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Halls of Shrewd'm / US Policy
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Author: PucksFool   😊 😞
Number: of 55834 
Subject: Re: Tariffs and (are) hidden taxes
Date: 07/30/2025 8:08 PM
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Before I post I want to preface this by saying I had knee replacement surgery 9 days ago and I am strong pain meds.* So if this makes less sense than my usual post, I'm blaming the meds.

The farmer grows the carrot and sells it to a merchant. The farmer pays the tax on the carrot. The farmer charges the merchant the price of the carrot + the 10¢ tax. The merchant charges the customer who is buying the carrot their price + the 10¢ tax. The customer uses the carrot in a delicious carrot cake with cream cheese frosting. The customer is the only one out the cost of the carrot and the 10¢ tax. Who pays the initial tax is irrelevant. The customer bears the full burden of the tax in the end.

* The surgery went well and recovery is painful, hence the meds, but it is going well too. I was released from using a walker, and now I'm using a cane.


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