Just thought of another reason why tariffs will cost us more.

[Ocelot II]

Many states have sales taxes, which are added onto the retail price of an item when it's purchased. Right now you can buy a Hamilton Beach toaster from Amazon for $32.63. My state's sales tax is 6.875%, adding another $2.34 to the price, for a total of $35.57. Most toasters are made in China, and if the tariffs are imposed as planned, the tariff on toasters will be 125%. https://www.nytimes.com/interactive/2025/04/12/business/economy/china-tariff-product-costs.html So if a retailer decides to pass on the entire tariff (Amazon isn't telling), that toaster will cost $32.63 + the $40.79 tariff, or $83.61. Then add the 6.875% sales tax of $5.75 to the new retail price, and the toaster that used to cost $35.57 now costs $89.36. One more little kick in the pants for the consumer.

[yardwork]

1. North Carolina's sales tax is 7% - and food is taxed.

So if a load of groceries that cost $100 under Biden now costs $150 (a conservative estimate of the impact of tariffs), the state tax increases from $7 to $10.50.

So, $107 under Biden, $160.50 under Trump. Or more.

So much winning.

[Tadpole Raisin]

2. I price checked some things I've been keeping an eye on.

It’s already having an impact - 10-20% on average.

Already purchased my anticipated needs but I’m sure I’ll be blindsided by something in the next few years.

And then wait for some stores to either Jack up the price or not limit quantities. Except in rare instances I’m still not seeing people being aware of what’s coming. And I don’t think China is backing down.

An elderly parent’s AC gives out during a heatwave (the ones who also had their Meals On Wheels taken away to fund the tax cut)? That bastard 47 will be responsible for a lot of deaths while he grifts and golf’s.

[BeerBarrelPolka]

3. Also

On bigger ticket items, it can put the item into a higher bracket for extended warranties. It will also raise prices on replacement parts for out of warranty parts as well. The list goes on and on.

[gab13by13]

5. Yup,

If the price of cars goes up so does the price of insurance.

[Diamond_Dog]

4. I remember when

Banks would give you a free toaster for opening up a new account.

Guess I’m old.

[travelingthrulife]

15. And you could actually make money in your savings account with higher interest rates.

[70sEraVet]

18. Now, the banks even have their PENS chained!

If they were smart, they'd just print the bank's name on the pens and give them out.

[Ocelot II]

25. My credit union does give away free pens.

[mitch96]

26. Free glasses for gas?? I'm old too...nt

[LNM]

38. And your kids would inherit that toaster!

[gab13by13]

6. Maybe we will have to deal short term pain

until factories start making toasters in the US? In the meantime we can make toast on a skillet on the stove top, or on the grill outside.

[surfered]

8. Short term pain

[Tadpole Raisin]

9. At least he took the shoe off.... nt

[Nasruddin]

11. Summer's coming

Just lay your bread out in that hot, hot summer sun ....
which, thanks to increasing global warming, will be hotter and last longer! Thanks President Trump!

[Ferrets are Cool]

14. Did you intentionally leave off the sarcasm thingie?

[surfered]

7. Another cost. There are several toasters made in the US

If the Chinese toaster has a $40 tariff, could the US manufacturer raise its price, say $20, and still be cheaper than the Chinese one? Would they?

[Nasruddin]

10. They'll salute the flag

And patriotically change that price tag!

[delisen]

33. Yes American manufacturers will raise prices too

They will say their duty to their investors is to max their profit.

The only winners are the robots working the factory floors, the vulture venture caps, major shareholders, and the people in other more prosperous countries who will buy our cheaper toasters.

[Meowmee]

36. Yes they would, expect more price gouging on US made items

[TommieMommy]

12. Exactly 😡

[MichMan]

13. I don't believe tariffs are charged on retail price

That same toaster sells for a different amount at every retailer. Per your example, the tariff paid if bought it from Amazon would be a different amount then if purchased from Wal Mart or Best Buy.

I thought the tariffs were assessed when the goods enter the country and clear customs, not at the point of sale. Seems like it would be at a declared wholesale value, not retail.

[Ocelot II]

16. True; tariffs are based on whatever the importers' prices are, so

more accurately that would be the wholesale price. But we don't know what that is in most cases, so I'm estimating off the retail price. If the wholesale price of Amazon's $32.63 toaster is $25, the tariff would be $31.25, so the toaster would retail for only $63.88, plus the sales tax. It changes the math but not the point.

