:45 AM - Edit history (2)

A 47% tariff means they cost Nike $6.90 a pair.

Still gives them a 1000% profit margin. I think they can still get by

Beachnutt

(8,873 posts)

5. What's the final cost to the consumer

Reply to MichMan (Reply #4)

Thu Apr 3, 2025, 06:58 AM

Apr 2025

in the United States ?

SamuelTheThird

(553 posts)

7. lol

Reply to MichMan (Reply #2)

Thu Apr 3, 2025, 07:02 AM

Apr 2025

You think Nike is going to eat the tariffs and not raise prices?

MichMan

(16,535 posts)

8. I guess if 1000% profit margin isn't enough, they can gouge customers even more

Reply to SamuelTheThird (Reply #7)

Thu Apr 3, 2025, 07:04 AM

Apr 2025

They can charge whatever they like regardless of tariffs. Greed has no bounds

Tickle

(4,131 posts)

6. I can't afford Nikes now

Reply to Beachnutt (Original post)

Thu Apr 3, 2025, 06:59 AM

Apr 2025

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