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How are tarrifs supposed to be "worse" than income taxes??

Tarrifs sound 180. Its just a consumption tax on foreign ite...
Trump Wins
  11/07/24
it would only be really bad for poors who dont pay any incom...
Trump Wins
  11/07/24
"The very wealthy won't give a shit" there's wh...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
a high-income individual has a very low consumption to incom...
LathamTouchedMe
  11/07/24
yes. we need a sledgehammer because the complexities built i...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
If you think that tariffs are less susceptible to this then ...
piv
  11/07/24
every tax policy is going to be susciptible to some kikery. ...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
You're a retard
.,.,,.,
  11/07/24
LtM, piv, and pumos raging about my position here has made m...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
...
.,.,,.,
  11/07/24
they pay a lower rate because the tax code is designed so th...
LathamTouchedMe
  11/07/24
the income tax code cannot be reformed without a fresh start...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
you pee sitting down and fart cum from your asshole and fuck...
.,.,....,.,.;,.,,,:,.,.,::,...,:,..;,..,
  11/07/24
...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
cr it's essentially a VAT but with the caveat that foreigner...
completely deranged lunatic
  11/07/24
"avoid whatever capital gains they make" can yo...
Live Free or Die.
  11/07/24
i meant "avoiding being taxed on whatever capital gains...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
"taking a loan secured by your wealth is tax free."...
Live Free or Die.
  11/07/24
what is the effective difference taking a 0% interest rate l...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
a 0% loan violates the AFR requirements. so that's not a thi...
Live Free or Die.
  11/07/24
you're getting into semantics with the APR shit. it was a qu...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
Have $100M with brokerage Borrow $30M against assets from ...
DrakeMallardxo
  11/07/24
...
completely deranged lunatic
  11/07/24
oh, and make sure you have an interest in the entity you're ...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
This is how they really do it
Epistemic Humility
  11/07/24
lolwut do you sell rolling covered calls on penny stocks ...
Live Free or Die.
  11/07/24
How is the $30 million loan paid back.
Trump Wins
  11/07/24
same way tsinah's student loans are paid back
prince j'rick mpanama
  11/07/24
It’s generally not a slug at once, but more of a line ...
DrakeMallardxo
  11/07/24
i was watching some furking kike like that bill akman fag i ...
AZNgirl aborting AZNbaby to celebrate Trump Win
  11/07/24
It's called a "margin loan" and anyone with an e-t...
Diamond Dallas Trump
  11/07/24
hard to avoid paying higher prices if they are going to be a...
LathamTouchedMe
  11/07/24
they're disfavored because they disfavor corporations becaus...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
Tariffs aren't necessarily bad for corps at all, it's a pric...
piv
  11/07/24
it's bad for corporations whose business model is reliant on...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
It leads to consolidation in industries and more market powe...
LathamTouchedMe
  11/07/24
if the government needs $100 to function, what is the differ...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
the problem with this kind of thinking is that the US govern...
completely deranged lunatic
  11/07/24
i disagree and think the country needs revenue to function a...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
If it *replaces* most of the income tax I dont see the probl...
Trump Wins
  11/07/24
the environmental aspect is something the trump admin should...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
...
Trump Wins
  11/07/24
ljl there are tons of products that make no sense to manufac...
AZNgirl aborting AZNbaby to celebrate Trump Win
  11/07/24
the whole china slave labor shit needs to come to an end. it...
.,.,....,.,.;,.,,,:,.,.,::,...,:,..;,..,
  11/07/24
its not a thing u furking retard
AZNgirl aborting AZNbaby to celebrate Trump Win
  11/07/24
yes it is you CCP cockchugger. we're better off pulling the...
.,.,....,.,.;,.,,,:,.,.,::,...,:,..;,..,
  11/07/24
IF you subscribe they a disguised sales tax, then this is th...
Fry Mumia
  11/07/24
just do disincentivize consumption, bro
Monday Preceding Apocalypse
  11/07/24
Whats wrong with that. There are aburd levels of consumption...
Trump Wins
  11/07/24
it's amazing how amazon is basically temu now.
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
one reason tariffs are stupid is because they encourage an a...
Cornel West
  11/07/24
so what. american can be self sufficient. we can produce wha...
Trump Wins
  11/07/24
We’re going to eventually have to do a VAT
Epistemic Humility
  11/07/24
oh silly goy they're never going to do that no matter how ne...
completely deranged lunatic
  11/07/24
Tariffs in the abstract and tariffs of a magnitude to replac...
sph
  11/07/24
stop being smart. this is xoxo
Trust If Aryan
  11/07/24
...
Epistemic Humility
  11/07/24
i think tariffs to replace income tax is more of an aspirati...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
Tariff revenue in 2024 was $80 billion. We certainly could ...
sph
  11/07/24
every major policy requires discipline and legislative conti...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
(Guy who doesn’t buy things)
Epistemic Humility
  11/07/24
Correct. My family consumes little. Old car (just one). Push...
Trump Wins
  11/07/24
Lmfao at XO posters genuinely arguing tariffs are great.
Epistemic Humility
  11/07/24
lmfao as "based trumpmos!" coming here and arguing...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
It is. He’s also retarded.
Epistemic Humility
  11/07/24
why didn't the biden admin remove trump's tariffs?
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
Lol at shitlibs arguing Income Taxes are great.
Trump Wins
  11/07/24
also easier as a concept. just have every fucking person ...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
53 percent don’t pay after rebates
Epistemic Humility
  11/07/24
Great, they can pay through tarrifs. Tired of subsidizing th...
Trump Wins
  11/07/24
But we still have to file a return and live under the fear o...
GNOME CHOMSKY
  11/07/24
tariffs increase the price of goods to the price of the dome...
sealclubber
  11/07/24
Everything worth having is viable to make in the USA.
Trump Wins
  11/07/24
barely anything is viable to make in the US dumbass, u are t...
AZNgirl aborting AZNbaby to celebrate Trump Win
  11/07/24
US share of global manufacturing is like 20% you fuckin turd...
completely deranged lunatic
  11/07/24
I see 15.9% nigga and stuff like Boeing planes, autos, and r...
AZNgirl aborting AZNbaby to celebrate Trump Win
  11/07/24
we used to make everything here. why is buying all of our tr...
38 BMI and Age Cat Mom Sobbing on TikTok
  11/07/24
cause the economies of scale changed faggot, wages were lowe...
AZNgirl aborting AZNbaby to celebrate Trump Win
  11/07/24
of course it can be again. there just needs to be the incent...
Trump Wins
  11/07/24
Most imported goods, at least by value, are intermediate goo...
...,..,...
  11/07/24


