Unpaid bills will ruin your credit rating which will cost way more in the long run than this bill. While tarrifs are now higher people in the US also received a large reduction in income taxes which for many people far exceeds the additional cost of tarrifs. Partial switching from income taxes to consumption taxes can have economic benefits.
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37.5% duty charged on Ascilab speakers shipped to US [Resolved]
- Thread starter MarkS
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Eminent Technology in Tallahassee FL. Also manufactures a linear tracking tone arm, guitar amplifier and a radical designed subwoofer.
He actually buys a lot of his parts from India which currently has some of the highest tariffs there is (likely a tie with China). Most of his bargain speakers are with parts from India.
PristineSound
Major Contributor
Several? Try all of them.
Curupira
Addicted to Fun and Learning
In Brazil, private couriers like FedEx, UPS and DHL charge the recipient/customer for a special fee which includes taxes + shipping. If the government taxes the product above the fee, the courier will charge the customer at delivery for the difference (Amazon, for instance, covers this cost if that happens). That may be what FedEx is trying to pull in the US for you.
This system is adopted to avoid the customs line, as couriers operate by plane and on a speed dial, and the federal payment system (done through govt./customs channels), which is morose. The fee itself protects the courier in case of overtaxing and of the recipient not paying his taxes.
The result is the federal import tax + state tax for the circulation of goods and services (ICMS) + courier's service fee, which all amounts to about 110-120% of the original product.
This system is adopted to avoid the customs line, as couriers operate by plane and on a speed dial, and the federal payment system (done through govt./customs channels), which is morose. The fee itself protects the courier in case of overtaxing and of the recipient not paying his taxes.
The result is the federal import tax + state tax for the circulation of goods and services (ICMS) + courier's service fee, which all amounts to about 110-120% of the original product.
Not true. More than half of the so called "tax cuts" are continuation of existing tax cuts that were due to expire end of this year. What remains is about $1.7 trillion dollars which is much less than $2.6 trillion dollars we will be paying for tariffs over the next 10 years. Worse yet, tariffs are inflationary, coming on the heals of higher prices on goods, creating a dangerous situation for the economy.
Ascilab kits? Is that the solution you wish to imply?
Curupira
Addicted to Fun and Learning
Coming from a country whose taxing system is built on consumption (which averages 60% of the macroeconomic elements/GDP), I can warn you that going this way is the speed lane to untaxing the wealthy while proportionally burdening the rest of the population and worsening inflation. This wouldn't be just as dramatic as Brazil because here inequality is bigger.
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Paying a vendor what you owe them? That's not in the spirit of the times. The accepted procedure is to stiff them and let them try to collect.*
* Not recommended for non-billionaires.
LOL, which of his speakers are bargains?
Ricardojoa
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There would be double or triple the labor cost. Still gets tariffs on parts.
PristineSound
Major Contributor
For those who offer "just buy American" so tarriffs won't be an issue. You must live under a rock. Seriously.
All you have to do is as easy as typing few words to ask ChatGPT to explain the global supply chain to you. Try it, maybe you will get some worldly knowledge and get some sunlight from coming out of the bottom of your rock.
And there is no way in hell will I buy American just because it's American, it must be an excellent product first and foremost, like Ascend Acoustics and Philharmonics Audio, which btw imports the vast majority of their parts from tariff burden countries.
All you have to do is as easy as typing few words to ask ChatGPT to explain the global supply chain to you. Try it, maybe you will get some worldly knowledge and get some sunlight from coming out of the bottom of your rock.
And there is no way in hell will I buy American just because it's American, it must be an excellent product first and foremost, like Ascend Acoustics and Philharmonics Audio, which btw imports the vast majority of their parts from tariff burden countries.
And tariffs are a regressive tax with a substantially higher impact on lower income individuals.
Maybe a little hocus pocus with the reciept. Common here with used cars (yea we get fuc... eh charged sales tax every time, even if the car has been sold 10 times) from private sellers. The receipt will show a lower sales price.
Sokel
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Then I must be outdated.
That's unfortunate, Aerials used to be really good.
The whole "Tariffs are inflationary" argument goes against economic theory. A tax is a tax at the end of the day. Does anyone think that raising income taxes is inflationary? Classic economic theory would say a consumption tax will reduce consumption just like an income tax or a VAT and prices will adjust to reduced demand. The difference is consumption taxes allow the taxing of the underground economy i.e. hookers and drug dealers because they all buy stuff. Also unlike income taxes they a "voluntary", you can chose to not buy something and save or invest the money instead which can be helpful for the economy. Finally the US is running huge deficits so helping to reduce the deficit is not all bad. I don't like taxes and any tax will reduce economic activity but consumption taxes can be preferable to income taxes and runaway deficits are not the long run road to prosperity either.
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