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> You really don't need ANY study to know the obvious thing that tariffs are taxes on imports. It is being paid by Americans from DAY 1. The only difference bei

> You really don't need ANY study to know the obvious thing that tariffs are taxes on imports. It is being paid by Americans from DAY 1. The only difference being American Companies were taking the brunt of it all and it is now obvious that they cannot keep swallowing it and will eventually pass it on to the American consumers. I say they exact same thing to my liberal friends who endorse corporate tax increases, but they don't think it is obvious that companies will eventually pass it on to the American consumers.

kshri24 9mo ago
Corporate tax or even personal income tax is not the same as tax on cost of the product itself. As a corporate, I can structure my expenses in such a way that I never pay tax irrespective of whether the tax rate is 10% or 50%. There are ways to do that (through deductions/expenses/investments in assets that can be depreciated and included as expenses etc) and even defer my earnings over a period of time. You have various ways to reduce final tax liability. You cannot escape paying tariffs or sales tax as it is levied on the product you are purchasing. It is not a tax that is levied AFTER you have calculated your income.