Poast new message in this thread



Reply Favorite

Date: November 7th, 2024 2:20 PM
Author: Trump Wins

Tarrifs sound 180. Its just a consumption tax on foreign items. Importing certain things will cost 1000% more than what they used to cost but you can control what you buy. The very wealthy won't give a shit and middle class can just avoid it. a bunch of new domestic companies will pop up to replace the foreign stuff too.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306209)



Reply Favorite

Date: November 7th, 2024 2:25 PM
Author: Trump Wins

it would only be really bad for poors who dont pay any income taxes. but they should be saving their money anyway. they will be forced to live the dave ramsey lifestyle with tariffs.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306226)



Reply Favorite

Date: November 7th, 2024 2:30 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

"The very wealthy won't give a shit"

there's where you're wrong, bucko. that's exactly the point.

the libs are framing it as a "national sales tax" because they're trying to deceive the middle class to voting against their interest.

wealthy people pay very little in income tax. they have plenty of ways to avoid whatever capital gains they make. their wealth increases tax free. but they still need to buy shit. especially when their wealth is based on business, which requires materials from overseas.

a person with no income that has the ability (necessity) to consume a lot does not benefit from a tariff tax system over an income tax. and that's exactly why the libs (party of the elites) are frothing mad about it.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306247)



Reply Favorite

Date: November 7th, 2024 2:47 PM
Author: LathamTouchedMe

a high-income individual has a very low consumption to income ratio. They're not going to notice tariffs like regular folk will. It's more of a mixed bag for corporations, but like inflation, they tend to have the market power to pass costs on to the consumer.

