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Reply to "$3,500 iPhones?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Some democrats want to increase corporate taxes while claiming tariffs are bad for consumers. Who wants to tell them?[/quote] There's a difference though - corporate taxes are based on profits (and thanks to Trump it's a flat 21% - there are no brackets). Tariffs are based on imports. There are companies out there that import goods but are barely turning a profit. You could keep them in the 21% bracket while restoring higher brackets for higher-earning companies, and a corporate tax increase wouldn't affect these companies at all. But these tariffs, which do not factor in a company's profitability, would put them out of business.[/quote] Except a major goal of tariffs is to prevent dumping.[/quote]
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