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 Import Tax

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GeorgeL



Registration date : 2016-06-05

PostSubject: Import Tax   Sun Apr 16, 2017 1:00 am

Curious as to opinions on the current rumors in Washington concerning the Trump administrations thinking of imposing a 20% across the board import tax on everything imported into the US, for us pipe smokers this would be not only tobacco, but pipes and even my made in China tobacco pouch. With the exception of corn cobs I have not purchased a US made pipe in decades.

George

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bosun1

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Location : fly over country
Registration date : 2012-10-23

PostSubject: Re: Import Tax   Sun Apr 16, 2017 10:30 am

Well, we'll pay it won't we? The Feds impose the tax, the importers pay it. The importers then tack on a 'handling fee' because they have to pay people to do the accounting work plus they have to borrow the money to pay the tax. Figure maybe a total of 25 percent added to the current price? Maybe our manufacturing base will be able to compete then? If more money stays in our country then it is better for us. Look what we did to the "home of the Industrial Revolution" Great Britain. Asia will do the same to us..
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