A consumption tax can potentially work well if you do it like Europe (VAT with graduated brackets). Straight up tariffs are a sledgehammer.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306313)



Reply Favorite

Date: November 7th, 2024 2:50 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

yes. we need a sledgehammer because the complexities built into the code are specifically designed so that the elites who have the resources and incentive to work around them can do so and pay a lower effective tax rate.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306323)



Reply Favorite

Date: November 7th, 2024 2:51 PM
Author: piv

If you think that tariffs are less susceptible to this then LJL

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306328)



Reply Favorite

Date: November 7th, 2024 2:54 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

every tax policy is going to be susciptible to some kikery. you don't think income tax is? wealth tax is 180 as a concept but the problem comes from implementation.

how is "40% from everything imported from china" any different? and before you answer with something like "they could move it through another country", just think about how easy it is to disguise capital gains as loans and the myriad of other kikery that exists. no matter what system has there is going to have to be some enforcement around ensuring people doing weasel around it somehow.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306343)



Reply Favorite

Date: November 7th, 2024 2:54 PM
Author: .,.,,.,

You're a retard

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306347)



Reply Favorite

Date: November 7th, 2024 2:58 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

LtM, piv, and pumos raging about my position here has made me even more confident it is the correct one.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306363)



Reply Favorite

Date: November 7th, 2024 2:54 PM
Author: .,.,,.,



(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306346)



Reply Favorite

Date: November 7th, 2024 2:55 PM
Author: LathamTouchedMe

they pay a lower rate because the tax code is designed so that they pay a lower rate! Attack provisions of the code that allow them to avoid taxation. Some stupid policy from the 19th century isn't going to help.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306353)



Reply Favorite

Date: November 7th, 2024 3:01 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

the income tax code cannot be reformed without a fresh start. and, as a concept, it's retarded as compared to other revenue generation methods. that's why we didn't have it en mase until ww2.

would you say the consolidation of wealth has increased or decreased since we began relying in taxing workers rather than tariffs?

https://upload.wikimedia.org/wikipedia/commons/thumb/e/e0/Federal_taxes_by_type.pdf/page1-800px-Federal_taxes_by_type.pdf.jpg

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306385)



Reply Favorite

Date: November 7th, 2024 2:59 PM
Author: .,.,....,.,.;,.,,,:,.,.,::,...,:,..;,..,


you pee sitting down and fart cum from your asshole and fuck Europe

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306369)



Reply Favorite

Date: November 7th, 2024 3:05 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)



(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306400)



Reply Favorite

Date: November 7th, 2024 2:48 PM
Author: completely deranged lunatic

cr it's essentially a VAT but with the caveat that foreigners do actually pay some of the tariffs themselves, so it's a real gain for citizens

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306319)



Reply Favorite

Date: November 7th, 2024 3:01 PM
Author: Live Free or Die.

"avoid whatever capital gains they make"

can you enlighten me?

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306381)



Reply Favorite

Date: November 7th, 2024 3:04 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

i meant "avoiding being taxed on whatever capital gains they make"

well first are foremost capital gains are already taxed substantial less than income. and there are many methods by which realized capital gains can evade even paying tax. for instance, taking a loan secured by your wealth is tax free.

all you need to do is look at the tax returns of the wealthiest people and their effective tax rate. warren buffett is of the same mind as me here. jeff bezos got child care tax credits meant for poors before.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306399)



Reply Favorite

Date: November 7th, 2024 3:28 PM
Author: Live Free or Die.

"taking a loan secured by your wealth is tax free."

this is bananas. a loan is not a gain.

"all you need to do is look at the tax returns of the wealthiest people and their effective tax rate."

yeah, i'm a CPA. i understand cap gains/rates. there is some element of magical thinking in your original post that just doesn't exist.

its just passive income at that level. you should see what i can help people do with real estate!



(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306520)



Reply Favorite

Date: November 7th, 2024 3:33 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

what is the effective difference taking a 0% interest rate loan of $100k against your holdings versus selling your holdings for $100k in cash?

look, i deal a lot with tax and finance too. of course this is unnuanced because it's for a broad audience. but if you're a CPA than obviously you know that there are many ways to avoid paying tax that the drafters of the code did not intend (or intended loopholes for grift).

do companies pay the big 4 huge sums to ensure they are scrupulously complying with the intent of tax and accounting policy, or do they do it minimize costs as much as possible?

