Tariffs….

Sony of America ate the other 5%. But …I thought I wasn’t going to have to pay any price increases? What happened???? It’s like I’m being charged a 10 % consumption tax?
 
More likely Sony of Japan eats it as Japan has higher income tax rates than the US does. At least that’s how they should do it.
 
I told you….we need you buddy. These Fortune 500 companies have a huge hole that needs your consulting
 
By the way Bob, just for your future negotiations, the company where the FDI is located and where the tariff is being supplied is on the hook for the Tariff.
Meaning, in this case that import fee is coming out of Sony of America the importer and not Sony of Japan. I don’t want you to go to jail for tax evasion.
 
Big international companies like Sony have entire departments just to deal with optimizing transfer prices between entities to get the costs where it makes the most sense for taxes.
 
Bob can you stfu please. I’m more interested in what the 24yo G4 Amazon employee of the week has to say
 
Man I’ve got to hand it to Trump though. He’s figured out a way to implement a consumption tax and you liberals are pretty happy to pay it!
 
Libertarians were always for a consumption tax vs an income tax. Now we just need to find out what that blended consumption tax is that has been imposed on us.
 
Rich folks can change income tax to gains and avoid income tax which is why Buffet always pops off about his secretary paying more income tax
You can't hide what you consume and rich people consume more so they would pay more. Could be worth a shot
 
What would bring in more/less tax revenue, and what is “fair” aside, anyone seeking liberty and freedom from their government should prefer a consumption tax vs an income tax.
 
Bob_C said:
What would bring in more/less tax revenue, and what is “fair” aside, anyone seeking liberty and freedom from their government should prefer a consumption tax vs an income tax.
Click to expand...
End the Fed, repeal the 16th amendment.
Ka Ching for the average Joe.
 
Yep. All the tariff talk is just noise to get you to forget the real reason why everything is so expensive.
 
The most insidious thing about the income tax is that the government gets paid before you do if you're a wage earner which most are. It becomes accepted and forgotten.
When you write the check you feel it
 
That and they can put a lien on your house or business for failure to pay. So basically you are an employee of the government. Wouldn’t be the case with a consumption tax.
 
I agree guys. You should go public with your plans to put the tax burden on lower income families and lessen them on Musk.
 
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