If Tariffs Are "A National Sales Tax"...

[Poor Richard Saunders]

It's not my responsibility to prove or disprove statements you made, is it?

Did the information at the link you posted that you've purported to have read support your assertions, or not?

Yes, or no?

.

Did you read the information at that link, or just post it hoping it'd prove your point?

What evidence do you have that there was no support at the link?

 

[Diogenes]

What evidence do you have that there was no support at the link?

I didn't say that there was no support at the link, did I?

I asked if you'd read the information at that link, or just posted it hoping it'd prove your point.

I asked if the information at the link you posted that you've purported to have read supports your assertions, or not.

Well?

 

[Nomad]

I don't recall saying that "Biden kept Trump tariffs in place that were 60% or more".

If you think I did, that's your issue, not mine.

No, but your argument in favor of trump's proposed tariffs has been "if they're so bad why did Biden keep them in place?" without mentioning or acknowledging the differences.

I merely pointed out the differences you failed to mention or acknowledge.

Now you're playing that stupid, childish little game of yours where you ask "where did I say that?"

You and that IBDaMoron asswipe must attend the same junior high school together.

 

[Diogenes]

your argument in favor of trump's proposed tariffs has been "if they're so bad why did Biden keep them in place?"

Is that so? When did I supposedly say that?

 

[NiftyNiblick]

You can donate as much as you like:

Citizens who wish to make a general donation to the U.S. government may send contributions to a specific account called "Gifts to the United States."

This account was established in 1843 to accept gifts, such as bequests, from individuals wishing to express their patriotism to the United States. Money deposited into this account is for general use by the federal government and can be available for budget needs.

These contributions are considered an unconditional gift to the government. Citizens can make financial donations electronically through pay.gov or in paper form.

• At pay.gov, you can contribute online from your bank account (ACH), PayPal, debit or credit card.
• You can write a check or money order, payable to the United States Treasury, and in the memo section notate that it's a gift to the United States. Mail your check or money order to the address below.

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Any tax-related questions regarding these contributions should be directed to the Internal Revenue Service at 800-829-1040.

Bureau of the Fiscal Service - Public

fiscal.treasury.gov

I speak of imposed taxes, not gifts.
The distribution of wealth in America is indefensible, and the reason is our regressive tax system.

 

[Diogenes]

I speak of imposed taxes, not gifts.

So your generosity is limited to other people's money, as I suspected?

 

[Tbird19482]

I asked to see your figures. You think that's what I meant? Please, do tell me you're just stalling for time.

And are you so stupid you can't figure out what I posted????
it is basic math MORON if you put on a tariff of 20% it is 4 TIMES more then a tariff of 5% and 5 times more if it is a 25% tariff. and on and on.
And a higher tariff does more damage to our economy then a low tariff.
again MORON a tariff of 20. 25,30 40 Percent does a lot more damage the a tariff of 5% and those higher tariffs will be passed on to the consumer and will drive up the cost of just about EVERYTHING we buy,
BOY you ARE a MORON

 

[Diogenes]

And are you so stupid you can't figure out what I posted???? it is basic math MORON if you put on a tariff of 20% it is 4 TIMES more then a tariff of 5% and 5 times more if it is a 25% tariff. and on and on. And a higher tariff does more damage to our economy then a low tariff. again MORON a tariff of 20. 25,30 40 Percent does a lot more damage the a tariff of 5% and those higher tariffs will be passed on to the consumer and will drive up the cost of just about EVERYTHING we buy,
BOY you ARE a MORON

So my dankest expectations were exceeded.

I can't say that I'm shocked.

 

[Diogenes]

For the benefit of the louche lefties who are obviously unable to answer straightforward questions about their own uninformed utterances I, as a magnanimous and noble benefactor, do hereby cast these pearls before the simple swine that root retardedly in the muddy mire beneath my figurative feet:

President Trump imposed various tariffs during his term, with some key percentages as follows:

• Steel: 25%.
  
