Here's one way for Australia to make up for the money they're losing from Trump's tariffs.

  • Thread starter Thread starter Floyd Eye
  • Start date Start date
Floyd Eye said:
So, if you’re sitting there thinking, “Well, that won’t affect me,” just wait. You might not be rich enough for the government’s shakedown yet, but thanks to inflation and asset bubbles, they’ll be at your door before you can say “unrealized gains.”
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This is exactly how it works too. Imagine having to pay tax on unrealized gains tied to your holmes value since the 2020-21 boom. I would've been effectively forced out. In another ten years I probably will be anyways just thanks to property tax increases. Texas is growing too big, too fast.
 
Seasons will change. Tides will turn. But I will never forget how fast Thumbpicker turned on Americans!
 
Thumbpicker said:
It's the quick and the dead.
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Thumbpicker said:
I can't see the income taxes over there getting replaced by tariffs. Tariffs would need to be four times higher than what they currently are to replace income tax revenue from what I've read and plus they have to start paying down the deficit on top of that. So it doesn't add up.
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Have you forgotten about the now-estimated 10 trillion of big-company investment promises in local manufacturing - and that's just in the last few months?

I mean, the tax take from big business is gonna be huge even 'though the rates will be super-attractive (15% or less IIRC).

Somehow I think that'll far outweigh any loss via eliminating taxes for the sub-200k U$D category, where most people live.

You're the accountant 'though...
 
Monkey Man said:
Have you forgotten about the now-estimated 10 trillion of big-company investment promises in local manufacturing - and that's just in the last few months?

I mean, the tax take from big business is gonna be huge even 'though the rates will be super-attractive (15% or less IIRC).

Somehow I think that'll far outweigh any loss via eliminating taxes for the sub-200k U$D category, where most people live.

You're the accountant 'though...
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That's not direct revenue from tariffs though. I guess we'll have to wait and see if company tax can replace personal income tax. It certainly wouldn't be instant revenue. They'd have to build the facilities and turn a profit. Trump would still have to balance the budget (or not have an unmanageable deficit than usual) in the interim.

As for being an accountant, yes it helps to know what an unrealised gain is and what is a loan etc but I'm still going off what economists are reporting in the news.
 
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jdel77 said:
We pay tax on non-realised money all the time, eg: buying things with credit. It's not new, and not newsworthy.
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Dude, you are full of shit. I say that because I know you aren't fucking stupid. That's not even close to the same thing.
 
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