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Oct 07, 2018, 03:35 PM
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Prof100's Avatar
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Trump Tariff passed through as a tax on RC consumers


Here you go. The Trump tariffs on China are just a tax passed on to the consumer. How about taxing the billionaires with 2.9% income tax? Tariffs on Chinese goods imported to USA will have tariff jumping to 25% in 2019. So, buy now or pay the Trump tariff consumer tax which will go up significantly next year.

You will see it at Walmart, Best Buy and across the spektrum of retail sales.

By the way, how is that Big temporary Trump income tax cut you got from the Donald doing for you?

“The recent rise in gasoline prices has added about $30 a month in costs for the average American consumer, Bank of America Corp. economist Joseph Song estimated Wednesday in a report. That compares with an average monthly savings of $78 a month due to the tax cuts.

Pump prices have climbed to a national average of $2.87 per gallon, up from $2.49 at the start of the year, according to the motorists' group AAA. Bank of America's Song estimates that a price of $4 per gallon would completely wipe out all of the savings from Trump's tax cuts.”


Last edited by Prof100; Oct 08, 2018 at 07:36 AM.
Oct 07, 2018, 06:12 PM
AeroDan
Quote:
Originally Posted by Prof100
Here you go. The Trump tariffs on China are just a tax passed on to the consumer. How about taxing the billionaires with 2.9% income tax?

Since us aero modelers are in the minority, why doesn’t this surprise me?
Oct 07, 2018, 08:46 PM
Registered User
It should hit most electronics in the long term. Specifically those made in China. The big brand name items will not be as noticeable at first. Those taxes will partially or completely come out of the profit margin of the importer. More and more of the cost will be passed along as time go on so that consumers are not shocked by a price increase. Prices for items with less margin will have to be adjusted.
Oct 07, 2018, 09:20 PM
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Prof100's Avatar
Quote:
Originally Posted by carlcorn
It should hit most electronics in the long term. Specifically those made in China. The big brand name items will not be as noticeable at first. Those taxes will partially or completely come out of the profit margin of the importer. More and more of the cost will be passed along as time go on so that consumers are not shocked by a price increase. Prices for items with less margin will have to be adjusted.
This is the first one I have seen where the tariff is called out as a line item in my bill or invoice.
Oct 08, 2018, 06:53 AM
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Prof100's Avatar
By the way, the import tariffs have gone up and more tariffs mean more pass through of the Trump taxes on consumers.
Oct 08, 2018, 10:42 AM
It flies? I like it!
Prof, you will delete this but... seems that gas prices are still better than they were for the bulk of the previous administration...

As far as the tariffs, they are meant to make you buy less Chinese stuff. Not much but Chinese in our hobby so yes, we will see increased prices. Some of us are OK with that if it means more jobs here instead of there.

And no, I don't particularly care for any of our recent leaders,
Oct 08, 2018, 11:02 AM
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Prof100's Avatar
Quote:
Originally Posted by Lomcevak
Prof, you will delete this but... seems that gas prices are still better than they were for the bulk of the previous administration...

As far as the tariffs, they are meant to make you buy less Chinese stuff. Not much but Chinese in our hobby so yes, we will see increased prices. Some of us are OK with that if it means more jobs here instead of there.

And no, I don't particularly care for any of our recent leaders,
The Trump sales tax (tariff) is passed on to the consumer. Plain and simple. The tax cust to the middle class is temporary. Costs $1.5 trillion and most of it went to the uber rich. Oil prices lowered with advent of fracking. See the Forbes article about how and fracking lowered gas prices.
https://www.forbes.com/sites/jamesta.../#3e12b92e30ce

Mr. Trump adds 1.5 trillion dollars of debt to fund tax cuts. Borrows money from China by selling federal bonds to China (who imposed tariffs on farm goods) to subsidize the farmers who see farm prices drop due to lack of Chinese sales. It is insane.

What happened to the fiscally Republican conservative majority? Paul Ryan, house majority leader has no spine.
Last edited by Prof100; Oct 08, 2018 at 11:31 AM.
Oct 08, 2018, 02:30 PM
Government is a fearful master
electroman7's Avatar
Quote:
Originally Posted by Prof100
The Trump sales tax (tariff) is passed on to the consumer. Plain and simple. The tax cust to the middle class is temporary. Costs $1.5 trillion and most of it went to the uber rich. Oil prices lowered with advent of fracking. See the Forbes article about how and fracking lowered gas prices.
https://www.forbes.com/sites/jamesta.../#3e12b92e30ce

Mr. Trump adds 1.5 trillion dollars of debt to fund tax cuts. Borrows money from China by selling federal bonds to China (who imposed tariffs on farm goods) to subsidize the farmers who see farm prices drop due to lack of Chinese sales. It is insane.

