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Historic NY

(39,767 posts)
9. VAT, tariffs and high prices
Wed Apr 2, 2025, 09:00 PM
Apr 2025

value add tax every places along the production chain add their piece of the pie, the consumer in the end pays for it all. This is a consumption tax its more likely to cause more pay for those that can least afford it. The rich don't but much small ticket stuff. A trip to Walmart means paying more, a trip to buy a chair means you pay more, buying small appliances, means more.....etc It isn't a substitute for a sales tax, you'll still have that too.

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Most people don't even pay income tax. Upper incomes do. Hmmmm 617Blue Apr 2025 #1
uh huh. That is why the average person pays more in taxes than niyad Apr 2025 #4
Guarantee much of MAGA thinks payroll taxes are income tax. 617Blue Apr 2025 #6
The people who don't pay federal income tax - mainly those who earn less than $30,000, Ocelot II Apr 2025 #8
originally, I thought this was the poster's honest opinion stopdiggin Apr 2025 #11
He wants to shift the burden from upper income to lower. * 617Blue Apr 2025 #15
okay. and that's if we're going to go out on a limb stopdiggin Apr 2025 #17
The lower income people will now be paying taxes in lieu of income taxes. Sogo Apr 2025 #12
He can't do it; that would require an act of Congress. Ocelot II Apr 2025 #2
Well, he's doing all kinds of things the he can't legally do, that require acts of Congress. Sogo Apr 2025 #3
The way these guys operate, who knows. unblock Apr 2025 #5
Isn't this Congress' job? C_U_L8R Apr 2025 #7
VAT, tariffs and high prices Historic NY Apr 2025 #9
Not suggesting it's a substitute for a sales tax, but in TSF's mind a possible substitute for INCOME taxes. Sogo Apr 2025 #10
States and localities will still keep their sales taxes. Historic NY Apr 2025 #13
Agree. Sogo Apr 2025 #14
KNOWN reason: Tariffs fell most heavily on those who could least afford them. Income tax was preferred by most Americans eppur_se_muova Apr 2025 #16
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