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onthebottom

Never Been Justly Banned
Jan 10, 2002
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Tariffs, which are costing families about $800 year.
More taxes on the middle class.
That’s idiotic, do you have any sense on how much money 2.5% of US revenue represents.
 

Anbarandy

Bitter House****
Apr 27, 2006
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Revenue is up 2.5% Y/Y
2% of that 2.5% of revenue increase which is $52billion for the first nine months of the fiscal budget year is customs duties initially paid by American corporations and entities and passed onto American consumers through higher prices. Basically a Trump 'Tariff tax' on the American middle and lower income class.

Yeah so almost all of that increase of revenue is not due any increase in corporate 'income' taxes paid.

Over a $1trillion dollar budget deficit brought to you by The King of Bankruptcy.
 

Frankfooter

dangling member
Apr 10, 2015
79,748
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2% of that 2.5% of revenue increase which is $52billion for the first nine months of the fiscal budget year is customs duties initially paid by American corporations and entities and passed onto American consumers through higher prices. Basically a Trump 'Tariff tax' on the American middle and lower income class.

Yeah so almost all of that increase of revenue is not due any increase in corporate 'income' taxes paid.

Over a $1trillion dollar budget deficit brought to you by The King of Bankruptcy.
The top 1% globally have actually lost 6% of their wealth because of Trump's trade wars.
The world's super wealthy just collectively lost $US2 trillion – and Trump's trade war is to blame
https://www.businessinsider.com.au/super-rich-wealth-decline-2019-7
 

danmand

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Nov 28, 2003
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K Douglas

Half Man Half Amazing
Jan 5, 2005
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