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306554)



Reply Favorite

Date: November 7th, 2024 3:41 PM
Author: Live Free or Die.

a 0% loan violates the AFR requirements. so that's not a thing. a loan involves the requirement to pay it back.

the best ones are ones that are strictly by the book. cost segregation analysis is fantastic. worth every penny. i personally benefited from that. its just depreciation on a silly scale. but that's hardly a loophole. the depreciation is justified only because there is a new retail store-which we do, as a society, want to encourage.

this loan-back thing is beyond silly. if you have a legitimate sneaky snake way to avoid cap gains, tell me. i have a 1031 coming up and i'd rather not.

where i have partners, we pay significant fees for accounting work. but its not secret handshakes and silly plans, just accurate, painful accounting.

now, I (me personally) do crazy shit personally, but it has nothing to do with this conversation.



(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306591)



Reply Favorite

Date: November 7th, 2024 3:49 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

you're getting into semantics with the APR shit. it was a question to illustrate that a loan versus sale can often effectively been the same thing. the same goes with purchasing and leases, which is also a thorny issue when people try to skate around accounting and tax policy.

the loan versus sale thing has several more steps. again, i'm simplifying because a nuanced and accurate discussion of this would require hundreds of pages and not for an online forum audience. you must at least be aware of the concept of schemes available to avoid paying capital gains tax.

the best evidence is the tax returns of billionaires. their effective tax rate is miniscule. certainly not 20%. so how does that happen? again, my tax partners and the big 4 wouldn't be getting paid millions if the point was to pay the taxes the drafters of the code intended.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306622)



Reply Favorite

Date: November 7th, 2024 3:07 PM
Author: DrakeMallardxo (🦆)

Have $100M with brokerage

Borrow $30M against assets from brokerage at 3%, avoid capital gains on sale of assets

Continue rolling loans against assets as assets appreciate

Defer cap gains indefinitely

xoxo

hth

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306409)



Reply Favorite

Date: November 7th, 2024 3:08 PM
Author: completely deranged lunatic



(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306414)



Reply Favorite

Date: November 7th, 2024 3:11 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

oh, and make sure you have an interest in the entity you're "paying interest" to hehe!

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306423)



Reply Favorite

Date: November 7th, 2024 3:30 PM
Author: Epistemic Humility

This is how they really do it

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306527)



Reply Favorite

Date: November 7th, 2024 3:30 PM
Author: Live Free or Die.

lolwut

do you sell rolling covered calls on penny stocks too?

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306532)



Reply Favorite

Date: November 7th, 2024 3:34 PM
Author: Trump Wins

How is the $30 million loan paid back.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306555)



Reply Favorite

Date: November 7th, 2024 3:40 PM
Author: prince j'rick mpanama (1)

same way tsinah's student loans are paid back

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306585)



Reply Favorite

Date: November 7th, 2024 3:40 PM
Author: DrakeMallardxo (🦆)

It’s generally not a slug at once, but more of a line of credit that continues to roll over

It can be repaid with dividend producing assets. You can for instance own a reit spitting out 10% and pay it down. And in this case you aren’t getting raped on taxes from the dividend income as well

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306589)



Reply Favorite

Date: November 7th, 2024 3:36 PM
Author: AZNgirl aborting AZNbaby to celebrate Trump Win

i was watching some furking kike like that bill akman fag i think and he was just openly bragging abt this shit, its so lolzy cause as a prowl i never realized it was that furking easy. its such a scam and fraud, they prob even write off the "interest" they pay the bank

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306564)



Reply Favorite

Date: November 7th, 2024 5:04 PM
Author: Diamond Dallas Trump

It's called a "margin loan" and anyone with an e-trade account can use it to free up cash without selling their stocks in less than 10 seconds. It's a few mouse clicks.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306942)



Reply Favorite

Date: November 7th, 2024 2:42 PM
Author: LathamTouchedMe

hard to avoid paying higher prices if they are going to be as steep and broad as trump is proposing. even domestically produced goods rely on an international market of inputs. It's a regressive tax, like sales taxes. Conservatives used to rail against local sales taxes all the time as regressive (they had a point).