[Skittles]

40. regardless

THE CONSUMER PAYS MORE

[multigraincracker]

17. Tariffs are a regressive tax on the middle and poorer class.

We need a progressive tax like a wealth tax. With no write offs.

[MichMan]

22. So are sales taxes and gas taxes for that matter

[multigraincracker]

31. Even though I never had kids, I vote for every property tax. We need GOOD cops and good schools.

I don't want to live in place with uneducated folks and unsafe neighborhoods.
Taxes are the cost of civilization.
I do think the fairest tax would be a tax on wealth.

[Ocelot II]

32. Property taxes are wealth taxes, sort of, because they are assessed

on the value of your real estate.

[Random Boomer]

34. I learned this from my mother

She was always adamant that taxes were the rent we paid to live in this country, and that she wanted to do her part in keeping it up.

Ironically, she wasn't even a citizen. She was a legal resident with a green card, with no plans to ever return to Mexico. No matter how committed she was to living in the U.S., as far as she was concerned, she was Mexican and proud of her background. It wasn't something she wanted to lose.

I'm glad she died before the current wave of immigration hate swept this country

[Ocelot II]

29. It's paid to the US Treasury and enters the general affairs budget.

[Meowmee]

37. Into orange psycho's pockets

Last edited Thu May 1, 2025, 03:35 PM - Edit history (1)

[progree]

20. In Golden Valley, MN, a few miles west of you, it's 9.78% - this includes Hennepin and a new city sales tax

and a metro area transit tax (my Cub Foods receipt lists them all when I buy a non-food item).

I believe that Minneapolis is even a bit more when it's all added up.

[Ocelot II]

23. I didn't include the Hennepin County and Minneapolis taxes.

We had to pay for that damn stadium; don't get me started...

[Fil1957]

21. Tariffs, the gift that just keeps on giving...

[piddyprints]

24. My state sales tax

+ the county sales tax is 9.75% and absolutely everything is taxed, including food. Yeah, it's going to hurt everyone in multiple ways.

[CMYK]

27. Tariffs are a tax

Guess who gets the tariff money?
The US government.
So we will be paying more for our normal stuff, only to help the government while it gives tax breaks to billionaires.
Arghh

[mitch96]

28. THIS is why we have to call a tariff what it really is, an import tax. Small minded people might not equate

"TARIFF" to a TAX. Say Import Tax and they will get it..
Meanwhile I'm breaking out my camp fire toaster and sticking it on my stove...
m

[Ford_Prefect]

30. Any number of manufacturers both large and small are feeling the pain as well since the tariffs apply to materials they

must have to make their products. Raw materials and products like fabric and plastics which go into finished goods made here are going to be so expensive as to end or price out production here in the US, meaning the end of worker employment, along with investment returns. This particularly affects small and intermediate sized producers. It affects entire ranges of materials which has impact all along the production process. So in effect the tariffs hit many times along the way, not only for a single point of entry tax.

For example a box of cereal made with Canadian sourced cardboard, might be printed with Chinese sourced inks, assembled with glue from Mexico, thus the tariffs hit from at least 3 directions adding to the overall costs more than once. To say nothing of the bag inside the box holding the cereal. This is a hypothetical example to explain the levels and frequency of tariff impact and not based on actual product so don't start with the picky arguments. The same applies to any products which source some of their components or materials off shore. There are potentially multiple tariff impacts to the pricing of each final product.

Navarro and the other Trump whisperers don't care about this aspect because they cannot do basic math and thus don't grasp how tariffs actually work. Nor do they have the least idea of the scale of the problems they are creating.

[republianmushroom]

35. The trickle down affect.

[Bluepinky]

39. Sales taxes and tariffs are regressive taxes, will affect lower and middle income the most.

That’s why Trump likes them so much, he can screw over regular people without taxing his rich donors.
Although if everyone cuts back on purchases, the wealthy may feel it too.

[Ms. Toad]

41. Another benefit of listing the tariff separately.

I bought a camera from Japan. The vendor made it clear before checkout that I was responsible for any tariff. So I paid sales tax on the purchase, alone. I didn't end up paying a tariff on the camera because the camera fell into the de minimis category. But had it been more costly, I still would not have paid sales tax on the tax (tariff).