Trump floats eliminating U.S. income tax and replacing it with tariffs on imports
Guy_Fieris_Hair @ Guy_Fieris_Hair @lemmy.world Posts 2Comments 402Joined 2 yr. ago
Guy_Fieris_Hair @ Guy_Fieris_Hair @lemmy.world
Posts
2
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402
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2 yr. ago
Rich people pay people to design a product, without having to pay their employees income tax> send it overseas to be built > when the product comes back all the consumers pay a ridiculous amount for necessities because the cost of the terrif is absorbed into the price of the product. In the long run, consumers pay the tax in a different form, but the wealthy don't have to pay that chunk that the employer matches.