they were shocked it was instead more than $100 now

this was something i hadnt even heard abt, i knew trumpkins were dumb but i didnt even realize they cld be this dumb

(http://www.autoadmit.com/thread.php?thread_id=5771330&forum_id=2),#49247793)

Corporate taxes are generally applied on profits so have less of an inflationary impact (but still some and other negative knock on effects like decreased investment and wages and jobs creation).

It’s not a good comparison you’ve made, friend

(http://www.autoadmit.com/thread.php?thread_id=5771330&forum_id=2),#49248737)

Let's ask Grok.

Direct Impact on Prices

Tariffs act as a direct tax on imported goods, increasing their cost at the border. Importers typically pass this added expense onto consumers and businesses, leading to higher prices for a wide range of products, including consumer goods (like electronics and clothing) and intermediate inputs used in domestic production (like steel or components). This creates an immediate upward pressure on the overall price level. For example, estimates suggest that broad U.S. tariffs could raise personal consumption expenditures (PCE) prices by 1–1.5% in the short term, with effects concentrated on imported or import-dependent items. Across-the-board tariffs of 25% could boost prices for investment goods by about 9.5% and consumption goods by around 2.2%.

Corporate income taxes, in contrast, are levied on company profits after expenses (like wages, materials, and depreciation). They do not directly add to the cost of goods or services. While companies might try to offset higher taxes by raising prices, competition typically limits this ability—firms can't easily pass on the full burden without losing market share. Empirical studies show that increases in corporate tax rates have little to no effect on consumer or producer prices across sectors.

Broader Economic Effects

Tariffs reduce the supply of affordable imports, which can drive up prices by limiting competition and options for consumers and producers. They also distort trade, potentially leading to retaliation from other countries, supply chain disruptions, and higher costs for domestic substitutes. This supply-side constraint amplifies inflationary pressures, especially in a full-employment economy like the U.S. today. Tariffs are often described as regressive, hitting lower-income households harder as a share of their spending (e.g., on essentials like apparel, where prices could rise 17%).

Corporate taxes primarily affect after-tax profits, which impacts shareholders (often through lower dividends or stock values) and can influence investment decisions. However, they tend to reduce aggregate demand slightly (e.g., by curbing corporate spending), which is more likely to be neutral or even mildly disinflationary on prices. They don't create the same supply bottlenecks as tariffs.

Comparative Evidence

Economic models comparing revenue-equivalent policies (e.g., tariffs raising the same amount as hiking the corporate tax rate from 21% to 36%) find that tariffs cause roughly twice the economic harm, including stronger price increases, larger GDP reductions (up to 8%), and wage drops (up to 7%). In short, while both are taxes, tariffs function more like a sales tax on imports—directly inflating costs—whereas corporate income taxes target profits without the same pass-through to everyday prices.

This doesn't mean corporate taxes have zero inflationary risk (e.g., if they severely cut investment and slow growth long-term), but the consensus is that tariffs pose a clearer and more immediate threat to inflation.

Okay cool, so Grok thinks I'm right. Let's see what ChatGPT thinks.

Tariffs are generally more inflationary than corporate income taxes, especially in the short term. When a government imposes tariffs on imported goods, the immediate effect is an increase in the prices of those goods for consumers and businesses. Since many industries rely on imported components or finished products, the higher costs are often passed along the supply chain, leading to broad-based price increases. This directly contributes to inflation. In contrast, corporate income taxes reduce after-tax profits for companies but do not necessarily lead to immediate price increases. While firms may try to offset higher taxes by raising prices, competitive pressures and market dynamics often limit their ability to do so. Therefore, while both tariffs and corporate taxes can affect costs and investment decisions, tariffs tend to have a more direct and immediate inflationary impact.

Seems to line up precisely with what I said. I guess I can conclusively say that I'm right, and you're wrong. MAGA is composed almost entirely of know-nothings who have somehow convinced themselves they're geniuses.

(http://www.autoadmit.com/thread.php?thread_id=5771330&forum_id=2),#49248842)

Want to try again kiddo? Probably not 😂

(http://www.autoadmit.com/thread.php?thread_id=5771330&forum_id=2),#49248866)

I think there are very unserious lightweights involved here, but it isn’t me :-)

(http://www.autoadmit.com/thread.php?thread_id=5771330&forum_id=2),#49248870)

If it’s foreign governments why did Trump tell Walmart to eat the tariffs? Was Donny dealmaker LYING?

(http://www.autoadmit.com/thread.php?thread_id=5771330&forum_id=2),#49248746)

Oh wait, oopsy daisy.

TRUMP: "No, no. China pays. Other countries pay. It’s a beautiful thing."

“They have to pay tariffs … bring in trillions of dollars into our treasury from countries which never pay us 10 cents.”

“China is paying for them.”

"If you look at China, I took in hundreds of billions of dollars in my term … China has paid almost $700 billion in tariffs under me."

"For decades, they gave up to China. I’m the only one that … China has paid almost $700 billion in tariffs under me."

“These tariffs are paid for by the abusing country, NOT THE AMERICAN CONSUMER.”

“For many years, they have taken advantage of the United States … reciprocal tariffs take effect… billions of dollars … from countries that have taken advantage of the United States.”

"I am going to put tariffs on other countries coming into our country, and that has nothing to do with taxes to us. That is a tax on another country."

Whoops!

(http://www.autoadmit.com/thread.php?thread_id=5771330&forum_id=2),#49248847)

I guess you don’t mind Donald dealmaker lying to you? Anything for daddy, right?

And yes Donny’s tariffs, which he lies and says are paid by foreign companies, are and will continue to increase inflation. The stock market is doing great! The wealthy get wealthier and have lower tax burdens while we implement a regressive tax that hurts poors. Oh what a populist movement!

(http://www.autoadmit.com/thread.php?thread_id=5771330&forum_id=2),#49248915)