Re: RE: Re: RE: Re: Tariffs and bikes

On 4/6/2025 12:04 PM, cyclintom wrote:

On Sat Apr 5 08:41:35 2025 zen cycle  wrote:

On 4/4/2025 7:36 PM, cyclintom wrote:

On Fri Apr 4 14:52:25 2025 AMuzi  wrote:

On 4/4/2025 12:59 PM, Shadow wrote:

On Fri, 4 Apr 2025 11:26:12 -0500, AMuzi <am@yellowjersey.org> wrote:
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On 4/4/2025 11:16 AM, sms wrote:

The whole idea of increasing taxes on the masses, while
decreasing them on the wealthy, is so Republican, and so
Reaganesque with the fraud of "Trickle-Down Economics."
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These new high taxes on discretionary items will be
disastrous since a new bike, a new phone, or even a new car,
is not generally a required purchase, and consumers will be
unwilling to pay much more. So companies like Trek will
likely absorb some of the tariffs by accepting lower margins.
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OTOH, some businesses, like car repair shops will see more
business as consumers spend more to keep their existing
vehicle working.
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For items that are not discretionary, like food, we'll just
have to pay more for the same items or switch to lower-cost
items.
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You can have whatever opinion you like but not your own
facts.  USA has among the most steeply sloped tax regimes on
earth, such that the top 1% of earners pay roughly half of
all income tax.

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So what is your income tax rate? Here it's from 0 to 27.5% (0%
for people who don't make enough to eat and pay only purchase tax (60%
on food) to people that make more than US$ 500, 00 a month and are
considered "rich" employees.
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Businessmen, market "players", multinationals and banks are
all tax exempt. We are a right wing country, more or less expected.
Inheritance tax is around 1%, but most millionaires get a judge to
exempt them.
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Give me an example. If Musk manages to buy the judges in Texas
and gives himself over 50 billion dollars for a year's "hard" work
breaking Tesla, how much of that will he pay as income tax?

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https://usafacts.org/articles/who-pays-the-most-income-tax/

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USA facts is founded and run by a billionaire(Steve Ballmer)
one of the most notorious tax-evaders in the world. LOL, he probably
deducts any expenses with his "ORG".
Hardly a "reference" for unbiased tax "facts".
IMHO
[]'s

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Moreover, various Cassandras notwithstanding, no significant
changes to the current (2017 Act) schedules are in play.
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Regarding Trek, otherwise known as The Great Chinese Bicycle
Selling Company, meh.

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I carry no water for Mr Ballmer.  I (and others) have linked
many tax reporting sites over the years with the same
numbers as that one.
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I also have no animus toward Brasil. Run your own country
any way you like, not my problem. Our tax rates are in
theory zero to 37.5%.
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https://www.irs.gov/filing/federal-income-tax-rates-and-brackets
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In practice, relief here, with our "negative income tax"
policies, is the equivalent of up to $62,000 per year* or
well over what many working people make before taxes.
Again, this is not a policy statement either way, just
reporting.
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https://www.irs.gov/filing/federal-income-tax-rates-and-brackets
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*for 2022.  Higher now of course.

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In California add to the top rate another 12%. plus gas tax, plus salews tax,plus 50% inheretance tax, property taxes. and more because all of the rich have left so the have to bleed the poor.

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As of 2022, California has the highest number of billionairs of any
state in the US, and is #4 per capita.
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https://www.madisontrust.com/information-center/visualizations/which-us-states-have-the-most-billionaires/
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Please post data to the contrary if you can.

 Do you mean those Hollywood actors who have ashes instead of himes? Tom Sellect isn't bragging that he has a lot of money and he doesn't care.

As of 2022, California has the highest number of billionaires of any
state in the US, and is #4 per capita.
https://www.madisontrust.com/information-center/visualizations/which-us-states-have-the-most-billionaires/
Please post data to the contrary if you can.

 Tell us all what you're worth?

I have, repeatedly, as if it has any relevance to "all of the rich have left"