It's not a grand conspiracy. Tariffs are generally disfavored because they suck.

https://www.nytimes.com/2019/04/21/business/trump-tariffs-washing-machines.html

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306293)



Reply Favorite

Date: November 7th, 2024 2:45 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

they're disfavored because they disfavor corporations because they want cheap materials and labor. this is the exact same thing as why the elites are in favor of mass immigration. they want everyone here poorer and for them to pay 100% of the tax burden because that means it cheaper to operate and they can exploit workers more, harvesting more of the profit for themselves.

it's not a sales tax because it's not only borne by consumers of the final product. libs are describing it this way because some retards like you will buy it.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306302)



Reply Favorite

Date: November 7th, 2024 2:48 PM
Author: piv

Tariffs aren't necessarily bad for corps at all, it's a price floor for "domestic" producers

You will see the fuckery around who counts as domestic if the tariffs actually go ahead. So all the pharm companies that book their profits in Ireland and pay no US tax but have a nexus to Delaware will still be "domestic"

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306318)



Reply Favorite

Date: November 7th, 2024 2:51 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

it's bad for corporations whose business model is reliant on cheap goods and labor overseas. i'm referring to those, of course i don't have an issue with a corporation as a concept.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306329)



Reply Favorite

Date: November 7th, 2024 2:51 PM
Author: LathamTouchedMe

It leads to consolidation in industries and more market power for the local producer. They pass on the added cost to the consumer. It's stupid. And you're a moron.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306332)



Reply Favorite

Date: November 7th, 2024 2:57 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

if the government needs $100 to function, what is the difference between extracting that from the manufacturer that is taxed a $100 in imports than the consumer who pays a $100 in income tax?

right, because globalcapitalism is great for reducing consolidation! oh, look at all the small global corporations we have! *farts cum*

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306357)



Reply Favorite

Date: November 7th, 2024 3:03 PM
Author: completely deranged lunatic

the problem with this kind of thinking is that the US government doesn't actually need tax revenue to function. it prints infinity monopoly money to fund everything it "does"

US tax policy is about incentivizing/dis-incentivizing consumption and demand. and some Conspiracy Theorists would also claim that it's wielded as a tool against citizens to cripple their economic independence and relegate them to helpless subjects of the state

you're right ofc about what you're saying

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306394)



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Date: November 7th, 2024 3:08 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

i disagree and think the country needs revenue to function and that there is a limit to funding operations through the printing press.

but our difference of opinion there doesn't matter. whether it's necessary to fund the government or just an incentivization mechanism, obviously taking money from income earners and not the wealthy is going to hurt the income earners. so i think we're in agreement either way.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306413)



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Date: November 7th, 2024 3:12 PM
Author: Trump Wins

If it *replaces* most of the income tax I dont see the problem with paying more to consume items when you need them.

Would be great for the environment too if we cut back and domesticate production of consumer items.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306428)



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Date: November 7th, 2024 3:24 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

the environmental aspect is something the trump admin should really lean into to convince libs.

china is able to charge less in part because of horrible environmental policy and they we have to ship it all the way back here. manufacturing shit domestically ensures it conforms with the environmental policies we have here and you don't have to transport it as far.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306487)



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Date: November 7th, 2024 3:25 PM
Author: Trump Wins



(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306489)



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Date: November 7th, 2024 2:48 PM
Author: AZNgirl aborting AZNbaby to celebrate Trump Win

ljl there are tons of products that make no sense to manufacture in US given wage rates, and on top of that since most amerishits are on METH instead of STEM its not even viable to make higher end shit

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306320)



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Date: November 7th, 2024 3:00 PM
Author: .,.,....,.,.;,.,,,:,.,.,::,...,:,..;,..,


the whole china slave labor shit needs to come to an end. it's fucked up and we just go along with it/pretend it's not a thing

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306376)



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Date: November 7th, 2024 3:42 PM
Author: AZNgirl aborting AZNbaby to celebrate Trump Win

its not a thing u furking retard

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306599)



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Date: November 7th, 2024 4:22 PM
Author: .,.,....,.,.;,.,,,:,.,.,::,...,:,..;,..,


yes it is you CCP cockchugger. we're better off pulling the band aid from their bullshit and finally put in automation here, even if it means amazon garbage will be slightly more expensive for a little while

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306774)



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Date: November 7th, 2024 2:50 PM
Author: Fry Mumia

