President-elect Donald Trump’s proposed tariffs have already begun to upend businesses in several industries and many are taking action to safeguard their profits. The tariffs, which include a 10-20% tax on all imports and a potential 60-100% on goods from China, are causing significant concern – and the costs are likely coming right to consumers' wallets. Don't Miss: This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro and Sweet
Technically the money is going to the government’s coffers so it’s one way to compensate for lowering taxes… The problem being that it affects those with less money much more than those who are rich, contrary to taxes which are usually progressively higher as people make more money…
The problem being that it affects those with less money much more than those who are rich, contrary to taxes which are usually progressively higher as people make more money…
Technically the money is going to the government’s coffers so it’s one way to compensate for lowering taxes… The problem being that it affects those with less money much more than those who are rich, contrary to taxes which are usually progressively higher as people make more money…
Funny how that works ಠ_ಠ