  
• Aluminum: 10%.
  
  
• Solar Panels: Initially at 30%, dropping to 15% over four years.
  
  
• Washing Machines: Ranged from 20% to 50%.
  
  
• Chinese Goods: Tariffs under Section 301 ranged from 7.5% to 25% on different lists of goods.
  
  

President Biden maintained most of Trump's tariffs with some modifications and additions:

• Steel and Aluminum: Continued the 25% and 10% tariffs, respectively, with some countries receiving tariff-rate quotas.
• Chinese Goods: Biden increased tariffs on $18 billion worth of Chinese imports, with specific items like electric vehicles seeing a 100% tariff, semiconductors and solar cells at 50%, and others like EV batteries at 25%.
  
  
• Other Tariffs: He kept the majority of Trump's tariffs on Chinese goods, including those at rates of 25%, and added new tariffs on specific goods.

These percentages reflect the policy actions taken by both administrations up to the most recent updates

---

American companies can write off their foreign taxes against their U.S. taxes through the mechanism known as the Foreign Tax Credit. This credit allows U.S. corporations to reduce their U.S. tax liability by the amount of income taxes paid to foreign governments on income earned abroad. Here's how it works:

• Foreign Tax Credit: U.S. companies can claim a credit for the taxes they pay to foreign countries on their foreign income. This prevents double taxation of the same income by both the foreign country and the U.S. The credit can be applied against the U.S. tax liability on that income. For example, if a U.S. company pays $100 in taxes to a foreign government on income earned there, and would owe $150 to the U.S. on that income, the company can use the foreign tax credit to reduce its U.S. tax liability to $50 ($150 U.S. tax liability - $100 foreign tax credit).
• Limitations and Pooling: The credit is not unlimited; it's subject to limitations based on U.S. tax liability on the foreign income. Companies can pool credits within separate income baskets or categories, allowing excess credits from high-tax countries to offset U.S. taxes on income from low-tax countries. However, there are specific rules regarding what types of income and taxes qualify for the credit.
• Deduction vs. Credit: Companies have the option to either take a credit or a deduction for foreign taxes paid. Taking a credit is generally more beneficial as it directly reduces the U.S. tax dollar-for-dollar, whereas a deduction would only reduce taxable income, which might not offer the same level of tax reduction, depending on the company's effective tax rate.

Thus, U.S. companies have mechanisms to mitigate the impact of double taxation on their foreign earnings through the Foreign Tax Credit system.

 

[Diogenes]

Where'd the equivocators go?

The current U.S. corporate tax rate is somewhat in line with many countries around the world, but it varies depending on how you measure it.

• Statutory Rate: The U.S. federal corporate tax rate is set at 21%, following the Tax Cuts and Jobs Act of 2017. When combined with state and local taxes, the average combined corporate tax rate can be higher. According to recent data, the combined rate in the U.S. averages around 25.7%, which places it slightly above the OECD average of 24% but below the average when weighted by GDP. This positions the U.S. rate closer to the middle of the pack when compared globally, especially among developed nations.
  
  
• Effective Tax Rates: However, the effective tax rate, which accounts for deductions, credits, and other tax incentives, can be significantly lower than the statutory rate. Various studies suggest that the actual tax burden on U.S. corporations can be less than the statutory rate, aligning more closely with or even below some international averages when looking at effective rates.
  
  
• Global Trends: There's been a global trend towards lowering corporate tax rates over the last few decades, with a leveling off in recent years. Many countries now have rates below 30%, and the U.S. has followed this trend by reducing its rate from a high of 35% before the 2017 tax reform.
  
  
• Comparative Analysis: When looking at posts on X, there's an acknowledgment that the U.S. statutory rate is now more in line with global standards after the 2017 tax changes, moving from one of the highest to a more median position among developed nations.
  