IF you subscribe they a disguised sales tax, then this is the classic tax on consumption or production debate.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306324)



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Date: November 7th, 2024 2:52 PM
Author: Monday Preceding Apocalypse (No Future)

just do disincentivize consumption, bro

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306336)



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Date: November 7th, 2024 3:13 PM
Author: Trump Wins

Whats wrong with that. There are aburd levels of consumption and it all goes into the landfill. Tariffs will strengthen the resale and repurposing markets. Cut back on chinese made amazon shit that breaks down and ends up in a landfill in 3 months.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306431)



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Date: November 7th, 2024 3:25 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

it's amazing how amazon is basically temu now.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306490)



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Date: November 7th, 2024 3:07 PM
Author: Cornel West

one reason tariffs are stupid is because they encourage an arms race

replacing the national income tax with a VAT, while an enormous undertaking, is much easier to argue for. tariffs on the other hand are basically MAD for every country except China, which at this point could probably wall itself off from the world North Korea style and do fine

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306410)



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Date: November 7th, 2024 3:11 PM
Author: Trump Wins

so what. american can be self sufficient. we can produce what we need and want here. what is one thing we NEED but cannot produce here?

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306421)



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Date: November 7th, 2024 3:29 PM
Author: Epistemic Humility

We’re going to eventually have to do a VAT

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306523)



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Date: November 7th, 2024 3:32 PM
Author: completely deranged lunatic

oh silly goy they're never going to do that no matter how necessary it becomes

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306547)



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Date: November 7th, 2024 3:25 PM
Author: sph

Tariffs in the abstract and tariffs of a magnitude to replace an income tax are two very different things.

2023 imports were $3.8 trillion and individual and corporate income tax revenues were $2.6 trillion, so we're looking at an almost 70% tariff on everything to replace the income tax.

Does that work with those numbers? Certainly not, because if we impose a 70% tariff on imports, imports are certain to go down, so the tariffs will need to be higher. What's the tariff rate where imports reach an equilibrium where $2.6 trillion is raised? Truly no one knows

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306494)



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Date: November 7th, 2024 3:26 PM
Author: Trust If Aryan

stop being smart. this is xoxo

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306499)



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Date: November 7th, 2024 3:27 PM
Author: Epistemic Humility



(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306507)



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Date: November 7th, 2024 3:27 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

i think tariffs to replace income tax is more of an aspirational idea than anything else. of course if we just flipped them overnight it would be a disaster, even if tariffs are ultimately superior to income in the end.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306508)



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Date: November 7th, 2024 3:37 PM
Author: sph

Tariff revenue in 2024 was $80 billion. We certainly could try to target $400 billion or whatever (I'm using a 5x increase as a bold but not bonkers starting point), target a corresponding reduction in income taxes, see what happens, and make progressive changes if it's working. That requires a lot of discipline and legislative continuity to follow through, though

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306575)



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Date: November 7th, 2024 3:40 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

every major policy requires discipline and legislative continuity. unless you want to just keep the status quo that's necessary. of course there's going to be swings based on new administrations. but hey, that's just the price of democracy over autocracy.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306587)



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Date: November 7th, 2024 3:26 PM
Author: Epistemic Humility

(Guy who doesn’t buy things)

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306497)



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Date: November 7th, 2024 3:33 PM
Author: Trump Wins

Correct. My family consumes little. Old car (just one). Push reel for cutting grass. Not a lot of "devices." I have a laptop, wife has one, we both have phones, and that's it. Biggest expense beyond the mortgage is food because we buy healthy food and cook our own meals and will buy from farmers and other sources to make sure it is healthy. Food prices can increase, that's fine. We already pay higher prices for that to get local rather than meat imported from Mongolia.

Tariffs sound 180.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306553)



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Date: November 7th, 2024 3:27 PM
Author: Epistemic Humility

Lmfao at XO posters genuinely arguing tariffs are great.



(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306503)



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Date: November 7th, 2024 3:28 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

lmfao as "based trumpmos!" coming here and arguing that his flagship fucking policy is terrible.

longtime trumpmo here, but i think the thing he's been advocating for his entire political career is retarded!

