Path: news.eternal-september.org!eternal-september.org!.POSTED!not-for-mail
From: zen cycle <funkmasterxx@hotmail.com>
Newsgroups: rec.bicycles.tech
Subject: Re: RE: Re: RE: Re: Tariffs and bikes
Date: Sun, 6 Apr 2025 14:51:15 -0400
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On 4/6/2025 12:04 PM, cyclintom wrote:
> On Sat Apr 5 08:41:35 2025 zen cycle  wrote:
>> On 4/4/2025 7:36 PM, cyclintom wrote:
>>> On Fri Apr 4 14:52:25 2025 AMuzi  wrote:
>>>> On 4/4/2025 12:59 PM, Shadow wrote:
>>>>> On Fri, 4 Apr 2025 11:26:12 -0500, AMuzi <am@yellowjersey.org> wrote:
>>>>>
>>>>>> On 4/4/2025 11:16 AM, sms wrote:
>>>>>>> The whole idea of increasing taxes on the masses, while
>>>>>>> decreasing them on the wealthy, is so Republican, and so
>>>>>>> Reaganesque with the fraud of "Trickle-Down Economics."
>>>>>>>
>>>>>>> These new high taxes on discretionary items will be
>>>>>>> disastrous since a new bike, a new phone, or even a new car,
>>>>>>> is not generally a required purchase, and consumers will be
>>>>>>> unwilling to pay much more. So companies like Trek will
>>>>>>> likely absorb some of the tariffs by accepting lower margins.
>>>>>>>
>>>>>>> OTOH, some businesses, like car repair shops will see more
>>>>>>> business as consumers spend more to keep their existing
>>>>>>> vehicle working.
>>>>>>>
>>>>>>> For items that are not discretionary, like food, we'll just
>>>>>>> have to pay more for the same items or switch to lower-cost
>>>>>>> items.
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>
>>>>>> You can have whatever opinion you like but not your own
>>>>>> facts.  USA has among the most steeply sloped tax regimes on
>>>>>> earth, such that the top 1% of earners pay roughly half of
>>>>>> all income tax.
>>>>>
>>>>> 	So what is your income tax rate? Here it's from 0 to 27.5% (0%
>>>>> for people who don't make enough to eat and pay only purchase tax (60%
>>>>> on food) to people that make more than US$ 500, 00 a month and are
>>>>> considered "rich" employees.
>>>>>
>>>>> 	Businessmen, market "players", multinationals and banks are
>>>>> all tax exempt. We are a right wing country, more or less expected.
>>>>> Inheritance tax is around 1%, but most millionaires get a judge to
>>>>> exempt them.
>>>>>
>>>>> 	Give me an example. If Musk manages to buy the judges in Texas
>>>>> and gives himself over 50 billion dollars for a year's "hard" work
>>>>> breaking Tesla, how much of that will he pay as income tax?
>>>>>>
>>>>>> https://usafacts.org/articles/who-pays-the-most-income-tax/
>>>>>
>>>>> 	USA facts is founded and run by a billionaire(Steve Ballmer)
>>>>> one of the most notorious tax-evaders in the world. LOL, he probably
>>>>> deducts any expenses with his "ORG".
>>>>> 	Hardly a "reference" for unbiased tax "facts".
>>>>> 	IMHO
>>>>> 	[]'s
>>>>>>
>>>>>> Moreover, various Cassandras notwithstanding, no significant
>>>>>> changes to the current (2017 Act) schedules are in play.
>>>>>>
>>>>>> Regarding Trek, otherwise known as The Great Chinese Bicycle
>>>>>> Selling Company, meh.
>>>>
>>>> I carry no water for Mr Ballmer.  I (and others) have linked
>>>> many tax reporting sites over the years with the same
>>>> numbers as that one.
>>>>
>>>> I also have no animus toward Brasil. Run your own country
>>>> any way you like, not my problem. Our tax rates are in
>>>> theory zero to 37.5%.
>>>>
>>>> https://www.irs.gov/filing/federal-income-tax-rates-and-brackets
>>>>
>>>> In practice, relief here, with our "negative income tax"
>>>> policies, is the equivalent of up to $62,000 per year* or
>>>> well over what many working people make before taxes.
>>>> Again, this is not a policy statement either way, just
>>>> reporting.
>>>>
>>>> https://www.irs.gov/filing/federal-income-tax-rates-and-brackets
>>>>
>>>> *for 2022.  Higher now of course.
>>>
>>>
>>>
>>>
>>> In California add to the top rate another 12%. plus gas tax, plus salews tax,plus 50% inheretance tax, property taxes. and more because all of the rich have left so the have to bleed the poor.
>>
>> As of 2022, California has the highest number of billionairs of any
>> state in the US, and is #4 per capita.
>>
>> https://www.madisontrust.com/information-center/visualizations/which-us-states-have-the-most-billionaires/
>>
>> Please post data to the contrary if you can.

> 
> Do you mean those Hollywood actors who have ashes instead of himes? Tom Sellect isn't bragging that he has a lot of money and he doesn't care.

As of 2022, California has the highest number of billionaires of any
state in the US, and is #4 per capita.

https://www.madisontrust.com/information-center/visualizations/which-us-states-have-the-most-billionaires/

Please post data to the contrary if you can.

> 
> Tell us all what you're worth?

I have, repeatedly, as if it has any relevance to "all of the rich have 
left"