  

In summary, the U.S. corporate tax rate, particularly the statutory rate, is now more in line with many countries around the globe, though the effective rate can vary widely due to tax benefits and other factors. However, it's important to consider both statutory and effective rates for a comprehensive view.

 

[Tbird19482]

So my dankest expectations were exceeded.

I can't say that I'm shocked.

Well I am not shocked either I though the concept of 20% being four times more then 5 percent was way over your head and I was right .
You are so stupid you can't even figure out that 20,25,30 ,40,50 200 percent is a LOT more then 5 %.

 

[Diogenes]

Well I am not shocked either I though the concept of 20% being four times more then 5 percent was way over your head and I was right . You are so stupid you can't even figure out that 20,25,30 ,40,50 200 percent is a LOT more then 5 %.

Missed this, did you?

President Trump imposed various tariffs during his term, with some key percentages as follows:

• Steel: 25%.
  
  
• Aluminum: 10%.
  
  
• Solar Panels: Initially at 30%, dropping to 15% over four years.
  
  
• Washing Machines: Ranged from 20% to 50%.
  
  
• Chinese Goods: Tariffs under Section 301 ranged from 7.5% to 25% on different lists of goods.
  
  

President Biden maintained most of Trump's tariffs with some modifications and additions:

• Steel and Aluminum: Continued the 25% and 10% tariffs, respectively, with some countries receiving tariff-rate quotas.
• Chinese Goods: Biden increased tariffs on $18 billion worth of Chinese imports, with specific items like electric vehicles seeing a 100% tariff, semiconductors and solar cells at 50%, and others like EV batteries at 25%.
  
  
• Other Tariffs: He kept the majority of Trump's tariffs on Chinese goods, including those at rates of 25%, and added new tariffs on specific goods.

These percentages reflect the policy actions taken by both administrations up to the most recent updates

 

[Tbird19482]

Missed this, did you?

President Trump imposed various tariffs during his term, with some key percentages as follows:

• Steel: 25%.
  
  
• Aluminum: 10%.
  
  
• Solar Panels: Initially at 30%, dropping to 15% over four years.
  
  
• Washing Machines: Ranged from 20% to 50%.
  
  
• Chinese Goods: Tariffs under Section 301 ranged from 7.5% to 25% on different lists of goods.
  
  

President Biden maintained most of Trump's tariffs with some modifications and additions:

• Steel and Aluminum: Continued the 25% and 10% tariffs, respectively, with some countries receiving tariff-rate quotas.
• Chinese Goods: Biden increased tariffs on $18 billion worth of Chinese imports, with specific items like electric vehicles seeing a 100% tariff, semiconductors and solar cells at 50%, and others like EV batteries at 25%.
  
  
• Other Tariffs: He kept the majority of Trump's tariffs on Chinese goods, including those at rates of 25%, and added new tariffs on specific goods.

These percentages reflect the policy actions taken by both administrations up to the most recent updates

And we could still buy that stuff from a different country not like he wants to do now and put a min of 20/25% across the board on ALL imports,
YOU do understand what ALL means don't you?
Raising the price of just about EVERYTHING we buy by that 20/25 percent OR MORE.
And again I guess in your little mind Tariffs are GOOD when a Republican puts them on and bad when a DEM President leaves them on.
And those tariffs will effect , not only oil imports , electrical imports driving up the cost of those 2 EVER important products that just about EVERYBODY uses , Price of steel will go up, wood, plastics and most all electronics.
The Tariffs Trump put on before were for selective countries NOT ACROSS THE BOARD like he says he will do now.

 

[Diogenes]

And we could still buy that stuff from a different country not like he wants to do now and put a min of 20/25% across the board on ALL imports, YOU do understand what ALL means don't you? Raising the price of just about EVERYTHING we buy by that 20/25 percent OR MORE. And again I guess in your little mind Tariffs are GOOD when a Republican puts them on and bad when a DEM President leaves them on. And those tariffs will effect , not only oil imports , electrical imports driving up the cost of those 2 EVER important products that just about EVERYBODY uses , Price of steel will go up, wood, plastics and most all electronics. The Tariffs Trump put on before were for selective countries NOT ACROSS THE BOARD like he says he will do now.

