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In reply to the discussion: Sen. Josh Hawley introduces bill to send tariff rebate checks to Americans [View all]ProfessorGAC
(74,062 posts)36. The Tariff Is Not Based On Manufacturing Cost
It's based on the transfer cost, often considered wholesale price.
I'm sure you're right about the mark-up, though.
If the cost to produce is $30, and the transfer cost is $40, the tariff at 50% would be $20.
The margin would then be $88 from $148 retail, or roughly 60%. The "manufacturer" could easily absorb that $20, though I'm doubtful they would.
As to your first point, I've never heard a credible argument how high tax rates on large incomes is inflationary. So, I can't comment on the comparison.
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Sen. Josh Hawley introduces bill to send tariff rebate checks to Americans [View all]
BumRushDaShow
Jul 29
OP
Even those seniors like myself and my wife who do file each year but pay no taxes.
Bengus81
Jul 30
#34
possible -- do you think the tariffs are perhaps not even active and they are simply fudging the revenue?
cadoman
Jul 29
#22
isn't it interesting that increasing tax rates on high income earners is not inflationary
cadoman
Jul 30
#25
Not even a deposit in your accout. It's a tax CREDIT. Most seniors file but don't pay taxes.
Bengus81
Jul 30
#33
Hawley says the rebate is going to "Trump blue-color voters--the people whom Joe Biden crushed"--Is this
riversedge
Jul 31
#41
Josh Hawley is all about claiming Republicans are "the party of the Working Class"
thought crime
Aug 1
#44