News for hackers. Stuff that matters.

A comment on Tariffs result in 10% laptop price hike in U.S. says Acer CEO. Parent comment

Re:Tariffs result in 10% laptop price hike in U.S. says Acer... by bayarearefugee on Tuesday February 18, 2025 @12:30PM (#43092516)
> They don't pay the income tax as it is but they'd have to pay the tariffs like anybody else.

As a percentage of their wealth they will pay a lot less than the middle class or poor do when it comes to any consumption tax or tariff. Because once again, the system is stacked in their favor.

[ Parent | on HN ]
Re:Tariffs result in 10% laptop price hike in U.S. says Acer... by AnthonyMouse on Tuesday February 18, 2025 @12:54PM (#43092876)
Neither sales nor income taxes are "a percentage of their wealth" in any case. The issue is that in practice their declared income isn't inherently higher than their spending and it's often lower, so the argument that the existing income tax would collect more from them than a consumption tax is erroneous.
[ Parent | on HN ]