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The New Coffee Room

  1. TNCR
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  3. Largest tax increase since 1942 …

Largest tax increase since 1942 …

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  • jon-nycJ Online
    jon-nycJ Online
    jon-nyc
    wrote on last edited by
    #1

    ... and the largest peacetime tax increase ever.

    Today Peter Navarro said the tariffs will raise 600B per year. That’s 2.2% of GDP.

    Person. Woman. Man. Camera. TV.

    1 Reply Last reply
    • HoraceH Offline
      HoraceH Offline
      Horace
      wrote on last edited by
      #2

      If this comes out as essentially a sales tax, it'll come out in the inflation numbers.

      Education is extremely important.

      1 Reply Last reply
      • jon-nycJ Online
        jon-nycJ Online
        jon-nyc
        wrote on last edited by
        #3

        It would equal $4,580 per household.

        Some people might just feel that.

        Person. Woman. Man. Camera. TV.

        1 Reply Last reply
        • LuFins DadL Offline
          LuFins DadL Offline
          LuFins Dad
          wrote on last edited by
          #4

          Next summer I was supposed to get my mid-life crisis car… There goes that…

          The Brad

          1 Reply Last reply
          • CopperC Offline
            CopperC Offline
            Copper
            wrote on last edited by
            #5

            If they reduce the debt, and balance the budget, it is worth it.

            1 Reply Last reply

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