3 ms·

It is a tax on businesses who import things right? Basically exactly the same as corporate income tax, which Trump cut in his first term. Now the tax is being

by Dig1t 1y ago

It is a tax on businesses who import things right? Basically exactly the same as corporate income tax, which Trump cut in his first term. Now the tax is being raised on companies who import goods made overseas, but companies who make their product in the US don’t have to pay the tax. If you are usually the type of person that supports taxing the rich and taxing large businesses, shouldn’t tariffs be something that you generally are in favor of?

mrheosuper 1y ago
only if the rich do not pass the cost down to the bottom 80%
- Dig1t 1y ago
  Right but isn’t that then a case against all taxes on corporations? You could say that corporate income taxes are also bad because they will be passed on to the consumer in the exact same way a tariff is. A tariff is just a normal tax which only applies to imported goods. All taxes on businesses will be passed on to the consumer in the same way any expense is.
DangitBobby 1y ago
It's not as simple as "companies who make their product in the US don't have to pay the tax". Companies that import to assemble here or import raw materials to manufacture here also pay tariffs. And no, thinking "tax the rich" is a good idea is not the same thing as thinking it's a good idea to add taxes that are passed directly to consumers. You're doing this narrative slight of hand where you are placing taxes that would successfully target the wealthy in the same bucket as ones that are easily passed on to consumers. Don't do that if you want a constructive conversation.
- Dig1t 1y ago
  Right but my question is basically how is this different than any other type of corporate tax? What is the difference between “taxes that are passed directly to consumers” and normal taxes? Don’t ALL taxes get passed to consumers? What is different about tariffs that makes them more likely to be passed to consumers vs normal income taxes?

by Dig1t 1y ago

mrheosuper 1y ago

only if the rich do not pass the cost down to the bottom 80%

Dig1t 1y ago
Right but isn’t that then a case against all taxes on corporations? You could say that corporate income taxes are also bad because they will be passed on to the consumer in the exact same way a tariff is. A tariff is just a normal tax which only applies to imported goods. All taxes on businesses will be passed on to the consumer in the same way any expense is.

DangitBobby 1y ago

It's not as simple as "companies who make their product in the US don't have to pay the tax". Companies that import to assemble here or import raw materials to manufacture here also pay tariffs. And no, thinking "tax the rich" is a good idea is not the same thing as thinking it's a good idea to add taxes that are passed directly to consumers. You're doing this narrative slight of hand where you are placing taxes that would successfully target the wealthy in the same bucket as ones that are easily passed on to consumers. Don't do that if you want a constructive conversation.

Dig1t 1y ago
Right but my question is basically how is this different than any other type of corporate tax? What is the difference between “taxes that are passed directly to consumers” and normal taxes? Don’t ALL taxes get passed to consumers? What is different about tariffs that makes them more likely to be passed to consumers vs normal income taxes?