What happened to the fiscally Republican conservative majority? Paul Ryan, house majority leader has no spine.
Trump hits China with over $200 billion in tariffs. China hits the U.S. with $60 billion in retaliation. Notice the disparity?.. We make a lot more money off the Chinese imports..
They, not so much. Why? They don't buy our stuff so we don't lose much when there is not much to lose to start with. They lose massively because we are their main trading partner. They will be settling for a more level trading balance before long. These tariffs are not gonna be long term.. Their economy is staggering on the precipice as it is. Before they let it topple, they will negotiate. Trump knows this. Look at Canada.. At first they spurned
Trumps offers but eventually, they accepted what he was offering..
Oct 08, 2018, 02:40 PM
It's 5 O'clock Somewhere
RumRunner_1492's Avatar
China announced last week they were lowering a bunch of their tariffs starting on November 1.

The only reason some of the Trump tax cuts are temporary is because of the democrats. If you aren't happy with them expiring then don't vote for democrats.
Oct 08, 2018, 02:56 PM
World's most interesting cat.
RCWorks's Avatar
81 cents! OMG the sky is falling!!!
Oct 08, 2018, 02:57 PM
World's most interesting cat.
RCWorks's Avatar
I'd like to see it high enough to make an American start manufacturing the same goods here.
Oct 08, 2018, 03:15 PM
Registered User
Quote:
Originally Posted by RCWorks
I'd like to see it high enough to make an American start manufacturing the same goods here.

Yea butt butt libs do not see it that way because President Trump did it. Now if would of been Obummer there dream for world order it would be totally different best thing since sliced cheese.
Oct 08, 2018, 03:37 PM
Registered User
Prof100's Avatar
Quote:
Originally Posted by RumRunner_1492
China announced last week they were lowering a bunch of their tariffs starting on November 1.

The only reason some of the Trump tax cuts are temporary is because of the democrats. If you aren't happy with them expiring then don't vote for democrats.
Nope, dead wrong. Who holds the majority in the house and Senate? Answer: Republicans.

Who wrote the tax bill? Answer: Republicans

Who signed the tax bill with temporary tax cuts for middle class? Answer: Donald Drumpf, POTUS.

Democrats are in the minority in Congress. Check your facts. ��

Dec 19, 2017 · In 2027, households earning $1 million or more — estimated to be 0.6 percent of all filers — would be getting 81.8 percent of the total benefit, even though their average tax break would be about $46,000 smaller in 2027 than in 2018.
Last edited by Prof100; Oct 08, 2018 at 06:20 PM.
Oct 08, 2018, 03:54 PM
It's 5 O'clock Somewhere
RumRunner_1492's Avatar
Quote:
Originally Posted by Prof100
Nope, dead wrong. Who holds the majority in the house and Senate? Answer: Republicans.

Who wrote the tax bill? Answer: Republicans

Who signed the tax bill with temporary tax cuts for middle class? Answer: Donald Drumpf, POTUS.

Democrats are in the minority in Congress. Check your facts. 😁
The wrong facts all belong to you my friend. Because of the way the law had to be written the tax cuts for income could only be temporary. The republicans needed 9 votes from democrats to be able to make them permanent. A simple majority was not enough to pass the law. Had the democrats cared about providing tax cuts for the middle class they would've supported the tax cuts and voted for them. Since they would not the only option to provide tax cuts to the middle class was to do it on a temporary basis. If you want the tax cuts to become permanent vote for republicans. Those are the facts.

https://www.businessinsider.com/trum...porary-2017-11
Oct 08, 2018, 04:00 PM
Government is a fearful master
electroman7's Avatar
Quote:
Originally Posted by Prof100
Nope, dead wrong. Who holds the majority in the house and Senate? Answer: Republicans.

Who wrote the tax bill? Answer: Republicans

Who signed the tax bill with temporary tax cuts for middle class? Answer: Donald Drumpf, POTUS.

Democrats are in the minority in Congress. Check your facts. 😁
Ever wondered if there would be any tax cuts if the Dems had control. All they ever promise is tax increases


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