Trump tariffs ruled illegal
Comments
-
A question arises. How much of a sales tax or gas tax is passed onto the consumer?
-
All depends on elasticity, which is way over AOG’s head.
-
-
Bob C is trying to pull an argument from authority, which tries to explain away huge tariffs, which are
taxes, oh, I mean fees, with economic buzzwords and condescension. -
Bob C the fake intellectual
-
A tax per gallon is collected at the pump and remitted to the state. The sales tax is a percentage of the retail price and collected at the register and remitted to the state. The seller retains the sales price. That is the elastic portion. If the retailer has a 20% gross margin and he charges $100, they send $8 (8% sales tax rate) to the state. If he wants a 33.3% gross margin he charges $120 on for his $80 of CGS. And sends $9.60 in collected sales tax to the state.
With a tariff, the seller can legally avoid the tariff or minimize it from buying from either a domestic source or from buying from a lower tariff country. Just like people in Washington drive across the border to Oregon and buy stuff and drive it back to Washington and then illegally not remit the use tax to Olympia. Legal versus illegal avoidance.
-
Some will pass them along to consumers, but they will pay for that indirectly through market share losses if their competition or substitution does not pass them along. This isn’t an appeal to authority, it’s basic stuff that you can’t seem to grasp.
-
You're just trying to smoke people with economic ramifications… yes, the market will change. I didn't say it wouldn't. No amount of intellectualization stops the tariffs. I can beat you at your game here.
-
"No amount of intellectualization stops the tariffs. I can beat you at your game here."
Interesting is that you have argued there is no rational intellectual support for Trump's tariffs and yet all your "intellectualization" hasn't stopped the tariffs. So, I guess you get a check mark on that. Keep playing for the away team.
-
What else is there to discuss besides economic ramifications?