No acknowledgment of your factual errors?

 

[Tbird19482]

No acknowledgment of your factual errors?

LOL WHAT errors?
a tariff of 25 % IS five times a tariff of 5% what don't you understand about that?
and Trump says he is going to put a 20/25% tariff on EVERYTHING that is imported.
and we import a LOT of stuff, again we import OIL, ELECTRIC , WOOL, electronics, car parts, As I have pointed out before you MAGA morons cried that gas prices were too high under Biden but now you want a 25% OR more tariff on oil and the CEOs of several oil companies have said that might drive the cost of gas and fuel up about a dollar a gallon, and that price increase will be passed on to the consumer increasing the price of just about everything we buy even MORE .
FACT is if you bought it it was on a truck some time in the manufacturing and delivery process.
MY point is tariffs of 20,25,30 40 60 200% are going to hurt the AMERICAN consumer big time, driving us into a recession / depression like the top economists say it will.
And this time it will be intentional.

 

[Diogenes]

LOL WHAT errors? a tariff of 25 % IS five times a tariff of 5% what don't you understand about that? and Trump says he is going to put a 20/25% tariff on EVERYTHING that is imported. and we import a LOT of stuff, again we import OIL, ELECTRIC , WOOL, electronics, car parts, As I have pointed out before you MAGA morons cried that gas prices were too high under Biden but now you want a 25% OR more tariff on oil and the CEOs of several oil companies have said that might drive the cost of gas and fuel up about a dollar a gallon, and that price increase will be passed on to the consumer increasing the price of just about everything we buy even MORE . FACT is if you bought it it was on a truck some time in the manufacturing and delivery process. MY point is tariffs of 20,25,30 40 60 200% are going to hurt the AMERICAN consumer big time, driving us into a recession / depression like the top economists say it will. And this time it will be intentional.

There are plenty of tariffs in that list higher than 25%. Are you drunk?

 

[Tbird19482]

There are plenty of tariffs in that list higher than 25%. Are you drunk?

Did I ever say there WASN'T?
YOU must be the one that is DRUNK.
And as I have said tariffs of percentages that high ( 20/30/40 % or MORE ) will do great harm to the AMERICAN people and the US economy, EVEN your Orange GOD has said they could raise prices of just about everything we buy.

did Trump say his tariffs may cause prices to go up - Bing

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AGAIN even the TOP economists in the world are saying they will raise prices on everything we buy and could cause a deep recession / depression.
That is what you ASSHOLES voted for, High inflation, maybe a recession / depression and the destruction of the US economy and the USA as we have known it all our lives.

 

[Diogenes]

Did I ever say there WASN'T? YOU must be the one that is DRUNK. And as I have said tariffs of percentages that high ( 20/30/40 % or MORE ) will do great harm to the AMERICAN people and the US economy, EVEN your Orange GOD has said they could raise prices of just about everything we buy. AGAIN even the TOP economists in the world are saying they will raise prices on everything we buy and could cause a deep recession / depression. That is what you ASSHOLES voted for, High inflation, maybe a recession / depression and the destruction of the US economy and the USA as we have known it all our lives.

Will...

"Top economists"...

Get back to me if it happens. Chicken Little.

 

[Tbird19482]

Will...

"Top economists"...

Get back to me if it happens. Chicken Little.

Like I have said before I hope it doesn't happen but Trump is still saying he is going to put 20% or higher tariffs on everything we import, so when prices go up don't cry too much you MAGAS MORONS got what you wanted so now live with it.

 

[Diogenes]

Like I have said before I hope it doesn't happen but Trump is still saying he is going to put 20% or higher tariffs on everything we import, so when prices go up don't cry too much you MAGAS MORONS got what you wanted so now live with it.

Get back to me if it happens.