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306519)



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Date: November 7th, 2024 3:34 PM
Author: Epistemic Humility

It is. He’s also retarded.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306556)



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Date: November 7th, 2024 3:35 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

why didn't the biden admin remove trump's tariffs?

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306561)



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Date: November 7th, 2024 3:35 PM
Author: Trump Wins

Lol at shitlibs arguing Income Taxes are great.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306558)



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Date: November 7th, 2024 3:37 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

also easier as a concept.

just have every fucking person in the country file a return and interpret an extremely dense tax code and scrupulously account for every dollar they make and spend. much simpler than just charging a tariff on imports.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306573)



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Date: November 7th, 2024 3:45 PM
Author: Epistemic Humility

53 percent don’t pay after rebates

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306606)



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Date: November 7th, 2024 3:46 PM
Author: Trump Wins

Great, they can pay through tarrifs. Tired of subsidizing them.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306611)



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Date: November 7th, 2024 4:30 PM
Author: GNOME CHOMSKY

But we still have to file a return and live under the fear of having the government seize our accounts because we made a mistake

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306810)



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Date: November 7th, 2024 3:30 PM
Author: sealclubber

tariffs increase the price of goods to the price of the domestic equivalent

if the product is viable to make in the usa, you get more usa jobs and the already established hourly rate it took to make them before

more jobs = more taxes collected = likely higher wages = less unemployment

but = higher prices because you don't get china goods using slave wages

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306533)



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Date: November 7th, 2024 3:35 PM
Author: Trump Wins

Everything worth having is viable to make in the USA.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306563)



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Date: November 7th, 2024 3:37 PM
Author: AZNgirl aborting AZNbaby to celebrate Trump Win

barely anything is viable to make in the US dumbass, u are talking very high end shit given the wage rates. the idea u are gonna make nearly anything sold in a target or walmart is laughable, even TV's and shit it makes no sense when u can make them in mexico. and if u tariff shit then u just become north korea or cuba eventualy cause ull end up with old 2nd rate shit instead of the best. its already happening with BYD selling almost everywhere now EXCEPT the US, they have the best EV's by far

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306574)



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Date: November 7th, 2024 3:39 PM
Author: completely deranged lunatic

US share of global manufacturing is like 20% you fuckin turd retard

jfc use google.com

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306581)



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Date: November 7th, 2024 3:45 PM
Author: AZNgirl aborting AZNbaby to celebrate Trump Win

I see 15.9% nigga and stuff like Boeing planes, autos, and refined petro are prob most of that. oh and then weapons



(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306605)



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Date: November 7th, 2024 3:41 PM
Author: 38 BMI and Age Cat Mom Sobbing on TikTok (gunneratttt)

we used to make everything here. why is buying all of our trinkets from china inevitable when 50 years ago we made them here?

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306592)



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Date: November 7th, 2024 3:46 PM
Author: AZNgirl aborting AZNbaby to celebrate Trump Win

cause the economies of scale changed faggot, wages were lower back then and the world was in a diff stage, now china and lots of asia can manufacturer better for cheaper

its same as in late 1800's US was like china now and dominated manufacturing which it stole from europe

idiots dont realize countries rise and fall, theres no black and white and things dont remain the same for long. that shld be obvious

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306610)



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Date: November 7th, 2024 4:37 PM
Author: Trump Wins

of course it can be again. there just needs to be the incentive. it was once before when america was a great country, before it imported tens of millions of gross shitty people like your parents.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306828)



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Date: November 7th, 2024 4:56 PM
Author: ...,..,...

Most imported goods, at least by value, are intermediate goods in a supply chain, not the final product sold to end users. The manufacturing we do in the U.S. has a huge foreign component. Companies and supply chains are all setup this way. We may end up with such prohibitively expensive supply chains that it makes sense to start manufacturing some of these items domestically, but it’s going to take a long time and huge tariffs for it to get to that point because Americans make so much more than foreign labor in these countries. And other countries we export this stuff to will also slap tariffs on our goods. So it’s going to be hugely disruptive for a while, though probably accretive to blue collar workers. It will be a huge net negative to the upper middle class because we are paid based on maximizing capital allocation. That will go away some if blue collar labor becomes so important again.

(http://www.autoadmit.com/thread.php?thread_id=5629562&forum_id=2\u0026mark_id=5310764#48306907)