Anonymous wrote:Someone asked earlier in the thread if they should pay the tariff on an item they ordered.
If you already received it or it was already processed by Customs and Border Protection before Feb. 24, you will owe the tariffs that the Supreme Court just ruled against. After that, you’ll have to pay the new tariff.
FYI unless it’s Mexico or Canada, the new “global” tariff is 10%, not the 15%. He changed his mind too late. Remember it does not apply to many things, so your product may be exempt.
Anonymous wrote:versus an unaccountable federal government? If the county overtaxes you on your property and you win a lawsuit against them, you should get a refund. Same with illegal federal money grabsAnonymous wrote:Anonymous wrote:The broad public is screwed, yes. But that doesn't mean that the federal government should just be able to keep ill gotten gains. Refund the money to whoever paid a tariff and then the companies have to declare the refund as income. Or if an individual has a receipt from buying goods from abroad, make that deductible on their taxes for 2026 filing , since 2025 filing has already startedAnonymous wrote:Anonymous wrote:Exactly, and refunds can be given through the same systems. None of these tariffs was paid in cash. There are records: what the government charged, and who paid the billAnonymous wrote:Anonymous wrote:In the simple case, the tariffed item was a finished good, but, in many cases, the tariffed item was incorporated in some other good, and so, on, until an actual finished good was produced. E.g. a tariffed GPU might have ended up sold to the ultimate consumer, or on some graphics card that incorporated 30 other chips then sold to the consumer, or in a supercomputer along with thousands of other GPUs. And intermediaries along the way.Anonymous wrote:How stupid is Kavanaugh comment on refunding the tariffs? It’s like he has no clue how businesses work.
I was watching a cable show and the “guest” commentator referred to Kavanaugh comment on how complicated refunds would be. They said oh it’s billions of dollars and the money has been earmarked or spent. This is laughable. The money was collected illegally and has to be returned.
Every dollar if tariff collected has a paper trail.
And all have a paper trail. Everything is tracked - the item, who paid the tariff, etc. This is like saying the IRS and each tax payer does not know how much taxes they pay each year. It is not complicated.
Except post-tariff consumers paid the bill, or much of it, as the cost was forwarded as an increased price at the register. Inflation, remember?
Please demonstrate how the broad public so impacted are to be made whole, and how those having directly paid the tariff would not achieve double gain, first from the increased sales price captures and then from the full reimbursement of the tariff.
Another advantage-the-wealthy crusade.
The tariff billing up the chain will have to be dealt with between the different companies, maybe with mediation etc. But whatever the US Government billed the importer needs to first be refunded to that importer, and any tax deduction the first importer took for tariffs needs to be reversedAnonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:The broad public is screwed, yes. But that doesn't mean that the federal government should just be able to keep ill gotten gains. Refund the money to whoever paid a tariff and then the companies have to declare the refund as income. Or if an individual has a receipt from buying goods from abroad, make that deductible on their taxes for 2026 filing , since 2025 filing has already startedAnonymous wrote:Anonymous wrote:Exactly, and refunds can be given through the same systems. None of these tariffs was paid in cash. There are records: what the government charged, and who paid the billAnonymous wrote:Anonymous wrote:In the simple case, the tariffed item was a finished good, but, in many cases, the tariffed item was incorporated in some other good, and so, on, until an actual finished good was produced. E.g. a tariffed GPU might have ended up sold to the ultimate consumer, or on some graphics card that incorporated 30 other chips then sold to the consumer, or in a supercomputer along with thousands of other GPUs. And intermediaries along the way.Anonymous wrote:How stupid is Kavanaugh comment on refunding the tariffs? It’s like he has no clue how businesses work.
I was watching a cable show and the “guest” commentator referred to Kavanaugh comment on how complicated refunds would be. They said oh it’s billions of dollars and the money has been earmarked or spent. This is laughable. The money was collected illegally and has to be returned.
Every dollar if tariff collected has a paper trail.
And all have a paper trail. Everything is tracked - the item, who paid the tariff, etc. This is like saying the IRS and each tax payer does not know how much taxes they pay each year. It is not complicated.
Except post-tariff consumers paid the bill, or much of it, as the cost was forwarded as an increased price at the register. Inflation, remember?
Please demonstrate how the broad public so impacted are to be made whole, and how those having directly paid the tariff would not achieve double gain, first from the increased sales price captures and then from the full reimbursement of the tariff.
Any business or individual who paid a tariff should just deduct it from there taxes.
The refund will go to whoever paid the tariff. From there, it may or may not be filtered down to the actual customer who was charged a higher price to cover the cost of the tariff. Many companies just tried to absorb it, cutting into profits. They’ll keep their refund.
That’s not quite so straightforward though. Company A produces a component in a country subject to US tariffs (the “country of origin”). Company B imports it, pays tariffs and duties to US govt. It supplies it to company C at a markup/profit AND bills through for the tariffs. Company C uses the component in the manufacture of a larger or more complex product and sells the finished product to Company at a profit AND bills through for the tariffs. It is not unusual for this chain to continue all the way up to quite large household name companies, with tariffs billed through as a separate line item each time, and the end buyer may be enterprise, government, or consumer. “Refunds” will be requested all the way through the supply chain since each company paid tariffs.